LivePerson (NASDAQ:LPSN) CEO Anthony John Sabino Sells 7,844 Shares

LivePerson, Inc. (NASDAQ:LPSN) CEO Anthony John Sabino sold 7,844 shares of LivePerson stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $2.57, for a total transaction of $20,159.08. Following the transaction, the chief executive officer directly owned 180,294 shares in the company, valued at $463,355.58. This represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, March 23rd, Anthony John Sabino sold 8,033 shares of LivePerson stock. The stock was sold at an average price of $2.50, for a total transaction of $20,082.50.
• On Tuesday, March 17th, Anthony John Sabino sold 12,594 shares of LivePerson stock. The stock was sold at an average price of $2.72, for a total value of $34,255.68.

LivePerson Price Performance

Shares of NASDAQ LPSN traded up $0.02 during mid-day trading on Thursday, reaching $2.59. 49,887 shares of the company’s stock were exchanged, compared to its average volume of 153,811. The firm has a 50-day moving average price of $2.86 and a two-hundred day moving average price of $4.78. The firm has a market capitalization of $31.21 million, a price-to-earnings ratio of -0.20 and a beta of 1.46. LivePerson, Inc. has a 52 week low of $2.37 and a 52 week high of $21.60.

Hedge Funds Weigh In On LivePerson

Hedge funds have recently made changes to their positions in the stock. 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 stake in LivePerson in the 4th quarter worth approximately $65,000. XTX Topco Ltd bought a new position in shares of LivePerson during the 2nd quarter valued at $246,000. Quadrature Capital Ltd bought a new stake in shares of LivePerson in the 4th quarter valued at about $253,000. Finally, Aequim Alternative Investments LP purchased a new stake in shares of LivePerson during the fourth quarter valued at approximately $469,000. 79.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of LivePerson in a research report on Friday, March 27th. One 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.com, 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.