5 Software Stocks to Sell Now According to Cathie Wood

2. LivePerson, Inc. (NASDAQ:LPSN)

Number of Hedge Fund Holders: 28  

Percentage Decrease in Stake in Q4: 100%    

LivePerson, Inc. (NASDAQ:LPSN) is an application software firm that provides commerce solutions. At the end of the fourth quarter of 2021, 28 hedge funds in the database of Insider Monkey held stakes worth $90 million in LivePerson, Inc. (NASDAQ:LPSN), up from 26 in the preceding quarter worth $225 million.

ARK had first purchased a stake in the company during the third quarter of 2021, buying close to 1 million shares at an average price of $62.92 per share. This holding was sold off completely in the next quarter.