Insider Selling: LivePerson, Inc. (NASDAQ:LPSN) Major Shareholder Sells 706,991 Shares of Stock

LivePerson, Inc. (NASDAQ:LPSN - Get Free Report) major shareholder Vector Capital Management, L.P sold 706,991 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $1.02, for a total transaction of $721,130.82. Following the transaction, the insider owned 10,192,465 shares in the company, valued at approximately $10,396,314.30. This represents a 6.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Vector Capital Management, L.P also recently made the following trade(s):

• On Thursday, August 14th, Vector Capital Management, L.P sold 252,776 shares of LivePerson stock. The stock was sold at an average price of $0.98, for a total transaction of $247,720.48.
• On Wednesday, August 13th, Vector Capital Management, L.P sold 955,412 shares of LivePerson stock. The stock was sold at an average price of $0.99, for a total transaction of $945,857.88.

LivePerson Price Performance

Shares of LPSN stock opened at $0.99 on Friday. The firm's 50-day moving average is $0.94 and its two-hundred day moving average is $0.93. The company has a market capitalization of $92.61 million, a PE ratio of -0.49 and a beta of 1.61. LivePerson, Inc. has a 12 month low of $0.61 and a 12 month high of $2.08.

Institutional Investors Weigh In On LivePerson

A number of institutional investors and hedge funds have recently made changes to their positions in LPSN. Two Sigma Advisers LP grew its holdings in shares of LivePerson by 42.0% in the fourth quarter. Two Sigma Advisers LP now owns 906,027 shares of the technology company's stock valued at $1,377,000 after purchasing an additional 267,827 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of LivePerson during the 2nd quarter worth approximately $246,000. Bridgeway Capital Management LLC purchased a new stake in shares of LivePerson during the 4th quarter worth approximately $152,000. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of LivePerson by 146.1% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 73,794 shares of the technology company's stock worth $112,000 after buying an additional 43,804 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of LivePerson during the 4th quarter worth approximately $66,000. 79.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LPSN has been the topic of several research analyst reports. Wall Street Zen lowered shares of LivePerson from a "hold" rating to a "sell" rating in a research report on Saturday. Needham & Company LLC reissued a "hold" rating on shares of LivePerson in a research note on Thursday, May 8th.

Check Out Our Latest Stock Report on LivePerson

About LivePerson

(Get Free Report)

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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