LivePerson, Inc. (NASDAQ:LPSN - Get Free Report) major shareholder Vector Capital Management, L.P sold 252,776 shares of LivePerson stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $0.98, for a total transaction of $247,720.48. Following the sale, the insider owned 8,984,277 shares of the company's stock, valued at approximately $8,804,591.46. This represents a 2.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Vector Capital Management, L.P also recently made the following trade(s):
- On Wednesday, August 13th, Vector Capital Management, L.P sold 955,412 shares of LivePerson stock. The shares were sold at an average price of $0.99, for a total transaction of $945,857.88.
LivePerson Price Performance
Shares of NASDAQ LPSN traded down $0.06 during midday trading on Thursday, hitting $0.95. The company's stock had a trading volume of 1,889,047 shares, compared to its average volume of 7,972,699. The business's fifty day simple moving average is $0.94 and its two-hundred day simple moving average is $0.94. LivePerson, Inc. has a 1 year low of $0.61 and a 1 year high of $2.08. The firm has a market capitalization of $88.89 million, a price-to-earnings ratio of -0.47 and a beta of 1.61.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Two Sigma Advisers LP lifted its stake 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 acquiring an additional 267,827 shares during the last quarter. XTX Topco Ltd purchased a new position in LivePerson in the second quarter worth approximately $246,000. Bridgeway Capital Management LLC purchased a new position in LivePerson in the fourth quarter worth approximately $152,000. Point72 Asia Singapore Pte. Ltd. lifted its stake 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 acquiring an additional 43,804 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in LivePerson in the fourth quarter worth approximately $66,000. Hedge funds and other institutional investors own 79.83% of the company's stock.
Analysts Set New Price Targets
LPSN has been the subject of a number of recent analyst reports. Wall Street Zen cut shares of LivePerson from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Needham & Company LLC reissued a "hold" rating on shares of LivePerson in a research note on Thursday, May 8th.
Get Our Latest Research Report on LPSN
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.
Further Reading
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