Principal Financial Group Inc. trimmed its position in shares of LivePerson, Inc. (NASDAQ:LPSN – Free Report) by 2.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 422,665 shares of the technology company’s stock after selling 8,938 shares during the period. Principal Financial Group Inc. owned approximately 0.56% of LivePerson worth $1,864,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in LPSN. PNC Financial Services Group Inc. increased its holdings in shares of LivePerson by 36.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,236 shares of the technology company’s stock worth $103,000 after buying an additional 1,141 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of LivePerson during the 1st quarter worth $1,018,000. MetLife Investment Management LLC increased its holdings in shares of LivePerson by 58.4% during the 1st quarter. MetLife Investment Management LLC now owns 35,288 shares of the technology company’s stock worth $862,000 after buying an additional 13,016 shares during the last quarter. Rhumbline Advisers increased its holdings in LivePerson by 7.8% in the 1st quarter. Rhumbline Advisers now owns 166,716 shares of the technology company’s stock valued at $4,071,000 after purchasing an additional 12,032 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in LivePerson by 16.9% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 58,160 shares of the technology company’s stock valued at $1,420,000 after purchasing an additional 8,421 shares in the last quarter. 73.53% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, CFO John Deneen Collins sold 21,275 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $4.78, for a total transaction of $101,694.50. Following the sale, the chief financial officer now owns 172,488 shares in the company, valued at $824,492.64. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other LivePerson news, CFO John Deneen Collins sold 21,275 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $4.78, for a total value of $101,694.50. Following the sale, the chief financial officer now owns 172,488 shares in the company, valued at $824,492.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Monica L. Greenberg sold 7,782 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $4.78, for a total transaction of $37,197.96. Following the completion of the sale, the executive vice president now owns 101,079 shares in the company, valued at approximately $483,157.62. The disclosure for this sale can be found here. Insiders have sold a total of 32,414 shares of company stock worth $154,939 over the last quarter. 9.00% of the stock is owned by company insiders.
LivePerson Price Performance
LivePerson (NASDAQ:LPSN – Get Free Report) last released its quarterly earnings data on Tuesday, August 8th. The technology company reported $0.21 earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.38. The firm had revenue of $97.52 million for the quarter, compared to analyst estimates of $96.89 million. LivePerson had a negative net margin of 20.03% and a negative return on equity of 83.26%. As a group, sell-side analysts expect that LivePerson, Inc. will post 0.03 earnings per share for the current year.
Analyst Ratings Changes
LPSN has been the subject of several recent research reports. Roth Mkm upgraded LivePerson from a “neutral” rating to a “buy” rating and set a $6.00 price target for the company in a report on Wednesday, August 9th. StockNews.com assumed coverage on shares of LivePerson in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Mizuho decreased their price objective on shares of LivePerson from $7.00 to $6.00 in a research report on Thursday, May 11th. Craig Hallum raised shares of LivePerson from a “hold” rating to a “buy” rating and upped their price objective for the company from $5.00 to $7.00 in a research report on Wednesday, August 9th. Finally, Roth Capital raised shares of LivePerson from a “neutral” rating to a “buy” rating in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $6.78.
View Our Latest Report on LivePerson
LivePerson Profile
LivePerson, Inc engages in conversational artificial intelligence. It operates in two segments, Business and Consumer. The Business segment 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.
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