Investors Purchase High Volume of LivePerson Call Options (NASDAQ:LPSN)

LivePerson, Inc. (NASDAQ:LPSN) was the recipient of unusually large options trading on Wednesday. Traders acquired 9,422 call options on the stock. Thisisanincreaseofapproximately707% compared to the average volume of 1,167 call options.

LivePerson Price Performance

LPSN stock opened at $1.18 on Thursday. LivePerson has a one year low of $0.61 and a one year high of $2.08. The stock has a market cap of $110.74 million, a price-to-earnings ratio of -0.55 and a beta of 1.61. The company has a fifty day moving average price of $0.90 and a two-hundred day moving average price of $0.95.

Insider Buying and Selling at LivePerson

In other news, CEO Anthony John Sabino sold 68,088 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $0.75, for a total value of $51,066.00. Following the completion of the sale, the chief executive officer owned 2,852,296 shares of the company’s stock, valued at approximately $2,139,222. This represents a 2.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders sold 97,485 shares of company stock worth $81,345. 2.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC acquired a new stake in LivePerson during the 1st quarter worth approximately $26,000. Marshall Wace LLP acquired a new stake in shares of LivePerson during the fourth quarter worth $57,000. Raymond James Financial Inc. acquired a new position in shares of LivePerson in the fourth quarter valued at about $66,000. LPL Financial LLC increased its position in LivePerson by 140.2% during the fourth quarter. LPL Financial LLC now owns 56,571 shares of the technology company’s stock worth $86,000 after acquiring an additional 33,021 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. raised its stake in LivePerson by 146.1% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 73,794 shares of the technology company’s stock worth $112,000 after purchasing an additional 43,804 shares in the last quarter. Institutional investors and hedge funds own 79.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Wall Street Zen downgraded shares of LivePerson from a “hold” rating to a “sell” rating in a research report on Wednesday, May 21st. Needham & Company LLC reiterated a “hold” rating on shares of LivePerson in a report on Thursday, May 8th.

LivePerson Company Profile

LivePerson, Inc engages in conversational artificial intelligence. It enables brands to leverage the Conversational Cloud's intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies. The company offers the Conversational Cloud, an enterprise-class digital customer conversation platform, which enables businesses and consumers to connect through conversational channels, such as voice, in-app, and mobile messaging.