Edward Kolodzeski, Director of Liquidity Services Inc. (NASDAQ:), recently sold shares of the company, according to a filing with the Securities and Exchange Commission. The transactions, which were carried out on December 20 and 23, included 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 impressive performance, gaining nearly 80% year-to-date.
Following these transactions, Kolodzieski now owns 17,229 shares of Liquidity Services' common stock. The sales were made under a pre-arranged trading plan, as described in the filing. according to InvestingPro According to the data, the company maintains impressive gross profit margins of 51% and achieved revenue growth of 15.5% over the past 12 months.
Liquidity Services, headquartered in Bethesda, Maryland, is a global leader in the management and disposition of surplus assets. The company's stock has seen various fluctuations, and insider transactions like these are often closely watched by investors to gain potential insights into the company's financial health and market position. InvestingPro The analysis indicates that the stock is currently trading near its fair value, with the platform offering over 15 additional investment insights and a comprehensive professional research report for deeper analysis.
In other recent news, Liquidity Services Inc. outperformed. Expectations in Q4 2024 earnings report, where earnings per share (EPS) and revenue exceeded expectations. The company reported fourth-quarter EPS of $0.32, beating expectations of $0.28, and revenue for the quarter came in at $106.9 million, more than double expectations of $50.88 million. Liquidity Services also reported annual gross merchandise volume (GMV) of $1.4 billion, up 14% year over year, and ended the quarter with $155.5 million in cash and no debt.
Additionally, the company shared a transcript of the earnings conference call, providing investors and analysts with an opportunity to review the company's performance and management's comments in detail. Liquidity Services maintains impressive gross profit margins of approximately 51% and has received a “Great” Financial Health rating from InvestingPro's comprehensive analysis system.
Looking ahead, Liquidity Services provided guidance for the first quarter of 2025, anticipating GVA of $350 million to $385 million and GAAP net income of $2.5 million to $5 million. The company aims to achieve a GMV of US$2 billion over the next few years and targets annual EBITDA of US$100 million, with a focus on expanding market share and improving service. CEO Bill Angrick expressed confidence in the company's strategic direction, emphasizing the role of Liquidity Services as a market leader in the circular economy.
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