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Beatriz Infante, a director at Liquidity Services Inc. (NASDAQ:LQDT), recently sold 5,000 shares of the company’s common stock. The shares were sold at a price of $35.36 each, amounting to a total transaction value of $176,800. Following this sale, Infante holds 82,990 shares in the company. The sale comes as LQDT shares have surged over 107% in the past year, with the company maintaining a market capitalization of $1.07 billion. According to InvestingPro analysis, the stock currently trades above its Fair Value, with analysts setting price targets between $40-42.
In addition to the stock sale, Infante holds 9,306 restricted stock units, which are set to vest on March 11, 2025. Each unit is equivalent to one share of Liquidity Services common stock. InvestingPro data shows the company maintains strong financial health with a ’GREAT’ overall score, holding more cash than debt on its balance sheet. Discover 15 additional ProTips and comprehensive analysis in the Pro Research Report, available exclusively to InvestingPro subscribers.
In other recent news, Liquidity Services Inc. has reported its financial results for the first quarter of fiscal year 2025, exceeding market expectations. The company achieved an earnings per share of $0.28, surpassing the forecast of $0.22, and recorded a significant revenue increase to $122.3 million, well above the expected $45.19 million. Liquidity Services also reported a 72% year-over-year increase in revenue and a 205% rise in GAAP net income compared to the previous year. Additionally, Liquidity Services has formed a strategic partnership with Biocom California, a life science association, to integrate into the Core by Biocom California savings portfolio. This collaboration aims to help Biocom California’s 1,800 members recoup capital by trading surplus equipment. Furthermore, the company has made its earnings call transcript available, providing insights into its financial performance and corporate strategies. This transparency aligns with Liquidity Services’ commitment to keeping investors informed. The company continues to focus on expanding its market presence in the circular economy and enhancing its auction capabilities through strategic acquisitions.
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