LivePerson (NASDAQ:LPSN) CAO Sells $37,793.92 in Stock

Key Points

• LivePerson's CAO, Jeffrey Ford, sold 59,053 shares of the company's stock at an average price of $0.64, totaling approximately $37,793.92, leading to a 12.68% decrease in his ownership.
• Institutional investors own 79.83% of LivePerson's stock, with significant new stakes acquired by firms like XTX Topco Ltd and Virtu Financial LLC in recent quarters.
• Wall Street analysts have downgraded LivePerson from a "hold" to a "sell" rating, with a current consensus rating of "Hold" and an average price target of $1.00.

LivePerson, Inc. (NASDAQ:LPSN - Get Free Report) CAO Jeffrey Ford sold 59,053 shares of the business's stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $0.64, for a total value of $37,793.92. Following the sale, the chief accounting officer owned 406,617 shares in the company, valued at approximately $260,234.88. This trade represents a 12.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

LivePerson Price Performance

NASDAQ LPSN traded up $0.03 during trading hours on Friday, reaching $0.65. The company's stock had a trading volume of 2,081,194 shares, compared to its average volume of 3,720,266. The firm has a fifty day simple moving average of $0.93 and a 200-day simple moving average of $0.87. LivePerson, Inc. has a 52 week low of $0.51 and a 52 week high of $2.08. The stock has a market cap of $62.46 million, a P/E ratio of -0.32 and a beta of 1.46.

Institutional Investors Weigh In On LivePerson

Institutional investors and hedge funds have recently made changes to their positions in the business. XTX Topco Ltd acquired a new stake in LivePerson in the second quarter worth $246,000. Virtu Financial LLC acquired a new stake in shares of LivePerson in the 1st quarter valued at about $26,000. Charles Schwab Investment Management Inc. grew its stake 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 valued at $318,000 after buying an additional 26,163 shares during the period. Finally, Two Sigma Advisers LP increased its position in LivePerson by 42.0% in the 4th quarter. Two Sigma Advisers LP now owns 906,027 shares of the technology company's stock valued at $1,377,000 after buying an additional 267,827 shares in the last quarter. Institutional investors own 79.83% of the company's stock.

Wall Street Analysts Forecast Growth

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

LivePerson Company Profile

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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