LivePerson, Inc. (NASDAQ:LPSN) Director Bruce Edward Hansen Sells 84,944 Shares of Stock

LivePerson, Inc. (NASDAQ:LPSN) Director Bruce Edward Hansen sold 84,944 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $0.85, for a total transaction of $72,202.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

LivePerson Trading Down 4.1 %

Shares of LivePerson stock opened at $0.80 on Friday. LivePerson, Inc. has a 1 year low of $0.45 and a 1 year high of $3.98. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 10.24. The firm has a market capitalization of $72.01 million, a PE ratio of -0.52 and a beta of 1.73. The firm’s 50 day moving average is $1.03 and its 200 day moving average is $1.00.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in LivePerson by 6.4% in the first 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. Squarepoint Ops LLC grew its holdings in LivePerson by 25.8% in the second quarter. Squarepoint Ops LLC now owns 456,251 shares of the technology company’s stock worth $265,000 after purchasing an additional 93,693 shares during the period. Los Angeles Capital Management LLC increased its position in LivePerson by 3.0% in the 2nd quarter. Los Angeles Capital Management LLC now owns 418,396 shares of the technology company’s stock valued at $243,000 after buying an additional 12,273 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of LivePerson by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 402,345 shares of the technology company’s stock valued at $515,000 after acquiring an additional 15,032 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in LivePerson during the third quarter worth $513,000. 79.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

LPSN has been the subject of several research analyst reports. Craig Hallum downgraded LivePerson from a “buy” rating to a “hold” rating and set a $1.00 target price for the company. in a research note on Friday, November 8th. StockNews.com raised LivePerson from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. One analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. Based on data from MarketBeat, LivePerson has an average rating of “Hold” and a consensus price target of $1.25.

LivePerson Company Profile

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.