LivePerson, Inc. (NASDAQ:LPSN - Get Free Report) was the recipient of some unusual options trading activity on Wednesday. Investors bought 9,422 call options on the stock. Thisrepresentsanincreaseofapproximately707% compared to the average daily volume of 1,167 call options.
Insider Activity at LivePerson
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 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 in the company, valued at approximately $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 can be accessed through this link. Insiders have sold a total of 97,485 shares of company stock valued at $81,345 in the last ninety days. 2.00% of the stock is owned by company insiders.
Institutional Trading of LivePerson
Several institutional investors and hedge funds have recently made changes to their positions in LPSN. Virtu Financial LLC purchased a new position in LivePerson in the 1st quarter valued at about $26,000. Marshall Wace LLP purchased a new stake in shares of LivePerson in the fourth quarter valued at $57,000. Raymond James Financial Inc. acquired a new position in LivePerson in the fourth quarter valued at $66,000. LPL Financial LLC increased its stake in shares of LivePerson by 140.2% during the 4th quarter. LPL Financial LLC now owns 56,571 shares of the technology company's stock valued at $86,000 after acquiring 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% 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 last quarter. 79.83% of the stock is currently owned by hedge funds and other institutional investors.
LivePerson Trading Up 31.4%
Shares of LPSN stock traded up $0.28 during trading hours on Wednesday, hitting $1.17. The company's stock had a trading volume of 88,071,530 shares, compared to its average volume of 2,358,543. The business has a fifty day moving average of $0.89 and a 200-day moving average of $0.95. LivePerson has a twelve month low of $0.61 and a twelve month high of $2.08. The stock has a market cap of $109.43 million, a price-to-earnings ratio of -0.55 and a beta of 1.61.
Wall Street Analysts Forecast Growth
LPSN has been the topic of a number of research reports. Wall Street Zen cut 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 report on Thursday, May 8th.
Read Our Latest Analysis on LPSN
LivePerson Company Profile
(
Get Free Report)
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.
Further Reading
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