Liquidity Services, Inc. (NASDAQ:LQDT) CFO Sells $264,975.00 in Stock

Liquidity Services, Inc. (NASDAQ:LQDT) CFO Jorge Celaya sold 7,500 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $35.33, for a total value of $264,975.00. Following the transaction, 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 sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Monday, December 16th, Jorge Celaya sold 16,540 shares of Liquidity Services stock. The shares were sold at an average price of $34.10, for a total value of $564,014.00.

Liquidity Services Stock Performance

Shares of NASDAQ:LQDT traded up $1.21 during midday trading on Wednesday, reaching $35.55. The company had a trading volume of 537,410 shares, compared to its average volume of 323,314. The company has a fifty day simple moving average of $32.65 and a two-hundred day simple moving average of $26.22. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 47.40 and a beta of 1.36. Liquidity Services, Inc. has a 1-year low of $15.79 and a 1-year high of $39.72.

Liquidity Services (NASDAQ:LQDT) last released its earnings results on Thursday, February 6th. The business services provider reported $0.28 earnings per share 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

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

Institutional Trading of Liquidity Services

Several large investors have recently added to or reduced their stakes in LQDT. Harvest Fund Management Co. Ltd acquired a new stake in shares of Liquidity Services in the fourth quarter worth $38,000. nVerses Capital LLC acquired a new stake in Liquidity Services during the 3rd quarter worth about $48,000. R Squared Ltd purchased a new position in Liquidity Services during the 4th quarter valued at about $66,000. GAMMA Investing LLC grew its stake in Liquidity Services by 29.9% during the 3rd quarter. GAMMA Investing LLC now owns 4,362 shares of the business services provider’s stock valued at $99,000 after acquiring an additional 1,005 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Liquidity Services in the 4th quarter valued at about $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.