Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. LivePerson Inc. shares valued at $11,334 were sold by Osumi Norman M. on Apr 22. At $23.86 per share, Osumi Norman M. sold 475 shares. The insider’s holdings dropped to 8,235 shares worth approximately $0.13 million following the completion of this transaction.
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Also, Greenberg Monica L. sold 986 shares, netting a total of over 25,606 in proceeds. Following the sale of shares at $25.97 each, the insider now holds 34,232 shares.
Before that, Collins John DeNeen had sold 1,203 shares from its account. In a trade valued at $30,011, the Chief Financial Officer traded LivePerson Inc. shares for $24.95 each. Upon closing the transaction, the insider’s holdings decreased to 1,203 shares, worth approximately $0.65 million.
As published in a research note from ROTH Capital on May 10, 2022, LivePerson Inc. [LPSN] has been rated up from a Neutral to a Buy and the price target has been revised to $25. This represents a 39.04% premium over Thursday’s closing price. Analysts at William Blair downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in late February. As of February 25, 2022, ROTH Capital has decreased its “Buy” rating to a “Neutral” for LPSN. Earlier on February 25, 2022, Northland Capital downgraded its rating. Their new recommendation was “a Market perform” for LPSN stock which previously was a “an Outperform”.
Analyzing LPSN’s Price Performance
On Thursday, LivePerson Inc. [NASDAQ: LPSN] plunged -2.68% to $15.24. The stock’s lowest price that day was $15.13, but it reached a high of $16.11 in the same session. During the last five days, there has been a surge of approximately 10.43%. Over the course of the year, LivePerson Inc. shares have dropped approximately -57.33%. Shares of the company reached a 52-week high of $35.96 on 01/03/22 and a 52-week low of $11.72 on 06/16/22. A 50-day SMA is recorded $14.68, while a 200-day SMA reached $27.15. Nevertheless, trading volume fell to 1.63 million shares from 0.8 million shares the previous day.
Support And Resistance Levels for LivePerson Inc. (LPSN)
According to the 24-hour chart, there is a support level at 14.88, which, if violated, would cause prices to drop to 14.51. In the upper region, resistance lies at 15.86. The next price resistance is at 16.47. RSI (Relative Strength Index) is 53.95 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.72, which suggests the price will decrease in the coming days. Percent R is at 28.95%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is LivePerson Inc. subject to short interest?
Stocks of LivePerson Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.13 million shares to 5.87 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 5.74 million shares. A jump of 2.21% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 6.26 of the overall float, the days-to-cover ratio (short ratio) jumped to 6.26.
Which companies own the most shares of LivePerson Inc. (LPSN)?
According to BlackRock Fund Advisors filings, the company currently owns 10,290,387 shares, which is about 13.82% of the total LPSN shares outstanding. The investor’s shares have appreciated by 358,453 from its previous 13-F filing of 9931934.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $100,144,768. Starboard Value LP acquire a 9.37% interest valued at $99.05 million while Janus Henderson Investors US LLC sold a -114,777 stake. A total of -2,482 shares of LivePerson Inc. were sold by Mackenzie Financial Corp. during the quarter, and 5,623 were bought by Credit Suisse Asset Management. In its current portfolio, SSgA Funds Management, Inc. holds 2,298,547 shares valued at $32.5 million.
In terms of LivePerson Inc. share price expectations, FactSet research, analysts set an average price target of $20.00 in the next 12 months, up nearly 24.52% from the previous closing price of $15.66. Analysts anticipate LivePerson Inc. stock to reach $27.00 by 2022, with the lowest price target being $15.00. In spite of this, 11 analysts ranked LivePerson Inc. stock as a Hold at the end of 2022.