Insider Selling: Liquidity Services, Inc. (NASDAQ:LQDT) EVP Sells 4,546 Shares of Stock

Liquidity Services, Inc. (NASDAQ:LQDT - Get Free Report) EVP John Daunt sold 4,546 shares of the company's stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $31.68, for a total transaction of $144,017.28. Following the completion of the sale, the executive vice president now owns 43,309 shares of the company's stock, valued at approximately $1,372,029.12. This trade represents a 9.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Liquidity Services Trading Down 0.2 %

NASDAQ:LQDT traded down $0.07 during trading hours on Wednesday, hitting $31.09. 368,948 shares of the company traded hands, compared to its average volume of 135,426. The stock has a market capitalization of $955.74 million, a price-to-earnings ratio of 49.35 and a beta of 1.42. The firm has a 50-day moving average of $24.78 and a 200 day moving average of $22.41. Liquidity Services, Inc. has a twelve month low of $13.99 and a twelve month high of $36.00.

Institutional Trading of Liquidity Services

A number of hedge funds have recently modified their holdings of LQDT. nVerses Capital LLC bought a new stake in Liquidity Services in the third quarter valued at about $48,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Liquidity Services during the 2nd quarter worth approximately $87,000. GAMMA Investing LLC grew its position in Liquidity Services by 29.9% in the third 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 during the period. Centiva Capital LP acquired a new position in Liquidity Services during the third quarter worth $260,000. Finally, SG Americas Securities LLC bought a new position in shares of Liquidity Services during the third quarter valued at $298,000. Institutional investors own 71.15% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Craig Hallum lifted their price target on Liquidity Services from $28.00 to $37.00 and gave the company a "buy" rating in a report on Friday, December 13th. Barrington Research reissued an "outperform" rating and set a $27.00 target price on shares of Liquidity Services in a research report on Tuesday, December 10th. Finally, StockNews.com downgraded Liquidity Services from a "strong-buy" rating to 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.

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