Christopher E. Greiner Sells 5,033 Shares of LivePerson, Inc. (LPSN) Stock

Share on StockTwits

LivePerson, Inc. (NASDAQ:LPSN) CFO Christopher E. Greiner sold 5,033 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $29.66, for a total value of $149,278.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NASDAQ LPSN opened at $28.12 on Friday. LivePerson, Inc. has a twelve month low of $15.85 and a twelve month high of $30.28. The company has a market capitalization of $1.80 billion, a PE ratio of -122.26 and a beta of 1.18.

LivePerson (NASDAQ:LPSN) last issued its quarterly earnings results on Thursday, February 21st. The technology company reported ($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.02). LivePerson had a negative net margin of 10.02% and a negative return on equity of 5.56%. The firm had revenue of $65.72 million during the quarter, compared to the consensus estimate of $64.91 million. On average, sell-side analysts predict that LivePerson, Inc. will post -0.48 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of LPSN. BlackRock Inc. increased its holdings in shares of LivePerson by 8.2% in the 3rd quarter. BlackRock Inc. now owns 8,453,719 shares of the technology company’s stock valued at $219,373,000 after acquiring an additional 639,267 shares during the last quarter. Millennium Management LLC increased its holdings in shares of LivePerson by 576.4% in the 4th quarter. Millennium Management LLC now owns 518,954 shares of the technology company’s stock valued at $9,787,000 after acquiring an additional 442,231 shares during the last quarter. Altshuler Shaham Ltd increased its holdings in shares of LivePerson by 75.2% in the 4th quarter. Altshuler Shaham Ltd now owns 915,187 shares of the technology company’s stock valued at $16,971,000 after acquiring an additional 392,679 shares during the last quarter. Vanguard Group Inc increased its holdings in shares of LivePerson by 4.5% in the 3rd quarter. Vanguard Group Inc now owns 5,739,844 shares of the technology company’s stock valued at $148,949,000 after acquiring an additional 247,448 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of LivePerson by 4.5% in the 3rd quarter. Vanguard Group Inc. now owns 5,739,844 shares of the technology company’s stock valued at $148,949,000 after acquiring an additional 247,448 shares during the last quarter. Institutional investors and hedge funds own 80.51% of the company’s stock.

A number of equities analysts have issued reports on the company. Benchmark reaffirmed a “buy” rating and issued a $34.00 target price (up from $30.00) on shares of LivePerson in a research report on Thursday, March 21st. Jefferies Financial Group assumed coverage on LivePerson in a research report on Monday, April 1st. They issued a “buy” rating and a $36.00 target price on the stock. BidaskClub raised LivePerson from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 27th. Piper Jaffray Companies assumed coverage on LivePerson in a research report on Monday, March 25th. They issued an “overweight” rating and a $39.00 target price on the stock. Finally, Barclays assumed coverage on LivePerson in a research report on Friday, March 8th. They issued an “overweight” rating and a $27.45 target price on the stock. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $30.39.

TRADEMARK VIOLATION WARNING: This piece of content was originally posted by Equities Focus and is owned by of Equities Focus. If you are reading this piece of content on another website, it was copied illegally and republished in violation of international copyright and trademark legislation. The original version of this piece of content can be accessed at https://www.equitiesfocus.com/2019/04/20/christopher-e-greiner-sells-5033-shares-of-liveperson-inc-lpsn-stock.html.

LivePerson Company Profile

LivePerson, Inc provides conversational commerce solutions. The company operates in two segments, Business and Consumer. The Business segment enables brands to leverage LiveEngage's intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies.

Featured Story: What is a Leveraged Buyout (LBO)?

Insider Buying and Selling by Quarter for LivePerson (NASDAQ:LPSN)

Receive News & Ratings for LivePerson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LivePerson and related companies with MarketBeat.com's FREE daily email newsletter.