Stock Traders Buy High Volume of Call Options on LivePerson (NASDAQ:LPSN)

LivePerson, Inc. (NASDAQ:LPSN) was the recipient of unusually large options trading on Monday. Investors bought 9,084 call options on the company. This represents an increase of 456% compared to the typical volume of 1,633 call options.

Insider Buying and Selling

In related news, CAO Jeffrey Ford sold 21,935 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $1.14, for a total value of $25,005.90. Following the transaction, the chief accounting officer now directly owns 378,707 shares in the company, valued at $431,725.98. This represents a 5.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Bruce Edward Hansen sold 84,944 shares of LivePerson 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 disclosure for this sale can be found here. Insiders sold a total of 236,879 shares of company stock worth $207,708 over the last three months. 9.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On LivePerson

Several large investors have recently made changes to their positions in LPSN. Wolverine Trading LLC boosted its stake in LivePerson by 104.1% in the 3rd quarter. Wolverine Trading LLC now owns 32,121 shares of the technology company’s stock worth $40,000 after purchasing an additional 16,385 shares during the period. Point72 DIFC Ltd bought a new stake in shares of LivePerson in the second quarter valued at about $32,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of LivePerson during the second quarter worth about $57,000. XTX Topco Ltd grew its holdings in shares of LivePerson by 1,162.0% during the third quarter. XTX Topco Ltd now owns 210,770 shares of the technology company’s stock worth $270,000 after buying an additional 194,069 shares in the last quarter. Finally, AQR Capital Management LLC acquired a new stake in LivePerson in the 2nd quarter valued at approximately $159,000. Institutional investors own 79.83% of the company’s stock.

LivePerson Stock Up 22.2 %

Shares of LPSN traded up $0.21 on Monday, hitting $1.17. The company’s stock had a trading volume of 11,213,159 shares, compared to its average volume of 2,821,786. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 10.24. The firm has a market capitalization of $105.60 million, a price-to-earnings ratio of -0.76 and a beta of 1.73. The firm’s fifty day moving average price is $0.96 and its 200-day moving average price is $1.02. LivePerson has a fifty-two week low of $0.45 and a fifty-two week high of $3.98.

Analyst Ratings Changes

Several research firms have weighed in on LPSN. Craig Hallum lowered LivePerson from a “buy” rating to a “hold” rating and set a $1.00 target price on the stock. in a research note on Friday, November 8th. StockNews.com raised shares of LivePerson from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. One investment analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat, LivePerson presently has an average rating of “Hold” and an average 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.