The New Discovery Group I Holding in Liveperson Inc
Discovery Group I filed with the SEC SC 13D form for Liveperson Inc. The form can be accessed here: 000157104916020141. As reported in Discovery Group I’s form, the filler as of late owns 5.3% or 3,047,583 shares of the Information Technology–company.
Liveperson Inc stake is a new one for the and it was filed because of activity on November 16, 2016. We feel this shows Discovery Group I’s positive view for the stock.
Reasons Why Discovery Group I Bought – Liveperson Inc Stock
Purpose of Transaction
The Reporting Persons acquired beneficial ownership of the shares of Common Stock reported herein as part of their investment activities on behalf of Discovery Equity Partners.The Reporting Persons acquired the shares of Common Stock reported herein because they believe that the trading prices of the Common Stock do not adequately reflect the potential value of the Company’s underlying business and assets.
The Reporting Persons intend to review and evaluate their investment in the Common Stock on an ongoing basis and may, depending upon their evaluation of the business and prospects of the Company, or such other considerations as they may deem relevant, determine to increase, decrease, or dispose of their holdings of Common Stock. As a part of such review and evaluation, the Reporting Persons may hold discussions with the Company’s management and directors, other shareholders and other interested parties.
Except as otherwise described in this Item 4, the Reporting Persons do not have present plans or proposals that relate to or would result in any of the following (although the Reporting Persons reserve the right to develop such plans or proposals or any other plans relating to the Company and to take action with respect thereto): (i)the acquisition by any person of additional securities of the Company, or the disposition of securities of the Company; (ii)an extraordinary corporate transaction, such as a merger, reorganization, or liquidation, involving the Company or any of its subsidiaries; (iii)a sale or transfer of a material amount of assets of the Company or any of its subsidiaries; (iv)any change in the present board of directors or management of the Company, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; (v)any material change in the present capitalization or dividend policy of the Company; (vi)any other material change in the Company’s business or corporate structure; (vii)changes in the Company’s certificate of incorporation, bylaws, or instruments corresponding thereto or other actions that may impede the acquisition of control of the Company by any person; (viii)causing a class of securities of the Company to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (ix)a class of equity securities of the Company becoming eligible for termination of registration pursuant to Section12(g)(4)of the Securities Exchange Act of 1934, as amended; or (x)any action similar to any of those enumerated above.
Liveperson Inc Institutional Sentiment
Latest Security and Exchange filings show 109 investors own Liveperson Inc. The institutional ownership in Q3 2015 is high, at 61.17% of the outstanding shares. This is decreased by 4539901 the total institutional shares. 35461895 were the shares owned by these institutional investors. In total 16 funds opened new Liveperson Inc stakes, 39 increased stakes. There were 14 that closed positions and 38 reduced them.
2 managers had the stock in their top Ten. Notable investors are: Awm Investment Company Inc., Golden Gate Private Equity Inc…
Spencer M. Waxman Shannon River Fund Management Llc is an institutional investor bullish on Liveperson Inc, owning 550000 shares as of Q3 2015 for 0.77% of its portfolio. Michael Doheny Freshford Capital Management Llc owns 1025613 shares or 1.67% of its portfolio. NY Awm Investment Company Inc have 3.06% of their stock portfolio for 2092578 shares. Further, Rgm Capital Llc reported stake worth 4.00% of its US stock portfolio. The NY Destrier Capital Management Llc owns 3385135 shares. Liveperson Inc is 7.53% of the manager’s US portfolio.
LivePerson, Inc. (Liveperson) is a provider of mobile and online messaging technologies that power digital communication between brands and consumers. The Company’s segments include Business and Consumer. The Business segment enables brands to leverage its cloud-based LiveEngage’s intelligence engine. The Consumer segment facilitates online transactions between independent service providers (Experts) and individual consumers (Users) seeking information and knowledge for a fee through mobile and online messaging. The Company’s platform, LiveEngage, enables businesses to create a meaningful connection with consumers by offering messaging as a preferred channel of communication. Its technology platform offers an intelligence engine, as well as a suite of text and mobile messaging, real-time chat messaging, content delivery and cobrowsing offerings to proactively engage with consumers through m-dot sites, mobile applications, Websites and social media.
SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.
Insitutional Activity: The institutional sentiment decreased to 1.09 in 2016 Q2. Its down 0.51, from 1.6 in 2016Q1. The ratio worsened, as 8 funds sold all LivePerson, Inc. shares owned while 37 reduced positions. 32 funds bought stakes while 40 increased positions. They now own 38.15 million shares or 1.50% less from 38.73 million shares in 2016Q1.
