Discovery Group I LLC trimmed its stake in shares of LivePerson, Inc. (NASDAQ:LPSN) by 44.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,678,999 shares of the technology company’s stock after selling 1,343,471 shares during the quarter. LivePerson makes up 8.7% of Discovery Group I LLC’s investment portfolio, making the stock its 7th largest position. Discovery Group I LLC owned approximately 2.82% of LivePerson worth $22,750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of LPSN. Gilder Gagnon Howe & Co. LLC grew its position in LivePerson by 49.6% during the 3rd quarter. Gilder Gagnon Howe & Co. LLC now owns 2,803,619 shares of the technology company’s stock worth $37,989,000 after acquiring an additional 930,164 shares during the last quarter. Pier Capital LLC bought a new position in LivePerson during the 2nd quarter worth approximately $5,856,000. Castleark Management LLC bought a new position in LivePerson during the 2nd quarter worth approximately $4,775,000. EAM Investors LLC bought a new position in LivePerson during the 2nd quarter worth approximately $4,207,000. Finally, Renaissance Technologies LLC grew its position in shares of LivePerson by 18.8% in the 2nd quarter. Renaissance Technologies LLC now owns 2,102,100 shares of the technology company’s stock worth $23,123,000 after buying an additional 332,300 shares during the last quarter. Institutional investors and hedge funds own 75.85% of the company’s stock.
Shares of LivePerson, Inc. (NASDAQ LPSN) opened at $11.05 on Tuesday. LivePerson, Inc. has a 1 year low of $5.43 and a 1 year high of $15.10.
LivePerson (NASDAQ:LPSN) last issued its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.05 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.05. The firm had revenue of $54.49 million for the quarter, compared to analyst estimates of $54.55 million. LivePerson had a negative return on equity of 4.41% and a negative net margin of 11.07%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the company earned ($0.02) EPS. equities analysts predict that LivePerson, Inc. will post -0.02 EPS for the current fiscal year.
In related news, CEO Robert P. Locascio sold 2,572 shares of LivePerson stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $13.66, for a total transaction of $35,133.52. Following the sale, the chief executive officer now directly owns 76,435 shares in the company, valued at $1,044,102.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Daniel Richard Murphy sold 2,300 shares of LivePerson stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $13.71, for a total value of $31,533.00. Following the sale, the chief financial officer now owns 84,678 shares in the company, valued at $1,160,935.38. The disclosure for this sale can be found here. Insiders have sold 9,374 shares of company stock worth $129,989 over the last 90 days. 11.70% of the stock is currently owned by corporate insiders.
LPSN has been the topic of a number of recent analyst reports. Needham & Company LLC initiated coverage on LivePerson in a research report on Thursday, September 21st. They issued a “buy” rating and a $16.00 price objective on the stock. Benchmark lifted their price objective on LivePerson from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, October 10th. Northland Securities reiterated a “buy” rating and issued a $15.00 price objective on shares of LivePerson in a research report on Friday, September 1st. Zacks Investment Research lowered LivePerson from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Finally, Oppenheimer reiterated a “hold” rating on shares of LivePerson in a research report on Wednesday, August 9th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $15.05.
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LivePerson, Inc (Liveperson) is a provider of mobile and online business messaging technologies that power digital communication between brands and consumers. The Company’s segments include Business and Consumer. The Business segment enables brands to leverage its cloud-based LiveEngage’s intelligence engine.
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