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Jorge Celaya, the Executive Vice President and Chief Financial Officer of Liquidity Services Inc. (NASDAQ:LQDT), recently sold shares in the company. The sale comes as the stock has shown remarkable performance, with a 120% gain over the past year according to InvestingPro data. According to a filing with the SEC, Celaya sold a total of 17,500 shares of common stock over two days. On February 10, he sold 10,000 shares at $34.25 each, totaling $342,500. Two days later, on February 12, he sold an additional 7,500 shares at $35.33 each, amounting to $264,975. The total value of these transactions is $607,475. Following these sales, Celaya, through the Jorge Celaya Revocable Trust, holds 27,275 shares of Liquidity Services. The company, currently valued at $1.11 billion, trades at a P/E ratio of 45.5 and maintains a "GOOD" financial health score according to InvestingPro, which offers comprehensive insider trading analysis among its 15+ additional insights for this stock.
In other recent news, Liquidity Services, a leading player in B2B e-commerce marketplaces for surplus assets, has reported impressive financial results for the first quarter of fiscal year 2025. The company recorded an earnings per share (EPS) of $0.28, surpassing the market’s expectation of $0.22. Liquidity Services also reported a significant revenue increase to $122.3 million, well above the anticipated $45.19 million.
Additionally, Liquidity Services has announced a strategic partnership with Biocom California, a major life science association. This collaboration aims to provide substantial support for life science companies in California by offering avenues to recoup capital and achieve savings through the purchase and sale of surplus equipment. The partnership is expected to foster innovation, sustainability, and growth within the life science industry.
In line with its commitment to transparency, Liquidity Services has released a transcript of its earnings conference call. The transcript provides stakeholders and investors with insights into the company’s financial performance and operational developments. This information is based on a press release statement and offers a factual account of the company’s recent earnings call.
These developments underscore Liquidity Services’ commitment to providing value-added resources that support business operations and scientific innovation in various sectors, as well as maintaining transparency with its investors.
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