Liquidia Technologies, Inc. (NASDAQ:LQDA) CFO Sells $600,000.00 in Stock

Key Points

• Liquidia Technologies CFO Michael Kaseta sold $600,000 worth of stock on August 5th, reducing his ownership by 7.38%.
• The company's stock traded down $1.10 to $19.21 on Thursday, with a twelve-month range between $8.26 and $20.57.
• Liquidia's last earnings report showed an EPS of ($0.45), missing the estimated EPS by ($0.03), highlighting ongoing financial challenges.

Liquidia Technologies, Inc. (NASDAQ:LQDA - Get Free Report) CFO Michael Kaseta sold 30,000 shares of the firm's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $20.00, for a total transaction of $600,000.00. Following the completion of the transaction, the chief financial officer owned 376,412 shares of the company's stock, valued at approximately $7,528,240. The trade was a 7.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Michael Kaseta also recently made the following trade(s):

• On Monday, July 14th, Michael Kaseta sold 11,580 shares of Liquidia Technologies stock. The shares were sold at an average price of $14.28, for a total transaction of $165,362.40.

Liquidia Technologies Stock Performance

LQDA stock traded down $1.10 during midday trading on Thursday, hitting $19.21. 1,846,711 shares of the company traded hands, compared to its average volume of 1,650,125. Liquidia Technologies, Inc. has a twelve month low of $8.26 and a twelve month high of $20.57. The company has a quick ratio of 2.91, a current ratio of 2.93 and a debt-to-equity ratio of 2.08. The business has a 50 day simple moving average of $15.40 and a 200-day simple moving average of $15.07. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of -12.16 and a beta of 0.14.

Liquidia Technologies (NASDAQ:LQDA - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.42) by ($0.03). Liquidia Technologies had a negative return on equity of 177.91% and a negative net margin of 903.80%. The company had revenue of $3.12 million for the quarter, compared to the consensus estimate of $3.23 million. As a group, equities research analysts predict that Liquidia Technologies, Inc. will post -1.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on LQDA shares. Bank of America cut their target price on shares of Liquidia Technologies from $25.00 to $23.00 and set a "buy" rating for the company in a research report on Wednesday, June 11th. BTIG Research reiterated a "buy" rating on shares of Liquidia Technologies in a research report on Tuesday, May 27th. Wall Street Zen upgraded shares of Liquidia Technologies from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. HC Wainwright increased their target price on shares of Liquidia Technologies from $29.00 to $35.00 and gave the stock a "buy" rating in a research report on Wednesday, May 28th. Finally, Needham & Company LLC reaffirmed a "buy" rating on shares of Liquidia Technologies in a research report on Monday, June 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $26.89.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new stake in shares of Liquidia Technologies in the 4th quarter valued at $218,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Liquidia Technologies during the 4th quarter worth about $169,000. Vanguard Group Inc. increased its position in shares of Liquidia Technologies by 3.4% during the 4th quarter. Vanguard Group Inc. now owns 3,557,296 shares of the company's stock worth $41,834,000 after purchasing an additional 115,367 shares in the last quarter. Corebridge Financial Inc. increased its position in shares of Liquidia Technologies by 2.3% during the 4th quarter. Corebridge Financial Inc. now owns 31,516 shares of the company's stock worth $371,000 after purchasing an additional 694 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Liquidia Technologies by 8.2% during the 4th quarter. Geode Capital Management LLC now owns 1,339,254 shares of the company's stock worth $15,753,000 after purchasing an additional 101,597 shares in the last quarter. Institutional investors and hedge funds own 64.54% of the company's stock.

About Liquidia Technologies

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).

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