LivePerson, Inc. (LPSN) CEO Sells $68,389.86 in Stock

LivePerson, Inc. (NASDAQ:LPSN) CEO Robert P. Locascio sold 2,373 shares of the stock in a transaction dated Saturday, March 16th. The stock was sold at an average price of $28.82, for a total transaction of $68,389.86. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

LPSN stock opened at $28.12 on Friday. LivePerson, Inc. has a 12 month low of $15.85 and a 12 month high of $30.28.

LivePerson (NASDAQ:LPSN) last released its quarterly earnings data on Thursday, February 21st. The technology company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). LivePerson had a negative net margin of 10.02% and a negative return on equity of 5.56%. The firm had revenue of $65.72 million during the quarter, compared to the consensus estimate of $64.91 million. On average, equities research analysts forecast that LivePerson, Inc. will post -0.48 EPS for the current fiscal year.

A number of equities analysts have weighed in on the stock. Benchmark reiterated a “buy” rating and set a $34.00 target price (up previously from $30.00) on shares of LivePerson in a research report on Thursday, March 21st. Jefferies Financial Group assumed coverage on shares of LivePerson in a research report on Monday, April 1st. They issued a “buy” rating and a $36.00 price objective for the company. BidaskClub upgraded shares of LivePerson from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 27th. Piper Jaffray Companies assumed coverage on shares of LivePerson in a research report on Monday, March 25th. They issued an “overweight” rating and a $39.00 price objective for the company. Finally, Barclays assumed coverage on shares of LivePerson in a research report on Friday, March 8th. They issued an “overweight” rating and a $27.45 price objective for the company. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $30.39.

A number of institutional investors and hedge funds have recently made changes to their positions in LPSN. BlackRock Inc. raised its stake in LivePerson by 8.2% in the third quarter. BlackRock Inc. now owns 8,453,719 shares of the technology company’s stock valued at $219,373,000 after purchasing an additional 639,267 shares in the last quarter. Millennium Management LLC raised its stake in LivePerson by 576.4% in the fourth quarter. Millennium Management LLC now owns 518,954 shares of the technology company’s stock valued at $9,787,000 after purchasing an additional 442,231 shares in the last quarter. Altshuler Shaham Ltd raised its stake in LivePerson by 75.2% in the fourth quarter. Altshuler Shaham Ltd now owns 915,187 shares of the technology company’s stock valued at $16,971,000 after purchasing an additional 392,679 shares in the last quarter. Vanguard Group Inc raised its stake in LivePerson by 4.5% in the third quarter. Vanguard Group Inc now owns 5,739,844 shares of the technology company’s stock valued at $148,949,000 after purchasing an additional 247,448 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in LivePerson by 4.5% in the third quarter. Vanguard Group Inc. now owns 5,739,844 shares of the technology company’s stock valued at $148,949,000 after purchasing an additional 247,448 shares in the last quarter. 80.51% of the stock is currently owned by institutional investors and hedge funds.

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About LivePerson

LivePerson, Inc provides conversational commerce solutions. The company operates in two segments, Business and Consumer. The Business segment enables brands to leverage LiveEngage's intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies.

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