Cornerstone Capital Management Holdings LLC. cut its position in LivePerson, Inc. (NASDAQ:LPSN) by 80.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,555 shares of the technology company’s stock after selling 67,900 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in LivePerson were worth $181,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its position in LivePerson by 79.5% in the second quarter. State of Alaska Department of Revenue now owns 10,610 shares of the technology company’s stock valued at $116,000 after buying an additional 4,700 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in LivePerson by 5.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 12,580 shares of the technology company’s stock valued at $138,000 after buying an additional 650 shares in the last quarter. Brighton Jones LLC acquired a new position in LivePerson in the second quarter valued at about $182,000. BNP Paribas Arbitrage SA boosted its position in LivePerson by 53.3% in the second quarter. BNP Paribas Arbitrage SA now owns 16,894 shares of the technology company’s stock valued at $186,000 after buying an additional 5,876 shares in the last quarter. Finally, ETF Managers Group LLC acquired a new position in LivePerson in the second quarter valued at about $214,000. Hedge funds and other institutional investors own 74.83% of the company’s stock.

LivePerson, Inc. (NASDAQ:LPSN) opened at 13.90 on Tuesday. The firm’s market capitalization is $818.71 million. The stock’s 50 day moving average is $14.14 and its 200-day moving average is $11.78. LivePerson, Inc. has a 12 month low of $5.43 and a 12 month high of $15.10.

In related news, Director David Vaskevitch sold 50,000 shares of LivePerson stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $13.05, for a total transaction of $652,500.00. Following the sale, the director now directly owns 35,000 shares in the company, valued at approximately $456,750. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Daniel Richard Murphy sold 2,300 shares of LivePerson stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $13.71, for a total transaction 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 a total of 60,374 shares of company stock worth $796,159 over the last ninety days. 11.70% of the stock is currently owned by insiders.

LPSN has been the topic of a number of recent analyst reports. Benchmark Co. boosted their price target on shares of LivePerson from $14.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, October 10th. Ladenburg Thalmann Financial Services reiterated a “buy” rating and set a $17.50 target price (up from $15.00) on shares of LivePerson in a research report on Tuesday, October 10th. Zacks Investment Research lowered shares of LivePerson from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Northland Securities reiterated a “buy” rating and set a $14.00 target price on shares of LivePerson in a research report on Tuesday, July 25th. Finally, Needham & Company LLC started coverage on shares of LivePerson in a research report on Thursday, September 21st. They set a “buy” rating and a $16.00 target price on the stock. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. LivePerson has an average rating of “Buy” and a consensus price target of $13.92.

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LivePerson Company 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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