BNP Paribas Arbitrage SA boosted its holdings in shares of LivePerson, Inc. (NASDAQ:LPSN) by 68.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,384 shares of the technology company’s stock after purchasing an additional 11,490 shares during the period. BNP Paribas Arbitrage SA’s holdings in LivePerson were worth $385,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of LivePerson by 5.8% during the first quarter. Vanguard Group Inc. now owns 4,726,285 shares of the technology company’s stock valued at $32,374,000 after acquiring an additional 257,516 shares during the period. Geode Capital Management LLC raised its holdings in shares of LivePerson by 7.7% during the first quarter. Geode Capital Management LLC now owns 417,330 shares of the technology company’s stock valued at $2,858,000 after acquiring an additional 29,813 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in shares of LivePerson by 5.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 207,028 shares of the technology company’s stock valued at $1,419,000 after acquiring an additional 10,944 shares during the period. Bank of America Corp DE raised its holdings in shares of LivePerson by 17.0% during the first quarter. Bank of America Corp DE now owns 95,073 shares of the technology company’s stock valued at $652,000 after acquiring an additional 13,791 shares during the period. Finally, Metropolitan Life Insurance Co. NY raised its holdings in shares of LivePerson by 8.7% during the first quarter. Metropolitan Life Insurance Co. NY now owns 41,285 shares of the technology company’s stock valued at $283,000 after acquiring an additional 3,307 shares during the period. 75.85% of the stock is owned by institutional investors and hedge funds.

LivePerson, Inc. (NASDAQ:LPSN) opened at $11.15 on Monday. LivePerson, Inc. has a 12 month low of $5.43 and a 12 month high of $15.10.

LivePerson (NASDAQ:LPSN) last released its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.05 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.05. The firm had revenue of $54.49 million for the quarter, compared to analyst estimates of $54.55 million. LivePerson had a negative net margin of 11.07% and a negative return on equity of 4.41%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.02) EPS. sell-side analysts expect that LivePerson, Inc. will post -0.02 earnings per share for the current fiscal year.

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC restated a “buy” rating and set a $16.00 price target on shares of LivePerson in a report on Wednesday, November 1st. Ladenburg Thalmann Financial Services restated a “buy” rating and set a $17.50 price target (up previously from $15.00) on shares of LivePerson in a report on Tuesday, October 10th. Northland Securities restated a “buy” rating and set a $15.00 price target on shares of LivePerson in a report on Friday, September 1st. Finally, Benchmark boosted their price target on shares of LivePerson from $14.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, October 10th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $15.05.

In other LivePerson news, CEO Robert P. Locascio sold 2,572 shares of the company’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $13.66, for a total value of $35,133.52. Following the transaction, the chief executive officer now owns 76,435 shares in the company, valued at approximately $1,044,102.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Dustin Dean sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $14.35, for a total transaction of $35,875.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,374 shares of company stock worth $129,989. Company insiders own 11.70% of the company’s stock.

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LivePerson Profile

LivePerson, Inc (Liveperson) is a provider of mobile and online business 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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Institutional Ownership by Quarter for LivePerson (NASDAQ:LPSN)

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