Jorge Celaya Sells 16,540 Shares of Liquidity Services, Inc. (NASDAQ:LQDT) Stock

Liquidity Services, Inc. (NASDAQ:LQDT) CFO Jorge Celaya sold 16,540 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $34.10, for a total value of $564,014.00. Following the sale, the chief financial officer now directly owns 33,608 shares in the company, valued at approximately $1,146,032.80. This represents a 32.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Liquidity Services Stock Performance

Shares of LQDT opened at $31.41 on Friday. The firm has a fifty day moving average of $24.97 and a 200-day moving average of $22.48. The company has a market cap of $965.57 million, a price-to-earnings ratio of 49.86 and a beta of 1.42. Liquidity Services, Inc. has a 1 year low of $13.99 and a 1 year high of $36.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Royce & Associates LP bought a new stake in shares of Liquidity Services during the third quarter valued at approximately $488,000. Allspring Global Investments Holdings LLC bought a new stake in Liquidity Services during the 3rd quarter valued at $1,311,000. Intech Investment Management LLC acquired a new position in Liquidity Services during the 3rd quarter worth $518,000. Acadian Asset Management LLC grew its stake in shares of Liquidity Services by 15.7% in the second quarter. Acadian Asset Management LLC now owns 503,600 shares of the business services provider’s stock worth $10,060,000 after purchasing an additional 68,407 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of Liquidity Services by 31.2% during the third quarter. BNP Paribas Financial Markets now owns 24,912 shares of the business services provider’s stock valued at $568,000 after purchasing an additional 5,929 shares during the period. 71.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Barrington Research reiterated an “outperform” rating and set a $27.00 target price on shares of Liquidity Services in a research note on Tuesday, December 10th. StockNews.com downgraded shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 13th. Finally, Craig Hallum raised their target price on shares of Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, December 13th.

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.