Profund Advisors accumulated 0% or 13,421 shares. Walleye Trading Lc has 0% invested in the company for 6,520 shares. Susquehanna Group Inc Ltd Liability Partnership holds 0% or 47,010 shares in its portfolio. Great West Life Assurance Can reported 1,529 shares or 0% of all its holdings. Blackrock Institutional Tru Na last reported 1.41 million shares in the company. Northern Tru Corporation holds 0% or 773,586 shares in its portfolio. Acadian Asset Ltd Liability Corporation last reported 0% of its portfolio in the stock. Morgan Stanley holds 0% or 795,029 shares in its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% of its portfolio in LivePerson, Inc. (NASDAQ:LPSN) for 1,319 shares. Menora Mivtachim Ltd has invested 0% of its portfolio in LivePerson, Inc. (NASDAQ:LPSN). Psagot House Limited holds 0% or 16,474 shares in its portfolio. Voya Invest Mngmt Limited Liability Corporation reported 31,696 shares or 0% of all its holdings. Tower Rech Limited Company (Trc) holds 4,155 shares or 0% of its portfolio. Van Eck Associate last reported 0% of its portfolio in the stock. Tudor Corporation Et Al owns 19,123 shares or 0% of their US portfolio.
Insider Transactions: Since September 20, 2016, the stock had 0 insider buys, and 6 selling transactions for $492,013 net activity. $19,005 worth of LivePerson, Inc. (NASDAQ:LPSN) was sold by Dean Dustin on Tuesday, September 20. LOCASCIO ROBERT P sold 2,581 shares worth $21,061. $416,500 worth of LivePerson, Inc. (NASDAQ:LPSN) was sold by Greenberg Monica L.. Another trade for 468 shares valued at $3,814 was sold by Carlough Daryl. $18,961 worth of LivePerson, Inc. (NASDAQ:LPSN) was sold by Murphy Daniel Richard on Tuesday, September 20.
Analysts await LivePerson, Inc. (NASDAQ:LPSN) to report earnings on February, 8. They expect $-0.02 EPS, down 200.00% or $0.04 from last year’s $0.02 per share. After $-0.07 actual EPS reported by LivePerson, Inc. for the previous quarter, Wall Street now forecasts -71.43% EPS growth.
The stock closed at $8.5 during the last session. It is up 39.12% since April 21, 2016 and is uptrending. It has outperformed by 33.79% the S&P500.
LivePerson, Inc. is a provider of mobile and online messaging technologies that power digital communication between brands and consumers. The company has a market cap of $492.75 million. The Company’s divisions include Business and Consumer. It currently has negative earnings. The Business segment enables brands to leverage its cloud LiveEngage’s intelligence engine.
More notable recent LivePerson, Inc. (NASDAQ:LPSN) news were published by: Fool.com which released: “LivePerson Inc. Earnings: Looking for Signs of Life” on November 10, 2016, also Fool.com with their article: “LivePerson Inc. Earnings: Bring Out Your Dead” published on July 28, 2016, Fool.com published: “Why LivePerson Inc. Stock Jumped Today” on July 07, 2016. More interesting news about LivePerson, Inc. (NASDAQ:LPSN) were released by: Fool.com and their article: “LivePerson Inc. Earnings: Another Growth Streak Bites the Dust” published on May 10, 2016 as well as Fool.com‘s news article titled: “Why Shares of LivePerson Inc. Jumped 10% Today” with publication date: March 14, 2016.
According to Zacks Investment Research, “LivePerson Inc. is a provider of technology that facilitates real-time sales and customer service for companies doing business on the Internet. The company is an application service provider and they offer the proprietary real-time interaction technology as an outsourced service. The service appears as a LivePerson-branded or custom-created icon on the clients’ Web sites. When an Internet user clicks on the icon, a pop-up dialogue window appears, enabling the clients to communicate directly with Internet users via text-based chat.”
LPSN Company Profile
LivePerson, Inc. (Liveperson), incorporated on November 29, 1995, is a well-known provider of mobile and online messaging technologies that power digital communication between brands and consumers. The Company’s divisions include Business and Consumer. The Business segment enables brands to leverage its cloud LiveEngage’s intelligence engine. The Consumer segment facilitates online transactions between independent service providers (Experts) and individual clients (Users) seeking information and knowledge for a fee through mobile and online messaging.
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