LivePerson (NASDAQ:LPSN) Stock Price Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• LivePerson's stock has surpassed its 200-day moving average, trading at $1.07 with an average target price of $1.00.
• Recent insider transactions included major shareholder Vector Capital selling 252,776 shares and CEO Anthony John Sabino selling 68,088 shares, indicating a decrease in their respective positions.
• Despite some analysts maintaining a "hold" rating, Wall Street Zen has downgraded the stock to a "sell," reflecting mixed views on LivePerson's future performance.

LivePerson, Inc. (NASDAQ:LPSN - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.92 and traded as high as $1.08. LivePerson shares last traded at $1.07, with a volume of 1,164,637 shares traded.

Analyst Upgrades and Downgrades

LPSN has been the subject of a number of analyst reports. Needham & Company LLC reiterated a "hold" rating on shares of LivePerson in a research report on Thursday, May 8th. Wall Street Zen downgraded shares of LivePerson from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $1.00.

LivePerson Stock Performance

The company has a market cap of $90.05 million, a price-to-earnings ratio of -0.47 and a beta of 1.46. The stock's fifty day moving average is $1.00 and its two-hundred day moving average is $0.90.

Insider Activity

In other news, major shareholder Vector Capital Management, L.P sold 252,776 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $0.98, for a total transaction of $247,720.48. Following the completion of the transaction, the insider directly owned 8,984,277 shares of the company's stock, valued at $8,804,591.46. This represents a 2.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Anthony John Sabino sold 68,088 shares of the stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $0.75, for a total transaction of $51,066.00. Following the transaction, the chief executive officer directly owned 2,852,296 shares of the company's stock, valued at $2,139,222. This represents a 2.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,012,664 shares of company stock valued at $1,996,054. Company insiders own 2.00% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Virtu Financial LLC bought a new position in LivePerson in the 1st quarter worth approximately $26,000. Marshall Wace LLP purchased a new position in LivePerson in the 4th quarter worth $57,000. Raymond James Financial Inc. purchased a new position in LivePerson in the 4th quarter worth $66,000. Point72 Asia Singapore Pte. Ltd. increased its position in shares of LivePerson by 146.1% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 73,794 shares of the technology company's stock valued at $112,000 after acquiring an additional 43,804 shares during the period. Finally, Bridgeway Capital Management LLC purchased a new position in shares of LivePerson in the fourth quarter valued at about $152,000. 79.83% of the stock is owned by institutional investors.

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.