LivePerson, Inc. (LPSN) Insider Eran Vanounou Sells 25,900 Shares
LivePerson, Inc. (NASDAQ:LPSN) insider Eran Vanounou sold 25,900 shares of the company’s stock in a transaction on Wednesday, May 30th. The shares were sold at an average price of $19.38, for a total transaction of $501,942.00. Following the completion of the transaction, the insider now owns 67,420 shares of the company’s stock, valued at approximately $1,306,599.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Eran Vanounou also recently made the following trade(s):
- On Friday, May 25th, Eran Vanounou sold 20,000 shares of LivePerson stock. The shares were sold at an average price of $18.96, for a total transaction of $379,200.00.
- On Monday, May 21st, Eran Vanounou sold 12,580 shares of LivePerson stock. The shares were sold at an average price of $19.06, for a total transaction of $239,774.80.
- On Thursday, May 17th, Eran Vanounou sold 16,776 shares of LivePerson stock. The shares were sold at an average price of $18.49, for a total transaction of $310,188.24.
- On Thursday, May 10th, Eran Vanounou sold 40,000 shares of LivePerson stock. The shares were sold at an average price of $18.21, for a total transaction of $728,400.00.
Shares of NASDAQ:LPSN opened at $19.50 on Friday. LivePerson, Inc. has a one year low of $9.90 and a one year high of $19.70. The stock has a market capitalization of $1.18 billion, a PE ratio of -325.00 and a beta of 0.87.
LivePerson (NASDAQ:LPSN) last announced its earnings results on Thursday, May 3rd. The technology company reported $0.01 EPS for the quarter. LivePerson had a negative net margin of 6.95% and a negative return on equity of 2.89%. The business had revenue of $58.24 million during the quarter, compared to analysts’ expectations of $57.22 million. During the same period in the prior year, the company earned $0.01 earnings per share. The business’s revenue was up 14.4% compared to the same quarter last year. sell-side analysts anticipate that LivePerson, Inc. will post -0.05 EPS for the current fiscal year.
Several equities analysts have issued reports on the stock. Needham & Company LLC restated a “buy” rating and issued a $18.00 price objective on shares of LivePerson in a research note on Friday, March 16th. ValuEngine raised shares of LivePerson from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 2nd. Zacks Investment Research raised shares of LivePerson from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 25th. Northland Securities reaffirmed a “buy” rating and issued a $21.00 target price on shares of LivePerson in a report on Friday, February 23rd. Finally, B. Riley upped their target price on shares of LivePerson to $19.00 and gave the company a “buy” rating in a report on Thursday, March 15th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $17.64.
Several large investors have recently made changes to their positions in LPSN. Ellington Management Group LLC purchased a new stake in shares of LivePerson in the fourth quarter valued at about $146,000. Miles Capital Inc. purchased a new position in LivePerson during the fourth quarter worth about $169,000. Profund Advisors LLC purchased a new position in LivePerson during the first quarter worth about $170,000. Teacher Retirement System of Texas purchased a new position in LivePerson during the fourth quarter worth about $198,000. Finally, Algert Global LLC purchased a new position in LivePerson during the first quarter worth about $214,000. 76.68% of the stock is owned by institutional investors and hedge funds.
LivePerson, Inc provides mobile and online business messaging solutions that power digital communication between brands and consumers. It operates in two segments, Business and Consumer. The Business segment facilitates real-time online interactions, such as chat, voice, and content delivery across multiple channels and screens for corporations of various sizes.