John Deneen Collins Sells 130,000 Shares of LivePerson, Inc. (NASDAQ:LPSN) Stock

LivePerson, Inc. (NASDAQ:LPSN) CFO John Deneen Collins sold 130,000 shares of LivePerson stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $0.85, for a total value of $110,500.00. Following the transaction, the chief financial officer now owns 997,604 shares in the company, valued at approximately $847,963.40. This trade represents a 11.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

John Deneen Collins also recently made the following trade(s):

• On Monday, September 16th, John Deneen Collins sold 85,126 shares of LivePerson stock. The shares were sold at an average price of $1.05, for a total value of $89,382.30.

LivePerson Stock Performance

Shares of LPSN opened at $0.93 on Wednesday. The company has a 50-day moving average of $1.08 and a two-hundred day moving average of $0.99. The stock has a market cap of $83.78 million, a price-to-earnings ratio of -0.61 and a beta of 1.78. The company has a debt-to-equity ratio of 10.24, a current ratio of 1.27 and a quick ratio of 1.27. LivePerson, Inc. has a one year low of $0.45 and a one year high of $3.98.

Institutional Investors Weigh In On LivePerson

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in LivePerson by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 8,656,439 shares of the technology company’s stock valued at $8,634,000 after purchasing an additional 523,694 shares during the period. Quadrature Capital Ltd grew its holdings in shares of LivePerson by 1,633.2% during the first quarter. Quadrature Capital Ltd now owns 205,173 shares of the technology company’s stock valued at $203,000 after buying an additional 193,335 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in LivePerson by 94.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 125,352 shares of the technology company’s stock valued at $126,000 after buying an additional 60,874 shares during the period. Tidal Investments LLC purchased a new stake in LivePerson in the 1st quarter worth about $98,000. Finally, Virtu Financial LLC acquired a new stake in LivePerson during the 1st quarter worth about $143,000. Hedge funds and other institutional investors own 79.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on LPSN shares. Craig Hallum cut shares of LivePerson from a “buy” rating to a “hold” rating and set a $1.00 price target on the stock. in a research report on Friday, November 8th. StockNews.com upgraded shares of LivePerson from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Barclays raised their target price on shares of LivePerson from $0.75 to $1.00 and gave the stock an “underweight” rating in a report on Thursday, August 1st. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of LivePerson in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $1.25.

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.