Monica L. Greenberg Sells 36,723 Shares of LivePerson, Inc. (LPSN) Stock

LivePerson, Inc. (NASDAQ:LPSN) EVP Monica L. Greenberg sold 36,723 shares of the stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $22.03, for a total value of $809,007.69. Following the sale, the executive vice president now owns 31,604 shares in the company, valued at $696,236.12. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of LPSN stock traded up $0.46 on Thursday, reaching $23.23. The stock had a trading volume of 386,938 shares, compared to its average volume of 460,412. The company has a market cap of $1.35 billion, a P/E ratio of -387.17 and a beta of 1.27. LivePerson, Inc. has a 1 year low of $10.80 and a 1 year high of $27.40.

LPSN has been the topic of several recent analyst reports. BidaskClub downgraded LivePerson from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 3rd. Roth Capital increased their target price on LivePerson to $31.00 and gave the company a “buy” rating in a research note on Tuesday, July 31st. Zacks Investment Research downgraded LivePerson from a “hold” rating to a “sell” rating in a research note on Thursday, October 11th. Needham & Company LLC increased their target price on LivePerson from $20.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. Finally, B. Riley increased their target price on LivePerson from $19.25 to $31.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $26.50.

Hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new position in shares of LivePerson in the 2nd quarter worth $108,000. Bank of Montreal Can purchased a new position in shares of LivePerson in the 2nd quarter worth $139,000. Tower Research Capital LLC TRC purchased a new position in shares of LivePerson in the 2nd quarter worth $156,000. SG Americas Securities LLC purchased a new position in shares of LivePerson in the 2nd quarter worth $165,000. Finally, Engineers Gate Manager LP purchased a new position in shares of LivePerson in the 2nd quarter worth $200,000. Hedge funds and other institutional investors own 80.31% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This piece was originally posted by WKRB News and is the property of of WKRB News. If you are viewing this piece on another domain, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece can be accessed at https://www.wkrb13.com/2018/11/09/monica-l-greenberg-sells-36723-shares-of-liveperson-inc-lpsn-stock.html.

LivePerson Company Profile

LivePerson, Inc provides mobile and online business messaging solutions that power digital communication between brands and consumers. It operates in two segments, Business and Consumer. The Business segment facilitates real-time online interactions, such as chat, voice, and content delivery across multiple channels and screens for corporations of various sizes.

Further Reading: Understanding Price to Earnings Ratio (PE)

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

Receive News & Ratings for LivePerson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LivePerson and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply