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LivePerson Inc. (NASDAQ:LPSN), currently trading at $0.91 with a market capitalization of $83.6 million, recently disclosed that its Chief Executive Officer, Anthony John Sabino, sold shares of the company, according to a filing with the Securities and Exchange Commission. InvestingPro analysis indicates the company’s overall financial health score is weak, with concerning cash burn rates. The transactions, dated March 18, 19, and 20, involved the sale of a total of 434,455 shares at prices ranging from $0.90 to $0.98 per share. The total value of the shares sold amounts to $403,035. This comes as the stock has declined nearly 40% year-to-date, according to InvestingPro data, which offers comprehensive analysis through its Pro Research Report, including detailed insights into the company’s financial health and future prospects.
The sales were executed over three days, with 111,020 shares sold on March 18, 157,222 shares on March 19, and 166,213 shares on March 20. Following these transactions, Sabino holds 2,920,384 shares, which include a significant number of unvested restricted stock units.
The shares were sold automatically by the issuer to cover tax liabilities associated with the vesting of Sabino’s restricted stock units.
In other recent news, LivePerson Inc. reported its fourth-quarter 2024 earnings, revealing a significant shortfall in earnings per share (EPS) expectations. The company posted an EPS of -$1.27, a stark contrast to the forecasted -$0.05. However, revenue exceeded expectations, reaching $73.2 million against a forecast of $68.32 million. Despite this revenue success, LivePerson anticipates a revenue decline through most of 2025. The company has launched several AI innovations and increased its customer base using generative AI, marking a positive note amid financial challenges. LivePerson’s net revenue retention improved to 82% from 79% in the previous quarter. Analyst firms have not issued new ratings, but the company’s strategic focus on AI and voice integration continues to be a central theme. The company signed a total of 39 deals in the fourth quarter, including nine new logos and 30 expansions and renewals, indicating a positive trend in commercial execution.
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