Daniel Richard Murphy Sells 2,318 Shares of LivePerson Inc. (LPSN) Stock
LivePerson Inc. (NASDAQ:LPSN) CFO Daniel Richard Murphy sold 2,318 shares of the company’s stock in a transaction on Tuesday, September 20th. The stock was sold at an average price of $8.18, for a total transaction of $18,961.24. Following the sale, the chief financial officer now directly owns 94,289 shares of the company’s stock, valued at approximately $771,284.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
LivePerson Inc. (NASDAQ:LPSN) opened at 8.45 on Friday. LivePerson Inc. has a 52-week low of $3.74 and a 52-week high of $8.47. The firm has a 50-day moving average of $7.78 and a 200-day moving average of $6.74. The firm’s market cap is $488.22 million.
LivePerson (NASDAQ:LPSN) last announced its quarterly earnings data on Wednesday, July 27th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.03. The firm earned $56.70 million during the quarter, compared to analyst estimates of $56.70 million. LivePerson had a negative net margin of 11.68% and a negative return on equity of 2.86%. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.02 earnings per share. Equities analysts anticipate that LivePerson Inc. will post ($0.05) EPS for the current year.
A number of research firms have recently issued reports on LPSN. Zacks Investment Research raised shares of LivePerson from a “hold” rating to a “buy” rating and set a $8.25 target price for the company in a report on Wednesday, July 13th. Benchmark Co. raised shares of LivePerson from a “hold” rating to a “buy” rating and upped their price objective for the company from $6.00 to $9.00 in a report on Thursday, July 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. LivePerson presently has an average rating of “Hold” and a consensus price target of $9.56.
Several large investors have recently modified their holdings of LPSN. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of LivePerson by 100.0% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,314,492 shares of the company’s stock valued at $21,014,000 after buying an additional 1,657,246 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of LivePerson by 81.4% in the first quarter. Renaissance Technologies LLC now owns 989,800 shares of the company’s stock valued at $5,790,000 after buying an additional 444,200 shares during the last quarter. Granahan Investment Management Inc. MA raised its stake in shares of LivePerson by 12.0% in the first quarter. Granahan Investment Management Inc. MA now owns 2,824,534 shares of the company’s stock valued at $16,524,000 after buying an additional 303,410 shares during the last quarter. Emancipation Management LLC bought a new stake in shares of LivePerson during the second quarter valued at approximately $1,909,000. Finally, Murphy Michael R bought a new stake in shares of LivePerson during the second quarter valued at approximately $1,805,000. Institutional investors own 73.37% of the company’s stock.
LivePerson, Inc (Liveperson) is a provider of mobile and online 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.
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