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

LivePerson, Inc. (NASDAQ:LPSN - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.98 and traded as high as $1.12. LivePerson shares last traded at $1.09, with a volume of 1,119,705 shares.

Analysts Set New Price Targets

Several equities research analysts have commented on LPSN shares. Wall Street Zen downgraded LivePerson from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Needham & Company LLC restated a "hold" rating on shares of LivePerson in a research note on Thursday, May 8th.

LivePerson Price Performance

The company has a 50 day moving average price of $0.82 and a two-hundred day moving average price of $0.99. The stock has a market cap of $101.36 million, a PE ratio of -0.50 and a beta of 1.62.

Insider Buying and Selling

In other LivePerson news, CEO Anthony John Sabino sold 68,088 shares of the company's stock in a transaction dated Monday, June 16th. The stock was 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 owned 2,852,296 shares in the company, valued at $2,139,222. This represents a 2.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold a total of 71,059 shares of company stock worth $53,146 in the last three months. 2.00% of the stock is currently owned by corporate insiders.

Institutional Trading of LivePerson

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Two Sigma Advisers LP increased its position in LivePerson by 42.0% in the fourth quarter. Two Sigma Advisers LP now owns 906,027 shares of the technology company's stock worth $1,377,000 after buying an additional 267,827 shares in the last quarter. Geode Capital Management LLC increased its position in LivePerson by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 772,587 shares of the technology company's stock worth $1,175,000 after buying an additional 21,992 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in LivePerson by 7.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 398,261 shares of the technology company's stock worth $318,000 after buying an additional 26,163 shares in the last quarter. Bridgeway Capital Management LLC purchased a new stake in LivePerson in the fourth quarter worth about $152,000. Finally, Point72 Asia Singapore Pte. Ltd. increased its position in LivePerson by 146.1% in the fourth 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 in the last quarter. Hedge funds and other institutional investors own 79.83% of the company's stock.

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.