Public Sector Pension investment Board lessened its stake in shares of LivePerson, Inc. (NASDAQ:LPSN) by 26.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,562 shares of the technology company’s stock after selling 10,100 shares during the period. Public Sector Pension investment Board’s holdings in LivePerson were worth $303,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Menta Capital LLC raised its stake in shares of LivePerson by 74.6% during the second quarter. Menta Capital LLC now owns 181,217 shares of the technology company’s stock valued at $1,993,000 after acquiring an additional 77,415 shares in the last quarter. Thrivent Financial For Lutherans increased its holdings in LivePerson by 6.8% during the second quarter. Thrivent Financial For Lutherans now owns 32,700 shares of the technology company’s stock valued at $360,000 after buying an additional 2,070 shares during the period. Ameriprise Financial Inc. increased its holdings in LivePerson by 44.6% during the second quarter. Ameriprise Financial Inc. now owns 410,289 shares of the technology company’s stock valued at $4,512,000 after buying an additional 126,567 shares during the period. TIAA CREF Investment Management LLC increased its holdings in LivePerson by 18.1% during the second quarter. TIAA CREF Investment Management LLC now owns 335,082 shares of the technology company’s stock valued at $3,686,000 after buying an additional 51,357 shares during the period. Finally, Teachers Advisors LLC increased its holdings in LivePerson by 9.8% during the second quarter. Teachers Advisors LLC now owns 96,992 shares of the technology company’s stock valued at $1,067,000 after buying an additional 8,619 shares during the period. 74.85% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP Dustin Dean sold 2,500 shares of the stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $14.35, for a total value of $35,875.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Daniel Richard Murphy sold 2,300 shares of the stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $13.71, for a total transaction of $31,533.00. Following the completion of the transaction, the chief financial officer now directly owns 84,678 shares in the company, valued at $1,160,935.38. The disclosure for this sale can be found here. Insiders sold a total of 162,774 shares of company stock worth $1,963,593 over the last ninety days. Insiders own 11.40% of the company’s stock.

LivePerson, Inc. (NASDAQ LPSN) opened at 14.75 on Friday. LivePerson, Inc. has a one year low of $5.43 and a one year high of $15.10. The company’s 50-day moving average is $13.79 and its 200 day moving average is $11.12. The stock’s market capitalization is $868.77 million.

LivePerson (NASDAQ:LPSN) last posted its earnings results on Wednesday, July 26th. The technology company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.01). The company had revenue of $54.10 million during the quarter, compared to analysts’ expectations of $51.33 million. LivePerson had a negative net margin of 13.29% and a negative return on equity of 8.71%. The company’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period last year, the business earned ($0.04) earnings per share. Equities analysts expect that LivePerson, Inc. will post $0.10 EPS for the current year.

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Several equities analysts recently issued reports on the stock. Zacks Investment Research lowered shares of LivePerson from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Northland Securities set a $14.00 price objective on shares of LivePerson and gave the company a “buy” rating in a report on Saturday, June 24th. Ladenburg Thalmann Financial Services reissued a “buy” rating and set a $17.50 price objective (up from $15.00) on shares of LivePerson in a report on Tuesday. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of LivePerson in a report on Wednesday, August 9th. Finally, Benchmark Co. lifted their price objective on shares of LivePerson from $14.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $13.92.

LivePerson Profile

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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Institutional Ownership by Quarter for LivePerson (NASDAQ:LPSN)

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