LivePerson Inc. (NASDAQ:LPSN) CEO Robert P. Locascio sold 2,581 shares of LivePerson stock in a transaction on Tuesday, September 20th. The stock was sold at an average price of $8.16, for a total transaction of $21,060.96. Following the completion of the transaction, the chief executive officer now directly owns 87,120 shares of the company’s stock, valued at approximately $710,899.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of LivePerson Inc. (NASDAQ:LPSN) traded up 2.56% during trading on Wednesday, hitting $8.40. 279,415 shares of the stock traded hands. The company’s market cap is $485.34 million. LivePerson Inc. has a 52 week low of $3.74 and a 52 week high of $8.43. The firm’s 50-day moving average price is $7.73 and its 200-day moving average price is $6.73.

LivePerson (NASDAQ:LPSN) last issued its quarterly earnings results on Wednesday, July 27th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.03. LivePerson had a negative return on equity of 2.86% and a negative net margin of 11.68%. The business had revenue of $56.70 million for the quarter, compared to analyst estimates of $56.70 million. During the same quarter last year, the firm earned $0.02 earnings per share. The firm’s quarterly revenue was down 4.4% compared to the same quarter last year. On average, equities research analysts anticipate that LivePerson Inc. will post ($0.05) earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of LPSN. Bogle Investment Management L P DE acquired a new position in shares of LivePerson during the first quarter worth approximately $1,017,000. RGM Capital LLC raised its position in shares of LivePerson by 4.6% in the first quarter. RGM Capital LLC now owns 4,818,620 shares of the company’s stock worth $28,189,000 after buying an additional 210,433 shares during the period. Acadian Asset Management LLC acquired a new position in shares of LivePerson during the second quarter worth approximately $932,000. Metropolitan Life Insurance Co. NY raised its position in shares of LivePerson by 5.0% in the first quarter. Metropolitan Life Insurance Co. NY now owns 44,281 shares of the company’s stock worth $259,000 after buying an additional 2,124 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of LivePerson by 81.4% in the first quarter. Renaissance Technologies LLC now owns 989,800 shares of the company’s stock worth $5,790,000 after buying an additional 444,200 shares during the period. Institutional investors own 73.37% of the company’s stock.

A number of equities analysts have commented on the stock. Zacks Investment Research raised shares of LivePerson from a “hold” rating to a “buy” rating and set a $8.25 price objective 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 lifted their price objective for the stock 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 given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $9.56.

About LivePerson

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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