Goldman Sachs Group Inc. Sells 18,185 Shares of LivePerson, Inc. $LPSN

Goldman Sachs Group Inc. cut its holdings in shares of LivePerson, Inc. (NASDAQ:LPSN) by 8.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 208,887 shares of the technology company’s stock after selling 18,185 shares during the period. Goldman Sachs Group Inc. owned about 0.22% of LivePerson worth $167,000 at the end of the most recent quarter.

Separately, Charles Schwab Investment Management Inc. increased its holdings in shares of LivePerson by 7.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 398,261 shares of the technology company’s stock worth $318,000 after buying an additional 26,163 shares in the last quarter. Institutional investors and hedge funds own 79.83% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of LivePerson from a “hold” rating to a “sell” rating in a report on Saturday, September 13th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $1.00.

LivePerson Stock Down 2.8%

NASDAQ LPSN opened at $0.63 on Tuesday. The company has a market capitalization of $60.69 million, a price-to-earnings ratio of -0.31 and a beta of 1.46. LivePerson, Inc. has a twelve month low of $0.51 and a twelve month high of $2.08. The stock has a fifty day simple moving average of $0.93 and a 200 day simple moving average of $0.87.

Insider Buying and Selling at LivePerson

In other LivePerson news, CEO Anthony John Sabino sold 96,062 shares of the company’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $0.69, for a total transaction of $66,282.78. Following the sale, the chief executive officer owned 2,756,234 shares of the company’s stock, valued at approximately $1,901,801.46. This represents a 3.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Vector Capital Management, L.P sold 252,776 shares of the company’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $0.98, for a total transaction of $247,720.48. Following the sale, the insider directly owned 8,984,277 shares in the company, valued at $8,804,591.46. This trade represents a 2.74% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,703,495 shares of company stock valued at $2,431,033. 2.00% of the stock is owned by corporate insiders.

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.