LivePerson (NASDAQ:LPSN) Shares Cross Above 200-Day Moving Average on Insider Selling

Key Points

• LivePerson shares have crossed above their 200-day moving average of $0.93, reaching a trading high of $1.04 amidst significant insider buying activity.
• Wall Street analysts have mixed views on LivePerson, with Needham & Company maintaining a "hold" rating while Wall Street Zen downgraded it to a "sell".
• Institutional investors own 79.83% of LivePerson, with several firms like Virtu Financial and Point72 increasing their stakes significantly in recent quarters.

LivePerson, Inc. (NASDAQ:LPSN - Get Free Report) shares crossed above its 200-day moving average during trading on Friday after an insider bought additional shares in the company. The stock has a 200-day moving average of $0.93 and traded as high as $1.04. LivePerson shares last traded at $0.99, with a volume of 2,194,185 shares traded.

Analyst Upgrades and Downgrades

LPSN has been the topic of several recent research reports. Needham & Company LLC restated a "hold" rating on shares of LivePerson in a report on Thursday, May 8th. Wall Street Zen downgraded LivePerson from a "hold" rating to a "sell" rating in a research note on Saturday.

LivePerson Trading Up 2.4%

The stock has a market capitalization of $97.59 million, a PE ratio of -0.51 and a beta of 1.61. The firm has a 50 day moving average of $0.94 and a two-hundred day moving average of $0.92.

Hedge Funds Weigh In On LivePerson

Several hedge funds have recently bought and sold shares of LPSN. Virtu Financial LLC acquired a new stake in LivePerson during the 1st quarter valued at $26,000. Marshall Wace LLP acquired a new stake in shares of LivePerson during the fourth quarter worth $57,000. Raymond James Financial Inc. acquired a new stake in shares of LivePerson during the fourth quarter worth $66,000. LPL Financial LLC boosted its holdings in shares of LivePerson by 140.2% during the fourth quarter. LPL Financial LLC now owns 56,571 shares of the technology company's stock worth $86,000 after purchasing an additional 33,021 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of LivePerson by 146.1% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 73,794 shares of the technology company's stock worth $112,000 after purchasing an additional 43,804 shares during the last quarter. 79.83% of the stock is owned by hedge funds and other 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.