Moody’s upgrades Agnico Eagle’s rating to A3 on debt reduction
John DeNeen Collins, the CFO and COO of LivePerson Inc. (NASDAQ:LPSN), recently sold 1,828 shares of the company’s common stock. The transaction, dated April 11, 2025, was executed at a price of $0.698 per share, totaling approximately $1,275. The sale comes as LivePerson, currently valued at $72.3 million, faces significant financial challenges. According to InvestingPro analysis, the company operates with substantial debt and is rapidly burning through cash.
This sale was conducted automatically by the issuer to cover Collins’ tax liability related to the vesting of his restricted stock units on April 10, 2025. Following the transaction, Collins retains direct ownership of 995,776 shares, which includes 927,146 unvested restricted stock units. The stock, currently trading at $0.78, has shown high volatility with an 11.4% gain in the past week despite a 31.6% decline over six months. For deeper insights into LivePerson’s financial health and additional ProTips, visit InvestingPro.
In other recent news, LivePerson Inc. reported its fourth-quarter 2024 earnings, revealing a significant miss on earnings per share (EPS) expectations. The company posted an EPS of -$1.27, far below the forecasted -$0.05, while revenue exceeded expectations at $73.2 million against a forecast of $68.32 million. Despite the revenue success, the market reacted negatively to the EPS miss. In terms of analyst activity, there were no specific upgrades or downgrades mentioned for LivePerson. The company has been making strides in AI innovations, with an increase in customer base through generative AI. However, LivePerson anticipates a revenue decline through most of 2025, with projections between $240 million and $255 million. The company expects positive net annual recurring revenue (ARR) in the second half of the year. Additionally, LivePerson has been focusing on expanding its partnerships, aiming for significant contributions from partners like Avaya and Cisco (NASDAQ:CSCO) in 2025.
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