Calamos Advisors LLC Sells 3,373,514 Shares of LivePerson, Inc. $LPSN

Calamos Advisors LLC lessened its stake in shares of LivePerson, Inc. (NASDAQ:LPSN) by 99.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,762 shares of the technology company’s stock after selling 3,373,514 shares during the quarter. Calamos Advisors LLC owned approximately 0.14% of LivePerson worth $65,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of LPSN. Raymond James Financial Inc. lifted its holdings in shares of LivePerson by 31.3% during the third quarter. Raymond James Financial Inc. now owns 56,656 shares of the technology company’s stock worth $33,000 after purchasing an additional 13,502 shares during the period. TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new position in shares of LivePerson during the third quarter worth $1,849,000. Vanguard Group Inc. lifted its holdings in shares of LivePerson by 2.7% during the third quarter. Vanguard Group Inc. now owns 3,830,467 shares of the technology company’s stock worth $2,233,000 after purchasing an additional 100,727 shares during the period. Finally, Linden Advisors LP acquired a new position in shares of LivePerson during the third quarter worth $6,489,000. Institutional investors and hedge funds own 79.83% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of LivePerson in a report on Friday, March 27th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce”.

LivePerson Stock Performance

Shares of NASDAQ:LPSN opened at $2.67 on Wednesday. The firm has a market cap of $32.18 million, a PE ratio of -0.20 and a beta of 1.46. LivePerson, Inc. has a 52 week low of $2.37 and a 52 week high of $21.60. The firm’s fifty day moving average is $2.81 and its 200-day moving average is $3.92.

Insider Transactions at LivePerson

In related news, CEO Anthony John Sabino sold 12,594 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $2.72, for a total value of $34,255.68. Following the transaction, the chief executive officer owned 196,171 shares in the company, valued at $533,585.12. The trade was a 6.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 29,717 shares of company stock valued at $77,886 in the last quarter. 2.00% of the stock is owned by insiders.

About LivePerson

LivePerson, Inc is a technology company that develops conversational commerce and customer engagement software powered by artificial intelligence. Its platform enables businesses to connect with consumers through real-time messaging channels, transforming customer support and sales operations into interactive experiences. The company’s solutions are designed to reduce friction, boost consumer satisfaction and drive higher conversion rates by merging automated and human-assisted interactions.

The company’s flagship offering, the LiveEngage platform, provides enterprise-grade tools for managing live chat, chatbots and AI-driven virtual assistants across multiple channels.