Charles Schwab Investment Management Inc. Trims Stock Position in LivePerson, Inc. (NASDAQ:LPSN)

Charles Schwab Investment Management Inc. decreased its position in LivePerson, Inc. (NASDAQ:LPSN) by 7.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 372,098 shares of the technology company’s stock after selling 30,247 shares during the period. Charles Schwab Investment Management Inc. owned 0.41% of LivePerson worth $566,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in LPSN. SBI Securities Co. Ltd. purchased a new position in LivePerson in the fourth quarter worth approximately $25,000. Wolverine Trading LLC lifted its stake in shares of LivePerson by 104.1% in the 3rd quarter. Wolverine Trading LLC now owns 32,121 shares of the technology company’s stock valued at $40,000 after purchasing an additional 16,385 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of LivePerson in the 4th quarter valued at $68,000. Dodds Wealth LLC purchased a new position in shares of LivePerson during the 4th quarter worth $96,000. Finally, XTX Topco Ltd increased its position in shares of LivePerson by 1,162.0% during the 3rd quarter. XTX Topco Ltd now owns 210,770 shares of the technology company’s stock worth $270,000 after purchasing an additional 194,069 shares during the last quarter. Institutional investors and hedge funds own 79.83% of the company’s stock.

Insider Buying and Selling at LivePerson

In other LivePerson news, CEO Anthony John Sabino sold 111,020 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $0.98, for a total value of $108,799.60. Following the sale, the chief executive officer now owns 3,243,819 shares of the company’s stock, valued at $3,178,942.62. This trade represents a 3.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Vanessa Pegueros sold 30,000 shares of LivePerson stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $0.90, for a total value of $27,000.00. Following the completion of the transaction, the director now owns 139,993 shares of the company’s stock, valued at $125,993.70. The trade was a 17.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 320,137 shares of company stock valued at $305,780 in the last 90 days. Company insiders own 9.00% of the company’s stock.

LivePerson Stock Performance

Shares of LivePerson stock opened at $0.80 on Tuesday. The stock has a market capitalization of $72.97 million, a price-to-earnings ratio of -0.52 and a beta of 1.51. The company has a debt-to-equity ratio of 10.24, a current ratio of 1.27 and a quick ratio of 1.27. The business has a 50-day moving average of $1.13 and a 200 day moving average of $1.10. LivePerson, Inc. has a 12 month low of $0.45 and a 12 month high of $2.08.

LivePerson (NASDAQ:LPSN) last posted its quarterly earnings data on Wednesday, March 5th. The technology company reported ($1.27) EPS for the quarter, missing the consensus estimate of ($0.04) by ($1.23). LivePerson had a negative net margin of 18.72% and a negative return on equity of 111.48%. The business had revenue of $73.21 million during the quarter, compared to analysts’ expectations of $68.12 million. During the same period in the previous year, the business posted ($0.06) EPS. As a group, sell-side analysts forecast that LivePerson, Inc. will post -0.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

LPSN has been the topic of a number of recent analyst reports. StockNews.com cut shares of LivePerson from a “hold” rating to a “sell” rating in a research report on Thursday, March 13th. Needham & Company LLC restated a “hold” rating on shares of LivePerson in a report on Thursday, March 6th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat, LivePerson presently has a consensus rating of “Hold” and a consensus target price of $0.88.

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.