Insider Selling: Liquidia Technologies (NASDAQ:LQDA) Insider Sells 5,327 Shares of Stock

Key Points

• Rajeev Saggar, an insider at Liquidia Technologies, sold 5,327 shares for a total of approximately $124,705, reducing his ownership by 2.10%.
• Liquidia Technologies' stock recently traded at $23.16 after a slight increase, with a market capitalization of $1.99 billion and a 52-week trading range between $9.71 and $29.94.
• Analysts have mixed ratings on Liquidia Technologies, with a consensus of "Moderate Buy" and a price target of about $32.38, suggesting potential upside.

Liquidia Technologies, Inc. (NASDAQ:LQDA - Get Free Report) insider Rajeev Saggar sold 5,327 shares of the stock in a transaction on Monday, October 13th. The stock was sold at an average price of $23.41, for a total value of $124,705.07. Following the sale, the insider directly owned 247,930 shares of the company's stock, valued at approximately $5,804,041.30. This represents a 2.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Rajeev Saggar also recently made the following trade(s):

• On Thursday, August 28th, Rajeev Saggar sold 20,000 shares of Liquidia Technologies stock. The stock was sold at an average price of $27.85, for a total value of $557,000.00.
• On Thursday, August 28th, Rajeev Saggar sold 20,000 shares of Liquidia Technologies stock. The stock was sold at an average price of $27.85, for a total value of $557,000.00.
• On Monday, July 21st, Rajeev Saggar sold 2,526 shares of Liquidia Technologies stock. The shares were sold at an average price of $14.54, for a total value of $36,728.04.

Liquidia Technologies Price Performance

Liquidia Technologies stock traded up $0.39 during midday trading on Wednesday, reaching $23.16. The company's stock had a trading volume of 1,994,182 shares, compared to its average volume of 1,944,347. Liquidia Technologies, Inc. has a fifty-two week low of $9.71 and a fifty-two week high of $29.94. The company has a debt-to-equity ratio of 9.84, a quick ratio of 2.41 and a current ratio of 2.49. The stock's 50 day simple moving average is $25.00 and its 200 day simple moving average is $18.47. The firm has a market capitalization of $1.99 billion, a PE ratio of -13.62 and a beta of 0.15.

Liquidia Technologies (NASDAQ:LQDA - Get Free Report) last released its quarterly earnings results on Tuesday, August 12th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.43) by ($0.06). The firm had revenue of $8.84 million for the quarter, compared to analyst estimates of $3.90 million. Liquidia Technologies had a negative return on equity of 232.96% and a negative net margin of 732.17%.The firm's revenue was up 141.5% on a year-over-year basis. On average, equities research analysts forecast that Liquidia Technologies, Inc. will post -1.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

LQDA has been the subject of a number of research reports. HC Wainwright reiterated a "buy" rating and set a $35.00 target price on shares of Liquidia Technologies in a report on Monday, October 6th. Wells Fargo & Company boosted their price target on Liquidia Technologies from $25.00 to $31.00 and gave the company an "overweight" rating in a report on Wednesday, August 13th. Weiss Ratings restated a "sell (d-)" rating on shares of Liquidia Technologies in a research note on Wednesday, October 8th. Jefferies Financial Group assumed coverage on shares of Liquidia Technologies in a research report on Friday, August 15th. They issued a "buy" rating and a $43.00 target price for the company. Finally, Needham & Company LLC upped their price objective on Liquidia Technologies from $32.00 to $36.00 and gave the company a "buy" rating in a report on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.38.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LQDA. NewEdge Advisors LLC acquired a new position in Liquidia Technologies during the second quarter valued at $25,000. Hurley Capital LLC acquired a new position in Liquidia Technologies during the first quarter valued at $32,000. GAMMA Investing LLC raised its position in Liquidia Technologies by 65.6% during the first quarter. GAMMA Investing LLC now owns 2,961 shares of the company's stock valued at $44,000 after buying an additional 1,173 shares during the period. Steward Partners Investment Advisory LLC raised its position in Liquidia Technologies by 24.0% during the second quarter. Steward Partners Investment Advisory LLC now owns 6,200 shares of the company's stock valued at $77,000 after buying an additional 1,200 shares during the period. Finally, Quarry LP acquired a new position in Liquidia Technologies during the first quarter valued at $79,000. 64.54% of the stock is owned by institutional investors and hedge funds.

Liquidia Technologies Company Profile

Liquidia Corporation, a biopharmaceutical company, develops, manufactures, and commercializes various products for unmet patient needs in the United States. Its lead product candidates include YUTREPIA, an inhaled dry powder formulation of treprostinil for the treatment of pulmonary arterial hypertension (PAH) and pulmonary hypertension associated with interstitial lung disease (PH-ILD).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.