LivePerson, Inc. (LPSN) EVP Alexander Spinelli Sells 15,080 Shares

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LivePerson, Inc. (NASDAQ:LPSN) EVP Alexander Spinelli sold 15,080 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $27.30, for a total transaction of $411,684.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

NASDAQ LPSN opened at $28.12 on Friday. LivePerson, Inc. has a 12 month low of $15.85 and a 12 month high of $30.28. The stock has a market cap of $1.88 billion, a PE ratio of -122.26 and a beta of 1.18.

LivePerson (NASDAQ:LPSN) last posted its quarterly earnings data on Thursday, February 21st. The technology company reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate 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 company had revenue of $65.72 million for the quarter, compared to analyst estimates of $64.91 million. Sell-side analysts forecast that LivePerson, Inc. will post -0.48 earnings per share for the current year.

Several large investors have recently modified their holdings of the company. Piedmont Investment Advisors Inc. grew its holdings in shares of LivePerson by 5.0% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 13,894 shares of the technology company’s stock worth $262,000 after purchasing an additional 659 shares during the period. State of Alaska Department of Revenue grew its holdings in shares of LivePerson by 5.1% during the 4th quarter. State of Alaska Department of Revenue now owns 19,508 shares of the technology company’s stock worth $367,000 after purchasing an additional 948 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of LivePerson by 26.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,866 shares of the technology company’s stock worth $92,000 after purchasing an additional 1,029 shares during the period. Comerica Bank grew its holdings in shares of LivePerson by 2.0% during the 4th quarter. Comerica Bank now owns 56,725 shares of the technology company’s stock worth $1,271,000 after purchasing an additional 1,099 shares during the period. Finally, Thrivent Financial for Lutherans grew its holdings in shares of LivePerson by 5.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 41,129 shares of the technology company’s stock worth $776,000 after purchasing an additional 2,037 shares during the period. Institutional investors and hedge funds own 80.51% of the company’s stock.

Several research analysts recently weighed in on the stock. Piper Jaffray Companies assumed coverage on shares of LivePerson in a research note on Monday, March 25th. They issued an “overweight” rating and a $39.00 target price for the company. BidaskClub downgraded shares of LivePerson from a “buy” rating to a “hold” rating in a research note on Friday. Oppenheimer raised shares of LivePerson from a “market perform” rating to an “outperform” rating and set a $31.00 target price for the company in a research note on Thursday, January 24th. Zacks Investment Research downgraded shares of LivePerson from a “hold” rating to a “sell” rating in a research note on Friday, January 25th. Finally, Benchmark reaffirmed a “buy” rating and set a $34.00 price objective (up previously from $30.00) on shares of LivePerson in a research note on Thursday, March 21st. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $30.39.

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LivePerson Company Profile

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.

Further Reading: Trading based on a resistance level

Insider Buying and Selling by Quarter for LivePerson (NASDAQ:LPSN)

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