Insider Selling: LivePerson (NASDAQ:LPSN) CEO Sells 8,033 Shares of Stock

LivePerson, Inc. (NASDAQ:LPSN) CEO Anthony John Sabino sold 8,033 shares of the company’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $2.50, for a total transaction of $20,082.50. Following the completion of the transaction, the chief executive officer directly owned 188,138 shares in the company, valued at $470,345. This trade represents a 4.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Anthony John Sabino also recently made the following trade(s):

• On Tuesday, March 17th, Anthony John Sabino sold 12,594 shares of LivePerson stock. The shares were sold at an average price of $2.72, for a total value of $34,255.68.

LivePerson Price Performance

LPSN traded up $0.09 during trading on Wednesday, reaching $2.56. 140,355 shares of the stock traded hands, compared to its average volume of 155,848. The stock’s 50-day simple moving average is $2.94 and its two-hundred day simple moving average is $5.20. LivePerson, Inc. has a fifty-two week low of $2.39 and a fifty-two week high of $21.60. The stock has a market cap of $30.85 million, a price-to-earnings ratio of -0.20 and a beta of 1.42.

Institutional Investors Weigh In On LivePerson

A number of hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. boosted its position in shares of LivePerson by 31.3% in the third quarter. Raymond James Financial Inc. now owns 56,656 shares of the technology company’s stock valued at $33,000 after acquiring an additional 13,502 shares during the period. Price T Rowe Associates Inc. MD bought a new position in LivePerson during the fourth quarter worth $65,000. XTX Topco Ltd acquired a new position in LivePerson during the 2nd quarter valued at $246,000. Quadrature Capital Ltd acquired a new position in LivePerson during the 4th quarter valued at $253,000. Finally, Aequim Alternative Investments LP bought a new stake in LivePerson in the 4th quarter valued at $469,000. 79.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of LivePerson in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, LivePerson currently has a consensus rating of “Reduce”.

LivePerson Company Profile

LivePerson, Inc is a technology company that develops conversational commerce and customer engagement software powered by artificial intelligence. Its platform enables businesses to connect with consumers through real-time messaging channels, transforming customer support and sales operations into interactive experiences. The company’s solutions are designed to reduce friction, boost consumer satisfaction and drive higher conversion rates by merging automated and human-assisted interactions.

The company’s flagship offering, the LiveEngage platform, provides enterprise-grade tools for managing live chat, chatbots and AI-driven virtual assistants across multiple channels.