Liquidity services CTO sells shares worth over $940,000

Published 13/02/2025, 00:46
Liquidity services CTO sells shares worth over $940,000

Steven Weiskircher, the Senior Vice President and Chief Technology Officer of Liquidity Services Inc. (NASDAQ:LQDT), a company whose stock has surged nearly 120% over the past year and maintains a GOOD financial health score according to InvestingPro, recently reported significant stock transactions. On February 10 and 11, Weiskircher sold a total of 31,280 shares of common stock at prices ranging from $34.01 to $35.26, amounting to a total value of approximately $940,420.

In addition to these sales, Weiskircher exercised multiple stock options on February 10 and 11. These exercises involved acquiring shares at prices between $9.46 and $22.2, with a total value of $27,514. Some of the shares acquired through these exercises were subsequently used to cover the cost and taxes associated with the transactions.

Following these transactions, Weiskircher’s direct ownership of Liquidity Services common stock stands at 44,575 shares.

In other recent news, Liquidity Services has reported an impressive financial performance for the first quarter of 2025, with earnings per share (EPS) of $0.28, surpassing the forecasted $0.22. Furthermore, the company’s revenue saw a substantial increase to $122.3 million, significantly exceeding the expected $45.19 million. Liquidity Services also recently announced its strategic partnership with Biocom California, a leading life science association. This collaboration aims to provide support for life science companies in California, offering avenues to recoup capital and achieve savings by buying and selling surplus equipment. These recent developments highlight Liquidity Services’ commitment to providing value-added resources that support business operations and scientific innovation in the life science sector.

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