Is it a Good Choice to Invest in LivePerson (LPSN)?

ClearBridge Investments, an investment management company, released its “ClearBridge Select Strategy” second quarter 2022 investor letter. A copy of this letter can be downloaded here. In the second quarter, the fund underperformed its benchmark index. Stocks from IT, healthcare, industrials, and consumer discretionary posted losses during the quarter, however stocks from consumer staples and financials sectors contributed to the performance of the fund. To know about the fund’s best picks in 2022, please check its top 5 holdings.

In the letter, ClearBridge Investments discussed its Select Strategy portfolio. The firm holds stocks like LivePerson, Inc. (NASDAQ:LPSN). LivePerson, Inc. (NASDAQ:LPSN) is a software and Gainshare solutions providing company, headquartered in New York, New York. The stock of LivePerson, Inc. (NASDAQ:LPSN) closed at $15.66 per share on August 3, 2022. One-month return of LivePerson, Inc. (NASDAQ:LPSN) was -5.26% and its shares lost 74.74% of their value over the last 52 weeks. LivePerson, Inc. (NASDAQ:LPSN) has a market capitalization of $1.169 billion.

Here is what ClearBridge Select Strategy specifically said about LivePerson, Inc. (NASDAQ:LPSN) in its second-quarter investor letter:

“Purchases of Everbridge (EVBG) (critical response) and LivePerson, Inc. (NASDAQ:LPSN) (customer service) provide exposure to catalyst-rich software companies we have followed for some time, each with a growing activist presence pushing for improvement and potential sale of the business.”

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Even though ClearBridge Select Strategy invested in LivePerson, Inc. (NASDAQ:LPSN) the share is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 25 hedge fund portfolios held LivePerson, Inc. (NASDAQ:LPSN) at the end of the first quarter and 28 in the previous quarter.

We discussed LivePerson, Inc. (NASDAQ:LPSN) in another article and shared Artisan Partners’ views about the company. In addition, please check out our hedge fund investor letters Q2 2022 page for more investor letters from hedge funds and other leading investors.

Disclosure: None. This article is originally published at Insider Monkey.