Insider Selling: Liquidity Services, Inc. (NASDAQ:LQDT) Insider Sells 7,938 Shares of Stock

Liquidity Services, Inc. (NASDAQ:LQDT) insider Novelette Murray sold 7,938 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $33.96, for a total value of $269,574.48. Following the completion of the transaction, the insider now directly owns 36,181 shares in the company, valued at approximately $1,228,706.76. This represents a 17.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Novelette Murray also recently made the following trade(s):

• On Wednesday, February 12th, Novelette Murray sold 10,000 shares of Liquidity Services stock. The shares were sold at an average price of $34.88, for a total transaction of $348,800.00.

Liquidity Services Stock Down 2.7 %

Shares of LQDT stock traded down $0.90 during trading hours on Thursday, reaching $33.06. The company’s stock had a trading volume of 254,436 shares, compared to its average volume of 335,077. Liquidity Services, Inc. has a fifty-two week low of $16.79 and a fifty-two week high of $39.72. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 44.08 and a beta of 1.36. The firm’s 50 day simple moving average is $34.07 and its 200-day simple moving average is $27.25.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Liquidity Services by 25.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 71,511 shares of the business services provider’s stock valued at $2,309,000 after buying an additional 14,542 shares during the last quarter. Squarepoint Ops LLC bought a new stake in Liquidity Services in the fourth quarter valued at approximately $317,000. Two Sigma Advisers LP increased its position in Liquidity Services by 48.4% during the 4th quarter. Two Sigma Advisers LP now owns 69,300 shares of the business services provider’s stock valued at $2,238,000 after purchasing an additional 22,600 shares during the period. Two Sigma Investments LP raised its holdings in Liquidity Services by 108.1% during the 4th quarter. Two Sigma Investments LP now owns 98,014 shares of the business services provider’s stock worth $3,165,000 after purchasing an additional 50,925 shares during the last quarter. Finally, Tidal Investments LLC lifted its position in shares of Liquidity Services by 13.6% in the 4th quarter. Tidal Investments LLC now owns 40,415 shares of the business services provider’s stock worth $1,305,000 after purchasing an additional 4,849 shares during the period. 71.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

LQDT has been the subject of several analyst reports. StockNews.com cut shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Barrington Research reiterated an “outperform” rating and issued a $40.00 price target on shares of Liquidity Services in a research note on Tuesday, February 11th. Finally, Craig Hallum boosted their target price on shares of Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, December 13th.

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.