LivePerson Inc. (NASDAQ:LPSN) has reported a recent transaction involving the company's CFO and COO, John DeNeen Collins, who sold shares in the company. According to the latest filing, Collins sold a total of 1,796 shares of common stock at a price of $0.76 per share, amounting to approximately $1,364.
This transaction took place on April 10, 2024, and was reported to have been an automatic sale by the issuer to cover the tax liability incurred by Collins in connection with the vesting of his restricted stock units on the previous day. Following the sale, Collins still holds a significant number of shares in the company, totaling 480,145, which includes 447,145 unvested restricted stock units as part of his compensation package.
Investors often monitor insider transactions as they can provide insights into the executives' perspective on the company's current valuation and future prospects. However, it is important to note that such transactions can be part of standard compensation arrangements and may not necessarily reflect direct trading decisions based on the company's performance.
LivePerson Inc. specializes in prepackaged software services and operates in the technology sector, offering solutions that facilitate real-time engagement with customers across various messaging channels. The company's stock is publicly traded on the NASDAQ exchange under the ticker symbol LPSN.
InvestingPro Insights
As LivePerson Inc. (NASDAQ:LPSN) navigates the market, recent data from InvestingPro provides a clearer picture of the company's financial health and stock performance. The company currently holds a market capitalization of $57.27 million USD, which reflects the scale of the business in the industry. Despite the challenges, the company reported a gross profit of $259.16 million USD in the last twelve months as of Q4 2023, demonstrating its ability to maintain a gross profit margin of 64.47%.
Nonetheless, the company's operational efficiency appears to be under pressure, with an operating income margin of -21.5% during the same period. This is further compounded by a significant revenue decline of -21.91% in the last twelve months as of Q4 2023. These figures are important for investors considering the company's ability to manage costs and generate sustainable revenue streams.
InvestingPro Tips highlight some concerns for LivePerson Inc., such as the significant debt burden and the potential difficulty in making interest payments on that debt. Additionally, the stock's price has fallen significantly over the last year, which could be a reflection of the market's sentiment towards the company's financial stability and growth prospects. With the stock trading at 12.49% of its 52-week high and analysts revising earnings downwards for the upcoming period, investors are advised to consider these factors in their decision-making.
For those looking to delve deeper into LivePerson Inc.'s financials and stock performance, InvestingPro offers additional tips and insights. There are 15 more InvestingPro Tips available for LivePerson Inc., which can be accessed by visiting InvestingPro. To enrich your investment strategy, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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