Microvast Holdings announces departure of chief financial officer
Mateus-Tique Jaime, a director at Liquidity Services Inc. (NASDAQ:LQDT), recently executed significant stock sales, according to a recent SEC filing. On March 24, Jaime sold 35,000 shares of common stock at a price of $31.93 per share. The following day, an additional 3,700 shares were sold at $33.19 per share. These transactions resulted in a total sale value of approximately $1.24 million. The sales come as the company, now valued at nearly $988 million, has seen its stock surge 79% over the past year. According to InvestingPro analysis, analysts maintain a bullish stance with price targets ranging from $40 to $42.
Post-transaction, Jaime retains direct ownership of 12,966 shares and indirect ownership through various trusts and family members. The shares are held under the Em El 2007 Irrevocable Trust, the Jaime Mateus-Tique 2005 Irrevocable Trust, and by Jaime’s spouse, reflecting continued indirect investment in the company. InvestingPro data reveals the company maintains a strong financial position with more cash than debt on its balance sheet. For deeper insights into insider trading patterns and comprehensive financial analysis, explore the full LQDT Pro Research Report, available with an InvestingPro subscription.
In other recent news, Liquidity Services Inc. reported a strong performance for the first quarter of fiscal year 2025, surpassing market expectations. The company achieved an earnings per share of $0.28, exceeding the forecasted $0.22, and reported a significant revenue increase to $122.3 million, well above the expected $45.19 million. This represents a 72% year-over-year revenue growth and a 205% increase in GAAP net income. Liquidity Services also announced a strategic partnership with Biocom California, aiming to support over 1,800 life science companies in California by facilitating the trade of surplus equipment.
The partnership is expected to foster growth and sustainability within the life science sector. Additionally, Liquidity Services disclosed the transcript of its recent earnings conference call, providing stakeholders with detailed insights into its financial performance and corporate strategies. In other developments, the company held its 2025 Annual Meeting of Stockholders, where directors William P. Angrick, III and Edward J. Kolodzieski were re-elected, and Deloitte & Touche LLP was ratified as the independent auditor. These recent developments underscore Liquidity Services’ commitment to transparency and strategic growth.
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