Liquidity Services, Inc. (NASDAQ:LQDT) CFO Sells $564,014.00 in Stock

Liquidity Services, Inc. (NASDAQ:LQDT) CFO Jorge Celaya sold 16,540 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $34.10, for a total transaction of $564,014.00. Following the completion of the transaction, the chief financial officer now owns 33,608 shares in the company, valued at $1,146,032.80. The trade was a 32.98 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Liquidity Services Trading Down 1.4 %

Shares of LQDT opened at $30.96 on Friday. Liquidity Services, Inc. has a 1-year low of $13.99 and a 1-year high of $36.00. The firm’s 50-day moving average price is $24.97 and its 200-day moving average price is $22.48. The firm has a market capitalization of $951.74 million, a price-to-earnings ratio of 49.14 and a beta of 1.42.

Wall Street Analyst Weigh In

LQDT has been the topic of several recent analyst reports. Craig Hallum raised their target price on Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Barrington Research reiterated an “outperform” rating and issued a $27.00 price objective on shares of Liquidity Services in a research report on Tuesday, December 10th. Finally, StockNews.com upgraded Liquidity Services from a “buy” rating to a “strong-buy” rating in a report on Saturday.

Institutional Trading of Liquidity Services

Institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC grew its holdings in shares of Liquidity Services by 29.9% during the 3rd 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 during the period. Franklin Resources Inc. boosted its position in shares of Liquidity Services by 7.3% during the third quarter. Franklin Resources Inc. now owns 15,009 shares of the business services provider’s stock valued at $339,000 after purchasing an additional 1,019 shares in the last quarter. nVerses Capital LLC purchased a new stake in Liquidity Services in the third quarter worth $48,000. Geode Capital Management LLC raised its holdings in Liquidity Services by 0.5% in the third quarter. Geode Capital Management LLC now owns 515,584 shares of the business services provider’s stock worth $11,757,000 after purchasing an additional 2,392 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its position in Liquidity Services by 5.2% during the second quarter. Public Sector Pension Investment Board now owns 48,925 shares of the business services provider’s stock valued at $978,000 after buying an additional 2,430 shares during the period. 71.15% of the stock is currently owned by hedge funds and other institutional investors.

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.