LivePerson, Inc. (LPSN) Position Boosted by California Public Employees Retirement System

California Public Employees Retirement System boosted its position in LivePerson, Inc. (NASDAQ:LPSN) by 14.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 109,558 shares of the technology company’s stock after buying an additional 13,858 shares during the period. California Public Employees Retirement System’s holdings in LivePerson were worth $2,312,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in LPSN. Sei Investments Co. raised its holdings in shares of LivePerson by 143,620.0% during the second quarter. Sei Investments Co. now owns 50,302 shares of the technology company’s stock valued at $1,062,000 after purchasing an additional 50,267 shares during the period. Janus Henderson Group PLC acquired a new position in shares of LivePerson during the second quarter valued at about $16,735,000. Rhumbline Advisers raised its holdings in shares of LivePerson by 7.5% during the second quarter. Rhumbline Advisers now owns 134,848 shares of the technology company’s stock valued at $2,845,000 after purchasing an additional 9,400 shares during the period. Pinebridge Investments L.P. acquired a new position in shares of LivePerson during the second quarter valued at about $1,285,000. Finally, Principal Financial Group Inc. raised its holdings in shares of LivePerson by 2.4% during the first quarter. Principal Financial Group Inc. now owns 419,748 shares of the technology company’s stock valued at $6,863,000 after purchasing an additional 9,955 shares during the period. Institutional investors and hedge funds own 79.81% of the company’s stock.

In other LivePerson news, SVP Daryl Carlough sold 10,000 shares of the company’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $24.01, for a total value of $240,100.00. Following the completion of the sale, the senior vice president now directly owns 23,154 shares of the company’s stock, valued at approximately $555,927.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert P. Locascio sold 2,567 shares of the company’s stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $26.55, for a total transaction of $68,153.85. Following the completion of the sale, the chief executive officer now directly owns 316,239 shares of the company’s stock, valued at $8,396,145.45. The disclosure for this sale can be found here. Insiders sold a total of 15,256 shares of company stock worth $379,647 in the last 90 days. 11.50% of the stock is currently owned by company insiders.



LPSN opened at $21.05 on Tuesday. LivePerson, Inc. has a fifty-two week low of $10.80 and a fifty-two week high of $27.40. The stock has a market capitalization of $1.31 billion, a P/E ratio of -350.83 and a beta of 1.12.

LivePerson (NASDAQ:LPSN) last posted its earnings results on Wednesday, August 1st. The technology company reported $0.01 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.01. LivePerson had a negative net margin of 7.06% and a negative return on equity of 3.34%. The company had revenue of $61.66 million for the quarter, compared to analyst estimates of $59.46 million. During the same quarter in the prior year, the business posted $0.01 EPS. The firm’s revenue was up 14.0% compared to the same quarter last year. Analysts expect that LivePerson, Inc. will post -0.08 earnings per share for the current fiscal year.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of LivePerson from a “hold” rating to a “sell” rating in a report on Thursday, October 11th. BidaskClub lowered shares of LivePerson from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. B. Riley upped their target price on shares of LivePerson from $19.25 to $31.00 and gave the stock a “buy” rating in a report on Thursday, August 2nd. Needham & Company LLC upped their target price on shares of LivePerson from $20.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, August 2nd. Finally, Roth Capital upped their target price on shares of LivePerson to $31.00 and gave the stock a “buy” rating in a report on Tuesday, July 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $26.50.

LivePerson Profile

LivePerson, Inc provides mobile and online business messaging solutions that power digital communication between brands and consumers. It operates in two segments, Business and Consumer. The Business segment facilitates real-time online interactions, such as chat, voice, and content delivery across multiple channels and screens for corporations of various sizes.

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Institutional Ownership by Quarter for LivePerson (NASDAQ:LPSN)

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