Geode Capital Management LLC Sells 81,036 Shares of LivePerson, Inc. (NASDAQ:LPSN)

Geode Capital Management LLC trimmed its stake in LivePerson, Inc. (NASDAQ:LPSN) by 9.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 750,595 shares of the technology company’s stock after selling 81,036 shares during the period. Geode Capital Management LLC’s holdings in LivePerson were worth $961,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in LPSN. Point72 DIFC Ltd acquired a new position in LivePerson during the 2nd quarter valued at about $32,000. Wolverine Trading LLC increased its position in LivePerson by 104.1% during the 3rd 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in LivePerson during the 2nd quarter valued at about $57,000. AQR Capital Management LLC acquired a new position in LivePerson during the 2nd quarter valued at about $159,000. Finally, Los Angeles Capital Management LLC increased its position in LivePerson by 3.0% during 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. 79.83% of the stock is owned by institutional investors.

Insider Activity

In other news, CAO Jeffrey Ford sold 21,935 shares of the company’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $1.14, for a total value of $25,005.90. Following the sale, the chief accounting officer now 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 Securities & Exchange Commission, which is available through the SEC website. Also, CFO John Deneen Collins sold 130,000 shares of the company’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 in the company, valued at $847,963.40. The trade was a 11.53 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 249,783 shares of company stock valued at $228,097. Company insiders own 2.00% of the company’s stock.

LivePerson Stock Up 5.2 %

Shares of LPSN stock opened at $1.42 on Friday. The stock’s 50-day simple moving average is $1.02 and its 200-day simple moving average is $1.08. The company has a debt-to-equity ratio of 10.24, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a market capitalization of $128.17 million, a PE ratio of -0.93 and a beta of 1.59. LivePerson, Inc. has a fifty-two week low of $0.45 and a fifty-two week high of $3.85.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports 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 report 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 research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price 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.