LivePerson, Inc. (NASDAQ:LPSN) CEO Anthony John Sabino Sells 68,088 Shares

LivePerson, Inc. (NASDAQ:LPSN - Get Free Report) CEO Anthony John Sabino sold 68,088 shares of the company's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $0.75, for a total value of $51,066.00. Following the completion of the transaction, the chief executive officer now directly owns 2,852,296 shares of the company's stock, valued at $2,139,222. This represents a 2.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Anthony John Sabino also recently made the following trade(s):

• On Thursday, March 20th, Anthony John Sabino sold 166,213 shares of LivePerson stock. The shares were sold at an average price of $0.90, for a total value of $149,591.70.

LivePerson Stock Down 2.1%

NASDAQ:LPSN traded down $0.02 on Wednesday, hitting $0.74. The stock had a trading volume of 312,213 shares, compared to its average volume of 2,581,647. LivePerson, Inc. has a 1 year low of $0.53 and a 1 year high of $2.08. The firm's fifty day simple moving average is $0.78 and its two-hundred day simple moving average is $0.98. The company has a debt-to-equity ratio of 10.24, a quick ratio of 1.65 and a current ratio of 1.65. The stock has a market cap of $69.86 million, a P/E ratio of -0.34 and a beta of 1.52.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LPSN. SBI Securities Co. Ltd. bought a new position in shares of LivePerson in the fourth quarter worth $25,000. Virtu Financial LLC bought a new position in LivePerson in the 1st quarter worth about $26,000. Avantax Advisory Services Inc. raised its holdings in shares of LivePerson by 89.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 19,006 shares of the technology company's stock valued at $29,000 after acquiring an additional 9,000 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of LivePerson in the 4th quarter valued at about $57,000. Finally, Raymond James Financial Inc. bought a new stake in shares of LivePerson during the 4th quarter valued at about $66,000. Hedge funds and other institutional investors own 79.83% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on LPSN. Wall Street Zen cut shares of LivePerson from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Needham & Company LLC reissued a "hold" rating on shares of LivePerson in a research note on Thursday, May 8th.

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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