Edward Kolodzieski, a director at Liquidity Services Inc. (NASDAQ:LQDT), recently sold shares of the company, according to a filing with the Securities and Exchange Commission. The transactions, which were executed on December 20 and December 23, involved the sale of 28,000 shares of common stock. The shares were sold at prices ranging from $31.29 to $31.90, resulting in a total transaction value of approximately $877,340. The sale comes as the stock has shown remarkable performance, with a nearly 80% gain year-to-date.
Following these transactions, Kolodzieski now holds 17,229 shares of Liquidity Services' common stock. The sales were conducted under a prearranged trading plan, as indicated in the filing. According to InvestingPro data, the company maintains impressive gross profit margins of 51% and has achieved revenue growth of 15.5% over the last twelve months.
Liquidity Services, based in Bethesda, Maryland, is a global leader in surplus asset management and disposition. The company's stock has seen various fluctuations, and insider transactions like these are often closely monitored by investors for potential insights into the company's financial health and market position. InvestingPro analysis indicates the stock is currently trading near its Fair Value, with the platform offering 15+ additional investment insights and a comprehensive Pro Research Report for deeper analysis.
In other recent news, Liquidity Services Inc. has outperformed expectations in its Q4 2024 earnings report, with both earnings per share (EPS) and revenue exceeding projections. The company reported a Q4 EPS of $0.32, surpassing the forecast of $0.28, and revenue for the quarter reached $106.9 million, more than doubling the $50.88 million forecast. Liquidity Services also reported an annual Gross Merchandise Volume (GMV) of $1.4 billion, a 14% increase year-over-year, and ended the quarter with $155.5 million in cash and no debt.
Additionally, the company has shared the transcript of its earnings conference call, providing investors and analysts an opportunity to review the company's performance and management's comments in detail. Liquidity Services maintains impressive gross profit margins of nearly 51% and has received a "GREAT" financial health rating from InvestingPro's comprehensive analysis system.
Looking ahead, Liquidity Services provided guidance for Q1 2025, projecting GMV between $350 million and $385 million and GAAP net income of $2.5 million to $5 million. The company aims to achieve a GMV of $2 billion within the next few years and targets $100 million in annual EBITDA, focusing on market share expansion and service enhancements. CEO, Bill Angrick, expressed confidence in the company’s strategic direction, emphasizing Liquidity Services’ role as a market leader in the circular economy.
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