LivePerson (NASDAQ:LPSN) CEO Sells $34,255.68 in Stock

LivePerson, Inc. (NASDAQ:LPSN) CEO Anthony John Sabino sold 12,594 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $2.72, for a total transaction of $34,255.68. Following the completion of the sale, the chief executive officer directly owned 196,171 shares in the company, valued at $533,585.12. This trade represents a 6.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

LivePerson Price Performance

Shares of LPSN opened at $2.66 on Friday. LivePerson, Inc. has a 1-year low of $2.53 and a 1-year high of $21.60. The stock has a market cap of $32.05 million, a price-to-earnings ratio of -0.20 and a beta of 1.42. The firm has a 50 day simple moving average of $3.02 and a 200-day simple moving average of $5.55.

Analyst Ratings Changes

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

Institutional Trading of LivePerson

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. lifted its holdings in shares of LivePerson by 31.3% during the 3rd quarter. Raymond James Financial Inc. now owns 56,656 shares of the technology company’s stock worth $33,000 after acquiring an additional 13,502 shares during the period. Price T Rowe Associates Inc. MD acquired a new position in LivePerson during the fourth quarter worth approximately $65,000. Quadrature Capital Ltd purchased a new position in LivePerson during the fourth quarter worth approximately $253,000. Vanguard Group Inc. boosted its holdings in shares of LivePerson by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 3,830,467 shares of the technology company’s stock valued at $2,233,000 after purchasing an additional 100,727 shares during the last quarter. Finally, Aequim Alternative Investments LP purchased a new stake in shares of LivePerson during the 4th quarter valued at $469,000. Hedge funds and other institutional investors own 79.83% of the company’s stock.

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.