Insider Selling: Liquidity Services, Inc. (NASDAQ:LQDT) CFO Sells 7,500 Shares of Stock

Liquidity Services, Inc. (NASDAQ:LQDT) CFO Jorge Celaya sold 7,500 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $35.33, for a total value of $264,975.00. Following the sale, the chief financial officer now directly owns 27,275 shares of the company’s stock, valued at approximately $963,625.75. The trade was a 21.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Monday, February 10th, Jorge Celaya sold 10,000 shares of Liquidity Services stock. The shares were sold at an average price of $34.25, for a total transaction of $342,500.00.
• 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 Trading Up 3.5 %

Shares of LQDT opened at $35.55 on Thursday. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 47.40 and a beta of 1.36. Liquidity Services, Inc. has a 12 month low of $15.79 and a 12 month high of $39.72. The firm has a fifty day simple moving average of $32.85 and a 200 day simple moving average of $26.29.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Barrington Research reaffirmed an “outperform” rating and issued a $40.00 target price on shares of Liquidity Services in a research note on Tuesday. StockNews.com cut Liquidity Services from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 7th. Finally, Craig Hallum lifted their target price on Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, December 13th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Harvest Fund Management Co. Ltd acquired a new position in shares of Liquidity Services during the 4th quarter worth approximately $38,000. nVerses Capital LLC bought a new position in shares of Liquidity Services in the third quarter valued at $48,000. R Squared Ltd acquired a new position in Liquidity Services during the fourth quarter worth $66,000. GAMMA Investing LLC raised its position in Liquidity Services by 29.9% during the third quarter. GAMMA Investing LLC now owns 4,362 shares of the business services provider’s stock worth $99,000 after acquiring an additional 1,005 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in Liquidity Services in the fourth quarter valued at $132,000. 71.15% of the stock is owned by institutional investors and hedge funds.

About Liquidity Services

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.