Assenagon Asset Management S.A. acquired a new position in shares of LivePerson, Inc. (NASDAQ:LPSN – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 44,732 shares of the technology company’s stock, valued at approximately $68,000.
A number of other institutional investors also recently bought and sold shares of LPSN. Point72 DIFC Ltd purchased a new position in LivePerson in the 2nd quarter valued at about $32,000. Wolverine Trading LLC raised its position in shares of LivePerson by 104.1% in the third quarter. Wolverine Trading LLC now owns 32,121 shares of the technology company’s stock valued at $40,000 after buying an additional 16,385 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of LivePerson during the second quarter valued at approximately $57,000. AQR Capital Management LLC acquired a new stake in LivePerson during the second quarter worth approximately $159,000. Finally, Squarepoint Ops LLC boosted its position in LivePerson by 25.8% during the second quarter. Squarepoint Ops LLC now owns 456,251 shares of the technology company’s stock worth $265,000 after acquiring an additional 93,693 shares during the last quarter. 79.83% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at LivePerson
In other LivePerson news, CFO John Deneen Collins sold 130,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $0.85, for a total value of $110,500.00. Following the completion of the sale, the chief financial officer now owns 997,604 shares of the company’s stock, valued at $847,963.40. The trade was a 11.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 disclosure for this sale can be found here. Insiders sold 227,848 shares of company stock valued at $203,091 in the last quarter. Company insiders own 9.00% of the company’s stock.
LivePerson Price Performance
LivePerson (NASDAQ:LPSN – Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The technology company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.08). The company had revenue of $74.24 million for the quarter, compared to analyst estimates of $71.56 million. LivePerson had a negative net margin of 18.72% and a negative return on equity of 111.48%. During the same quarter last year, the company posted ($0.08) EPS. On average, equities analysts predict that LivePerson, Inc. will post -0.41 EPS for the current fiscal year.
Analyst Ratings Changes
A number of equities research analysts have recently commented on LPSN shares. Craig Hallum downgraded LivePerson from a “buy” rating to a “hold” rating and set a $1.00 price objective for the company. in a research report on Friday, November 8th. StockNews.com upgraded LivePerson from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. One research analyst has rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $1.25.
Read Our Latest Research Report on LPSN
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.
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