Liquidity Services, Inc. (NASDAQ:LQDT – Get Free Report) CFO Jorge Celaya sold 6,098 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $36.40, for a total transaction of $221,967.20. Following the completion of the sale, the chief financial officer directly owned 66,895 shares in the company, valued at $2,434,978. This trade represents a 8.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Jorge Celaya also recently made the following trade(s):
- On Tuesday, May 26th, Jorge Celaya sold 11,303 shares of Liquidity Services stock. The shares were sold at an average price of $35.24, for a total transaction of $398,317.72.
- On Wednesday, May 27th, Jorge Celaya sold 5,320 shares of Liquidity Services stock. The shares were sold at an average price of $36.06, for a total transaction of $191,839.20.
Liquidity Services Stock Performance
Liquidity Services stock opened at $36.21 on Friday. The company’s 50 day simple moving average is $33.28 and its 200-day simple moving average is $31.37. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 38.94 and a beta of 1.10. Liquidity Services, Inc. has a 1 year low of $21.67 and a 1 year high of $38.83.
Key Stories Impacting Liquidity Services
Here are the key news stories impacting Liquidity Services this week:
- Positive Sentiment: Liquidity Services’ most recent quarterly results were solid, with revenue and earnings both beating expectations. Management also reiterated guidance, which supports confidence in the company’s operating momentum and outlook. Article Title
- Positive Sentiment: The company announced plans for senior executives, including the CEO and CFO, to participate in upcoming investor conferences, which can help keep attention on Liquidity Services’ growth strategy and marketplace platform. Article Title
- Neutral Sentiment: Ottawa Fleet Services’ $14 million milestone on GovDeals highlights continued activity on Liquidity Services’ government surplus auction platform, but this is more of a business update than a direct catalyst for LQDT shares. Article Title
- Negative Sentiment: Multiple recent insider sales, including several transactions by CFO Jorge Celaya and other executives, may pressure sentiment because investors often view repeated selling as profit-taking after the stock’s recent run-up. Article Title
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in LQDT. AQR Capital Management LLC grew its holdings in Liquidity Services by 112.4% during the 1st quarter. AQR Capital Management LLC now owns 75,620 shares of the business services provider’s stock worth $2,345,000 after acquiring an additional 40,021 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Liquidity Services by 18.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,854 shares of the business services provider’s stock worth $864,000 after acquiring an additional 4,344 shares in the last quarter. Caxton Associates LLP acquired a new position in Liquidity Services during the 1st quarter worth approximately $254,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Liquidity Services by 9.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 77,999 shares of the business services provider’s stock worth $2,419,000 after acquiring an additional 6,488 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in Liquidity Services by 42.5% during the 1st quarter. Jane Street Group LLC now owns 49,221 shares of the business services provider’s stock worth $1,526,000 after acquiring an additional 14,684 shares in the last quarter. Institutional investors and hedge funds own 71.15% of the company’s stock.
Wall Street Analyst Weigh In
LQDT has been the topic of a number of research analyst reports. Weiss Ratings raised shares of Liquidity Services from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Barrington Research restated an “outperform” rating and issued a $44.00 price objective on shares of Liquidity Services in a report on Thursday, May 21st. Wall Street Zen upgraded shares of Liquidity Services from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 23rd. Finally, Zacks Research cut shares of Liquidity Services from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $44.00.
Get Our Latest Report on Liquidity Services
About Liquidity Services
Liquidity Services, Inc is a technology-driven provider of online marketplaces for surplus and remarketed assets. Through its wholly owned platforms—such as Liquidation.com, GovDeals, Machinio and GoIndustry DoveBid—the company connects sellers of industrial equipment, commercial inventory, government surplus and transportation assets with a broad base of registered buyers. Its solutions blend auction formats, fixed-price listings and managed-service offerings to support efficient asset disposition across a wide range of industries.
The company’s core services include asset valuation, marketing, inspection and logistics coordination.
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