Liquidity Services, Inc. (NASDAQ:LQDT) CFO Sells $342,500.00 in Stock

Liquidity Services, Inc. (NASDAQ:LQDT) CFO Jorge Celaya sold 10,000 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $34.25, for a total transaction of $342,500.00. Following the completion of the sale, the chief financial officer now owns 34,775 shares in the company, valued at approximately $1,191,043.75. This trade represents a 22.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Jorge Celaya also recently made the following trade(s):

• On Wednesday, February 12th, Jorge Celaya sold 7,500 shares of Liquidity Services stock. The stock was sold at an average price of $35.33, for a total transaction of $264,975.00.
• On Monday, December 16th, Jorge Celaya sold 16,540 shares of Liquidity Services stock. The stock was sold at an average price of $34.10, for a total transaction of $564,014.00.

Liquidity Services Stock Up 3.5 %

Shares of NASDAQ:LQDT traded up $1.21 during midday trading on Wednesday, reaching $35.55. 537,410 shares of the company were exchanged, compared to its average volume of 323,314. Liquidity Services, Inc. has a fifty-two week low of $15.79 and a fifty-two week high of $39.72. The stock has a fifty day simple moving average of $32.85 and a two-hundred day simple moving average of $26.29. The firm has a market cap of $1.10 billion, a PE ratio of 47.40 and a beta of 1.36.

Liquidity Services (NASDAQ:LQDT) last issued its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.06. Liquidity Services had a net margin of 6.37% and a return on equity of 20.94%.

Institutional Investors Weigh In On Liquidity Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royce & Associates LP acquired a new stake in Liquidity Services in the 3rd quarter valued at $488,000. Barclays PLC increased its stake in Liquidity Services by 307.3% in the 3rd quarter. Barclays PLC now owns 39,427 shares of the business services provider’s stock valued at $899,000 after buying an additional 29,746 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Liquidity Services by 102.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 59,927 shares of the business services provider’s stock valued at $1,366,000 after buying an additional 30,360 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Liquidity Services in the 3rd quarter valued at $1,311,000. Finally, Intech Investment Management LLC acquired a new stake in Liquidity Services in the 3rd quarter valued at $518,000. 71.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LQDT has been the topic of several analyst reports. Craig Hallum increased their target price on shares of Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Barrington Research restated an “outperform” rating and set a $40.00 price objective on shares of Liquidity Services in a report on Tuesday. Finally, StockNews.com lowered shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a report on Friday, February 7th.

Liquidity Services Company Profile

Liquidity Services, Inc provides e-commerce marketplaces, self-directed auction listing tools, and value-added services in the United States and internationally. The company operates through four segments: GovDeals, Retail Supply Chain Group (RSCG), Capital Assets Group (CAG), and Machinio. Its marketplaces include liquidation.com that enable corporations to sell surplus and salvage consumer goods and retail capital assets; GovDeals marketplace, which provides self-directed service solutions in which sellers list their own assets that enables local and state government entities, and commercial businesses located in the United States and Canada to sell surplus and salvage assets; and AllSurplus, a centralized marketplace that connects global buyer base with assets from across the network of marketplaces in a single destination.