Insider Selling: LivePerson (NASDAQ:LPSN) EVP Sells $100,609.92 in Stock

Key Points

• Monica Greenberg, the Executive Vice President of LivePerson, sold 157,203 shares of stock for approximately $100,609.92, reducing her ownership by 11.65% to 1,192,230 shares.
• LivePerson's stock recently traded up 4.3% to $0.65, with a market cap of $62.46 million and a 12-month price range between $0.51 and $2.08.
• Wall Street analysts downgraded LivePerson's shares from a "hold" rating to a "sell" rating, with the stock currently carrying a consensus target price of $1.00.

LivePerson, Inc. (NASDAQ:LPSN - Get Free Report) EVP Monica Greenberg sold 157,203 shares of the firm's stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $0.64, for a total value of $100,609.92. Following the completion of the sale, the executive vice president directly owned 1,192,230 shares in the company, valued at approximately $763,027.20. This represents a 11.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

LivePerson Trading Up 4.3%

NASDAQ:LPSN traded up $0.03 during mid-day trading on Friday, hitting $0.65. 2,081,194 shares of the company's stock traded hands, compared to its average volume of 3,720,266. The firm has a 50 day moving average of $0.93 and a two-hundred day moving average of $0.87. LivePerson, Inc. has a 12 month low of $0.51 and a 12 month high of $2.08. The firm has a market capitalization of $62.46 million, a price-to-earnings ratio of -0.32 and a beta of 1.46.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of LivePerson from a "hold" rating to a "sell" rating in a research note on Saturday, September 13th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $1.00.

Institutional Trading of LivePerson

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new position in LivePerson in the first quarter worth about $26,000. XTX Topco Ltd bought a new stake in shares of LivePerson in the 2nd quarter valued at approximately $246,000. Charles Schwab Investment Management Inc. raised its holdings in shares of LivePerson by 7.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 398,261 shares of the technology company's stock worth $318,000 after buying an additional 26,163 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its position in shares of LivePerson by 42.0% during the 4th quarter. Two Sigma Advisers LP now owns 906,027 shares of the technology company's stock worth $1,377,000 after buying an additional 267,827 shares during the period. Institutional investors own 79.83% of the company's stock.

About LivePerson

LivePerson, Inc engages in conversational artificial intelligence. It enables brands to leverage the Conversational Cloud's intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies. The company offers the Conversational Cloud, an enterprise-class digital customer conversation platform, which enables businesses and consumers to connect through conversational channels, such as voice, in-app, and mobile messaging.

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