Insider Selling: LivePerson, Inc. (LPSN) CFO Sells 30,696 Shares of Stock

LivePerson, Inc. (NASDAQ:LPSN) CFO Daniel Richard Murphy sold 30,696 shares of the stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $15.69, for a total value of $481,620.24. Following the transaction, the chief financial officer now owns 100,789 shares of the company’s stock, valued at $1,581,379.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Daniel Richard Murphy also recently made the following trade(s):

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  • On Tuesday, March 20th, Daniel Richard Murphy sold 55,000 shares of LivePerson stock. The stock was sold at an average price of $15.61, for a total value of $858,550.00.
  • On Wednesday, March 7th, Daniel Richard Murphy sold 12,092 shares of LivePerson stock. The stock was sold at an average price of $15.34, for a total value of $185,491.28.
  • On Wednesday, December 20th, Daniel Richard Murphy sold 2,493 shares of LivePerson stock. The stock was sold at an average price of $11.45, for a total value of $28,544.85.

Shares of LivePerson, Inc. (NASDAQ:LPSN) traded down $0.15 during midday trading on Tuesday, reaching $15.40. The company had a trading volume of 299,937 shares, compared to its average volume of 427,297. LivePerson, Inc. has a 1 year low of $6.47 and a 1 year high of $16.00. The firm has a market capitalization of $947.06, a PE ratio of -49.68 and a beta of 0.93.

LivePerson (NASDAQ:LPSN) last issued its quarterly earnings results on Tuesday, February 20th. The technology company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). LivePerson had a negative net margin of 8.31% and a negative return on equity of 3.11%. The company had revenue of $57.39 million for the quarter, compared to analyst estimates of $56.60 million. equities analysts forecast that LivePerson, Inc. will post -0.07 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of LPSN. Ellington Management Group LLC acquired a new position in LivePerson during the fourth quarter valued at approximately $146,000. Miles Capital Inc. acquired a new position in LivePerson during the fourth quarter valued at approximately $169,000. Public Employees Retirement System of Ohio acquired a new position in LivePerson during the third quarter valued at approximately $177,000. Advisor Group Inc. acquired a new position in LivePerson during the third quarter valued at approximately $189,000. Finally, Teacher Retirement System of Texas acquired a new position in LivePerson during the fourth quarter valued at approximately $198,000. 75.78% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently issued reports on LPSN shares. Oppenheimer reiterated a “hold” rating on shares of LivePerson in a report on Friday, January 26th. B. Riley started coverage on LivePerson in a report on Thursday, December 14th. They set a “buy” rating and a $16.50 price objective for the company. BidaskClub upgraded LivePerson from a “hold” rating to a “buy” rating in a report on Saturday, February 17th. Zacks Investment Research downgraded LivePerson from a “hold” rating to a “sell” rating in a report on Thursday, February 22nd. Finally, Northland Securities reiterated a “buy” rating and set a $21.00 price objective on shares of LivePerson in a report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, six 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 an average target price of $16.54.

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About LivePerson

LivePerson, Inc (Liveperson) is a provider of mobile and online business messaging technologies that power digital communication between brands and consumers. The Company’s segments include Business and Consumer. The Business segment enables brands to leverage its cloud-based LiveEngage’s intelligence engine.

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

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