Vanessa Pegueros, a director at LivePerson Inc. (NASDAQ:LPSN), has recently increased her stake in the company by purchasing 5,000 shares of common stock. The transaction, dated March 14, was executed at a price of $1.02 per share, amounting to a total investment of $5,100.
This latest acquisition brings Pegueros' total holdings in LivePerson to 89,993 shares, a figure that includes 59,881 unvested restricted stock units, as noted in the footnotes of the filing. This purchase by a member of the company's board is a transaction that investors typically watch closely, as it can reflect an insider's confidence in the company's future prospects.
LivePerson, known for its prepackaged software services, is incorporated in Delaware and has its headquarters in New York City. The company's stock is publicly traded on the NASDAQ under the ticker symbol LPSN.
The SEC Form 4 filing, which discloses the transaction, was signed by Monica Greenberg, Attorney-in-Fact for Vanessa Pegueros, on March 18.
InvestingPro Insights
Amid the recent insider stock purchase by director Vanessa Pegueros, LivePerson Inc. (NASDAQ:LPSN) presents a mixed financial landscape. With a market capitalization of $88.11 million, the company's financial health is an essential factor for investors to consider. Notably, LivePerson operates with a significant debt burden and may have trouble making interest payments on its debt, as suggested by InvestingPro Tips. This could be a crucial consideration for stakeholders evaluating the confidence displayed by Pegueros' transaction.
InvestingPro Data further reveals that LivePerson has a negative P/E ratio of -0.98 for the last twelve months as of Q4 2023, indicating that the company is not currently profitable. Additionally, the company's revenue has seen a decline of -21.91% over the same period, and analysts anticipate a sales decline in the current year. With a gross profit margin of 64.47%, the company maintains a strong gross profit of $259.16 million, despite the revenue downturn.
Investors looking for more detailed analyses can find additional InvestingPro Tips, which include insights on stock price volatility, analysts' earnings revisions, and sales expectations. Currently, there are 8 more tips available that could provide a deeper understanding of LivePerson's financial and market performance. To access these insights, visit https://www.investing.com/pro/LPSN. Use the coupon code PRONEWS24 for an additional 10% off a yearly or biyearly Pro and Pro+ subscription, offering a more comprehensive investment toolset.
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