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LivePerson, Inc. (NASDAQ:LPSN) Director Vanessa Pegueros recently increased her stake in the company by purchasing 5,000 shares of common stock. The transaction was completed on March 14th at a price of $1.02 per share, for a total investment of $5,100.
This latest acquisition brings Mr. Pegueros' total holdings in LivePerson to 89,993 shares, including 59,881 unvested restricted stock units, as noted in a footnote to the filing. It is. This acquisition by a member of the company's board of directors is typically a transaction closely watched by investors, as it may reflect insider confidence in the company's future prospects.
Liveperson, known for its prepackaged software services, is incorporated in Delaware and headquartered in New York City. The company's stock is listed on NASDAQ under the ticker symbol LPSN.
The SEC Form 4 filing disclosing the transaction was signed on March 18 by Monica Greenberg, an attorney representing Vanessa Pegueros.
Investment Pro Insights
The financial picture of LivePerson, Inc. (NASDAQ:LPSN) is complicated due to recent insider stock purchases by director Vanessa Pegueros. With a market capitalization of $88.11 Million, the company's financial health is an important factor for investors to consider. In particular, as InvestingPro Tips suggests, Liveperson operates with a significant amount of debt, which could make it difficult to pay interest on its debt. This could be an important consideration for stakeholders assessing the trust demonstrated by the Pegueros deal.
InvestingPro Data further reveals that as of Q4 2023, Liveperson's trailing twelve-month P/E ratio is negative at -0.98, indicating that the company is not currently profitable. Moreover, the company's revenue has decreased by -21.91% over the same period, and analysts expect sales to decline this year. His gross profit margin is 64.47%, and despite the weak revenue, the company has maintained his high gross profit of $259.16 million.
Investors looking for more in-depth analysis can find additional InvestingPro Tips, including insights on stock price volatility, analyst earnings revisions, and sales forecasts. We now have eight more tips to help you better understand Liveperson's financial and market performance. To access these insights, please visit https://www.investing.com/pro/LPSN.Use coupon code pro news 24 Get an extra 10% off annual or biennial Pro and Pro+ subscriptions, giving you a more comprehensive set of investment tools.
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