Liquidity Services, Inc. (NASDAQ:LQDT – Get Free Report) CFO Jorge Celaya sold 3,842 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $37.26, for a total value of $143,152.92. Following the transaction, the chief financial officer directly owned 66,895 shares of the company’s stock, valued at approximately $2,492,507.70. The trade was a 5.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Jorge Celaya also recently made the following trade(s):
- On Monday, June 1st, Jorge Celaya sold 9,951 shares of Liquidity Services stock. The stock was sold at an average price of $36.79, for a total transaction of $366,097.29.
- On Thursday, May 28th, Jorge Celaya sold 6,098 shares of Liquidity Services stock. The stock was sold at an average price of $36.40, for a total transaction of $221,967.20.
- 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 Down 1.6%
LQDT stock opened at $36.65 on Tuesday. Liquidity Services, Inc. has a 52 week low of $21.67 and a 52 week high of $38.83. The firm has a 50-day simple moving average of $34.14 and a 200-day simple moving average of $32.00. The stock has a market capitalization of $1.14 billion, a P/E ratio of 39.41 and a beta of 1.09.
Analyst Ratings Changes
Several analysts recently commented on LQDT shares. Weiss Ratings upgraded Liquidity Services from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Barrington Research reaffirmed an “outperform” rating and set a $44.00 target price on shares of Liquidity Services in a research note on Thursday, May 21st. Zacks Research lowered shares of Liquidity Services from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Finally, Wall Street Zen cut shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Liquidity Services has a consensus rating of “Hold” and an average price target of $44.00.
Get Our Latest Stock Report on LQDT
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of LQDT. AQR Capital Management LLC increased its position in Liquidity Services by 112.4% during the first quarter. AQR Capital Management LLC now owns 75,620 shares of the business services provider’s stock worth $2,345,000 after purchasing an additional 40,021 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Liquidity Services by 18.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,854 shares of the business services provider’s stock valued at $864,000 after purchasing an additional 4,344 shares during the last quarter. Caxton Associates LLP purchased a new stake in shares of Liquidity Services in the 1st quarter valued at approximately $254,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Liquidity Services by 9.1% in 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 valued at $2,419,000 after buying an additional 6,488 shares during the period. Finally, Jane Street Group LLC increased its holdings in shares of 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 buying an additional 14,684 shares during the last quarter. Hedge funds and other institutional investors own 71.15% of the company’s stock.
Liquidity Services Company Profile
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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