Traders Buy High Volume of LivePerson Call Options (NASDAQ:LPSN)

LivePerson, Inc. (NASDAQ:LPSN) was the target of some unusual options trading on Monday. Traders acquired 9,084 call options on the company. This represents an increase of approximately 456% compared to the average volume of 1,633 call options.

Insider Activity at LivePerson

In other news, CFO John Deneen Collins sold 130,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $0.85, for a total value of $110,500.00. Following the completion of the sale, the chief financial officer now owns 997,604 shares of the company’s stock, valued at approximately $847,963.40. The trade was a 11.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Bruce Edward Hansen sold 84,944 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $0.85, for a total transaction of $72,202.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 236,879 shares of company stock worth $207,708. Company insiders own 9.00% of the company’s stock.

Institutional Investors Weigh In On LivePerson

Several hedge funds and other institutional investors have recently made changes to their positions in LPSN. Squarepoint Ops LLC grew its holdings in shares of LivePerson by 25.8% during the second quarter. Squarepoint Ops LLC now owns 456,251 shares of the technology company’s stock worth $265,000 after purchasing an additional 93,693 shares during the last quarter. Los Angeles Capital Management LLC increased its position in LivePerson by 3.0% in the 2nd quarter. Los Angeles Capital Management LLC now owns 418,396 shares of the technology company’s stock valued at $243,000 after acquiring an additional 12,273 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of LivePerson by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 402,345 shares of the technology company’s stock valued at $515,000 after acquiring an additional 15,032 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of LivePerson during the third quarter valued at $513,000. Finally, AQR Capital Management LLC acquired a new stake in LivePerson in the second quarter valued at $159,000. 79.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LPSN has been the subject of a number of recent analyst reports. Craig Hallum downgraded LivePerson from a “buy” rating to a “hold” rating and set a $1.00 target price for the company. in a research report on Friday, November 8th. StockNews.com raised shares of LivePerson from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. One investment analyst has rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $1.25.

LivePerson Stock Performance

NASDAQ:LPSN opened at $1.35 on Tuesday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 10.24. The firm has a market capitalization of $121.85 million, a PE ratio of -0.88 and a beta of 1.73. LivePerson has a twelve month low of $0.45 and a twelve month high of $3.98. The stock’s 50-day simple moving average is $0.96 and its 200 day simple moving average is $1.03.

About LivePerson

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.