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In a recent transaction, Mateus-Tique Jaime, a director at Liquidity Services Inc (NASDAQ:LQDT), a company currently valued at approximately $949 million with its stock trading at $30.60, sold 35,000 shares of the company’s common stock. The shares were sold at a price of $29.45 each, amounting to a total transaction value of approximately $1,030,750. Following this sale, Jaime holds 12,966 shares directly. According to InvestingPro, the stock has delivered an impressive 65% return over the past year, though it’s currently trading at a relatively high P/E ratio of 39. Additionally, Jaime maintains indirect ownership of shares through various trusts and family members, including 333,262 shares by the Em El 2007 Irrevocable Trust, 163,208 shares by the Jaime Mateus-Tique 2005 Irrevocable Trust, and 100,000 shares by his spouse. InvestingPro analysis suggests the stock is currently overvalued, with 13 additional ProTips available to subscribers, including insights on the company’s financial health and growth prospects.
In other recent news, Liquidity Services Inc. reported impressive financial results for the first quarter of fiscal year 2025. The company achieved an earnings per share of $0.28, surpassing the forecasted $0.22, and recorded a significant revenue increase to $122.3 million, well above the expected $45.19 million. Liquidity Services also experienced a 72% year-over-year revenue growth and a 205% increase in GAAP net income compared to the previous year. Additionally, the company’s consolidated gross merchandise volume reached $386.1 million, marking a 26% year-over-year increase. In another development, Liquidity Services announced a strategic partnership with Biocom California to support life science companies by facilitating the trade of surplus equipment. Furthermore, shareholders at Liquidity Services’ 2025 Annual Meeting re-elected William P. Angrick, III and Edward J. Kolodzieski as directors and ratified Deloitte & Touche LLP as the independent auditor for Fiscal 2025. These recent developments highlight Liquidity Services’ ongoing expansion and strategic initiatives.
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