LivePerson (NASDAQ:LPSN) CFO John Deneen Collins Sells 446,601 Shares

Key Points

• LivePerson CFO John Deneen Collins sold 446,601 shares at an average price of $0.63, totaling approximately $281,358, marking a 22.63% decrease in his stake.
• LivePerson's stock rose 4.3% to $0.65 following the sale, with institutional investors now holding 79.83% of the company's stock.
• Wall Street analysts have recently downgraded LivePerson's stock rating from "hold" to "sell," with a consensus target price of $1.00.

LivePerson, Inc. (NASDAQ:LPSN - Get Free Report) CFO John Deneen Collins sold 446,601 shares of LivePerson stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $0.63, for a total value of $281,358.63. Following the sale, the chief financial officer directly owned 1,527,209 shares in the company, valued at $962,141.67. The trade was a 22.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

John Deneen Collins also recently made the following trade(s):

• On Monday, July 28th, John Deneen Collins sold 21,966 shares of LivePerson stock. The shares were sold at an average price of $1.03, for a total value of $22,624.98.

LivePerson Stock Up 4.3%

LPSN traded up $0.03 during trading on Friday, reaching $0.65. 2,081,194 shares of the company's stock were exchanged, compared to its average volume of 3,720,266. The company has a market capitalization of $62.46 million, a P/E ratio of -0.32 and a beta of 1.46. The business has a 50 day moving average price of $0.93 and a 200 day moving average price of $0.87. LivePerson, Inc. has a fifty-two week low of $0.51 and a fifty-two week high of $2.08.

Institutional Investors Weigh In On LivePerson

Large investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in LivePerson by 7.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 398,261 shares of the technology company's stock valued at $318,000 after purchasing an additional 26,163 shares during the last quarter. Virtu Financial LLC bought a new position in shares of LivePerson in the first quarter valued at approximately $26,000. XTX Topco Ltd acquired a new position in shares of LivePerson in the 2nd quarter worth approximately $246,000. Finally, Two Sigma Advisers LP grew its position in 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 acquiring an additional 267,827 shares during the last quarter. Institutional investors own 79.83% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of 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 data from MarketBeat.com, LivePerson has a consensus rating of "Hold" and an average target price of $1.00.

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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