LivePerson (NASDAQ:LPSN) Shares Pass Above 200 Day Moving Average - Here's What Happened

Key Points

• LivePerson, Inc. (NASDAQ:LPSN) saw its stock prices exceed the 200-day moving average of $0.95, reaching as high as $1.27 during trading.
• The company has a market cap of $107.93 million and a PE ratio of -0.53, signaling potential financial challenges.
• Insider trading activity included CEO Anthony John Sabino selling 68,088 shares at an average price of $0.75, reducing his ownership in the company by 2.33%.

LivePerson, Inc. (NASDAQ:LPSN - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.95 and traded as high as $1.27. LivePerson shares last traded at $1.15, with a volume of 8,647,245 shares changing hands.

Analyst Upgrades and Downgrades

LPSN has been the topic of several analyst reports. Needham & Company LLC reissued a "hold" rating on shares of LivePerson in a research report on Thursday, May 8th. Wall Street Zen downgraded LivePerson from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st.

LivePerson Stock Performance

The stock has a fifty day moving average of $0.91 and a 200-day moving average of $0.95. The company has a market cap of $107.93 million, a PE ratio of -0.53 and a beta of 1.61.

Insider Transactions at LivePerson

In related news, CEO Anthony John Sabino sold 68,088 shares of the business's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $0.75, for a total transaction of $51,066.00. Following the completion of the transaction, the chief executive officer owned 2,852,296 shares in the company, valued at $2,139,222. The trade was a 2.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders sold 97,485 shares of company stock worth $81,345. 2.00% of the stock is owned by insiders.

Hedge Funds Weigh In On LivePerson

A number of large investors have recently bought and sold shares of LPSN. Virtu Financial LLC purchased a new position in LivePerson during the 1st quarter valued at $26,000. Marshall Wace LLP purchased a new stake in shares of LivePerson in the 4th quarter worth $57,000. Raymond James Financial Inc. purchased a new stake in shares of LivePerson in the 4th quarter worth $66,000. LPL Financial LLC lifted its holdings in shares of LivePerson by 140.2% in the 4th quarter. LPL Financial LLC now owns 56,571 shares of the technology company's stock worth $86,000 after buying an additional 33,021 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of LivePerson by 146.1% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 73,794 shares of the technology company's stock worth $112,000 after buying an additional 43,804 shares during the period. Hedge funds and other institutional investors own 79.83% of the company's stock.

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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