Charles Schwab Investment Management Inc. Raises Stock Position in LivePerson, Inc. $LPSN

Charles Schwab Investment Management Inc. boosted its position in shares of LivePerson, Inc. (NASDAQ:LPSN) by 7.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 398,261 shares of the technology company’s stock after purchasing an additional 26,163 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.44% of LivePerson worth $318,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Marshall Wace LLP purchased a new position in LivePerson during the fourth quarter worth about $57,000. Raymond James Financial Inc. purchased a new stake in shares of LivePerson in the 4th quarter valued at approximately $66,000. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of LivePerson by 146.1% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 73,794 shares of the technology company’s stock valued at $112,000 after acquiring an additional 43,804 shares during the period. Bridgeway Capital Management LLC purchased a new stake in shares of LivePerson in the 4th quarter valued at approximately $152,000. Finally, Two Sigma Advisers LP raised its stake in shares of LivePerson by 42.0% in the 4th quarter. Two Sigma Advisers LP now owns 906,027 shares of the technology company’s stock valued at $1,377,000 after acquiring an additional 267,827 shares during the period. 79.83% of the stock is owned by hedge funds and other institutional investors.

LivePerson Stock Performance

LPSN stock opened at $0.89 on Thursday. The company has a fifty day moving average of $1.01 and a 200-day moving average of $0.90. The stock has a market capitalization of $85.99 million, a PE ratio of -0.45 and a beta of 1.46. LivePerson, Inc. has a one year low of $0.61 and a one year high of $2.08.

Insider Transactions at LivePerson

In other LivePerson news, major shareholder Vector Capital Management, L.P sold 955,412 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $0.99, for a total transaction of $945,857.88. Following the completion of the transaction, the insider directly owned 9,237,053 shares in the company, valued at approximately $9,144,682.47. This trade represents a 9.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Anthony John Sabino sold 68,088 shares of the firm’s stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $0.75, for a total transaction of $51,066.00. Following the transaction, the chief executive officer owned 2,852,296 shares of the company’s stock, valued at $2,139,222. This trade represents a 2.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,012,664 shares of company stock valued at $1,996,054 in the last quarter. Insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on LPSN shares. Needham & Company LLC reissued a “hold” rating on shares of LivePerson in a research note on Thursday, May 8th. Wall Street Zen cut shares of LivePerson from a “hold” rating to a “sell” rating in a report on Saturday, August 16th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $1.00.

LivePerson 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.