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Murray Novelette, Chief Human Resources Officer at Liquidity Services Inc. (NASDAQ:LQDT), recently reported selling 18,947 shares of the company’s common stock. The sale comes as the company’s stock has delivered an impressive 92.8% return over the past year, with the company now commanding a market capitalization of $1.02 billion. The transactions, dated February 25 and 26, 2025, were executed at prices ranging from $33.96 to $34.84 per share, totaling $653,128.
Following these sales, Novelette’s direct ownership stands at 25,172 shares. The transactions also included the net issuance of shares from restricted stock units, with some shares withheld to cover taxes and others sold.
In other recent news, Liquidity Services Inc. has reported its financial results for the first quarter of fiscal year 2025, significantly surpassing market expectations. The company achieved an earnings per share (EPS) of $0.28, exceeding the forecast of $0.22, and reported a revenue increase to $122.3 million, well above the expected $45.19 million. This represents a 72% year-over-year increase in revenue and a 205% rise in GAAP net income. Liquidity Services has also announced a strategic partnership with Biocom California, integrating its services into the Core by Biocom California savings portfolio. This collaboration aims to help over 1,800 life science companies in California optimize their surplus equipment management. Additionally, the company has released a transcript of its recent earnings call, providing stakeholders with detailed insights into its financial performance and corporate strategies. Liquidity Services continues to expand its market presence in the $100 billion circular economy, as highlighted by CEO Bill Angrick during the earnings call. The company is also enhancing its auction capabilities through the strategic acquisition of SimpleAuction, a move expected to broaden its market reach.
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