Shares of LivePerson, Inc. (NASDAQ:LPSN - Get Free Report) passed 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
A number of brokerages have recently weighed in on LPSN. Wall Street Zen cut LivePerson from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Needham & Company LLC reiterated a "hold" rating on shares of LivePerson in a research note on Thursday, May 8th.
Check Out Our Latest Research Report on LPSN
LivePerson Stock Performance
The firm has a market cap of $92.16 million, a price-to-earnings ratio of -0.45 and a beta of 1.61. The company's fifty day moving average is $0.92 and its two-hundred day moving average is $0.94.
Insider Buying and Selling at LivePerson
In other news, 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 sale, the chief executive officer directly owned 2,852,296 shares of the company's stock, valued at approximately $2,139,222. This represents a 2.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold a total of 97,485 shares of company stock worth $81,345 over the last quarter. Insiders own 2.00% of the company's stock.
Hedge Funds Weigh In On LivePerson
Institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC acquired a new position in LivePerson during the first quarter valued at $26,000. Marshall Wace LLP acquired a new position in shares of LivePerson in the 4th quarter valued at about $57,000. Raymond James Financial Inc. acquired a new position in shares of LivePerson in the 4th quarter valued at about $66,000. LPL Financial LLC increased 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 valued at $86,000 after purchasing an additional 33,021 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. increased 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 valued at $112,000 after purchasing an additional 43,804 shares during the period. Hedge funds and other institutional investors own 79.83% of the company's stock.
About LivePerson
(
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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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