Should You Avoid LivePerson, Inc. (LPSN)?

Page 1 of 2

Liveperson, Inc. (NASDAQ:LPSN)LivePerson, Inc. (NASDAQ:LPSN) was in 7 hedge funds’ portfolio at the end of March. LPSN has experienced a decrease in enthusiasm from smart money in recent months. There were 9 hedge funds in our database with LPSN holdings at the end of the previous quarter.

To most traders, hedge funds are seen as unimportant, old financial tools of years past. While there are greater than 8000 funds trading at present, we choose to focus on the aristocrats of this club, around 450 funds. It is widely believed that this group oversees the lion’s share of the hedge fund industry’s total capital, and by keeping an eye on their top equity investments, we have determined a few investment strategies that have historically outpaced the broader indices. Our small-cap hedge fund strategy outperformed the S&P 500 index by 18 percentage points annually for a decade in our back tests, and since we’ve began to sharing our picks with our subscribers at the end of August 2012, we have outperformed the S&P 500 index by 23.3 percentage points in 8 months (see the details here).

Equally as integral, bullish insider trading sentiment is a second way to parse down the stock market universe. As the old adage goes: there are lots of reasons for an upper level exec to sell shares of his or her company, but just one, very simple reason why they would behave bullishly. Several academic studies have demonstrated the useful potential of this method if investors understand where to look (learn more here).

Keeping this in mind, we’re going to take a peek at the latest action encompassing LivePerson, Inc. (NASDAQ:LPSN).

Hedge fund activity in LivePerson, Inc. (NASDAQ:LPSN)

Heading into Q2, a total of 7 of the hedge funds we track were bullish in this stock, a change of -22% from one quarter earlier. With hedgies’ positions undergoing their usual ebb and flow, there exists a few notable hedge fund managers who were upping their holdings meaningfully.

Of the funds we track, Act II Capital, managed by Dennis Leibowitz, holds the most valuable position in LivePerson, Inc. (NASDAQ:LPSN). Act II Capital has a $9.4 million position in the stock, comprising 2.4% of its 13F portfolio. The second largest stake is held by Citadel Investment Group, managed by Ken Griffin, which held a $5.1 million position; less than 0.1%% of its 13F portfolio is allocated to the stock. Remaining peers that are bullish include Spencer M. Waxman’s Shannon River Fund Management, Philip Hempleman’s Ardsley Partners and Israel Englander’s Millennium Management.

Judging by the fact that LivePerson, Inc. (NASDAQ:LPSN) has witnessed falling interest from the entirety of the hedge funds we track, logic holds that there exists a select few money managers that elected to cut their full holdings heading into Q2. Interestingly, Jim Simons’s Renaissance Technologies dropped the biggest investment of the “upper crust” of funds we key on, valued at an estimated $2.7 million in stock.. Drew Cupps’s fund, Cupps Capital Management, also cut its stock, about $1.7 million worth. These transactions are important to note, as aggregate hedge fund interest dropped by 2 funds heading into Q2.

What do corporate executives and insiders think about LivePerson, Inc. (NASDAQ:LPSN)?

Insider purchases made by high-level executives is at its handiest when the primary stock in question has experienced transactions within the past 180 days. Over the last half-year time period, LivePerson, Inc. (NASDAQ:LPSN) has experienced 4 unique insiders purchasing, and 1 insider sales (see the details of insider trades here).

Let’s also review hedge fund and insider activity in other stocks similar to LivePerson, Inc. (NASDAQ:LPSN). These stocks are Team, Inc. (NYSE:TISI), RPX Corp (NASDAQ:RPXC), Insperity Inc (NYSE:NSP), WNS (Holdings) Limited (ADR) (NYSE:WNS), and InnerWorkings, Inc. (NASDAQ:INWK). All of these stocks are in the business services industry and their market caps are similar to LPSN’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

On the Move: The 10 Fastest Growing Businesses in 2015

Fast Money: The 10 Highest Paying Fast Food Restaurants

Mixing It Up: The 14 Best Music Mashups of 2014

Rito Pls Buff: The 10 Least Played Champions in LoL Season 4

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!