Key Points
- CEO Roger Jeffs sold 25,000 shares on April 15 at an average price of $40.14 for $1,003,500 under a pre‑arranged Rule 10b5‑1 plan, leaving him with 1,466,934 shares (a 1.68% reduction in ownership).
- Jeffs completed multiple early‑April sales (Apr. 9–15) — five transactions totaling over $4.25 million — creating concentrated insider selling despite being planned trades.
- Meanwhile, Liquidia beat quarterly EPS and revenue estimates (revenue up ~3,072% YoY), the stock opened around $41.40, analysts show a consensus "Moderate Buy" with a $43.44 target, and institutional ownership is high at ~64.5%.
Liquidia Corporation (NASDAQ:LQDA - Get Free Report) CFO Michael Kaseta sold 3,000 shares of the stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $40.00, for a total transaction of $120,000.00. Following the completion of the transaction, the chief financial officer owned 405,775 shares in the company, valued at approximately $16,231,000. This trade represents a 0.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Michael Kaseta also recently made the following trade(s):
- On Wednesday, April 15th, Michael Kaseta sold 139,390 shares of Liquidia stock. The stock was sold at an average price of $40.14, for a total transaction of $5,595,114.60.
- On Monday, April 13th, Michael Kaseta sold 18,958 shares of Liquidia stock. The stock was sold at an average price of $38.37, for a total transaction of $727,418.46.
- On Friday, April 10th, Michael Kaseta sold 23,821 shares of Liquidia stock. The stock was sold at an average price of $40.14, for a total transaction of $956,174.94.
- On Thursday, April 9th, Michael Kaseta sold 133,789 shares of Liquidia stock. The stock was sold at an average price of $40.24, for a total transaction of $5,383,669.36.
Liquidia Price Performance
Shares of NASDAQ:LQDA opened at $41.40 on Friday. Liquidia Corporation has a twelve month low of $11.85 and a twelve month high of $46.67. The company's 50 day moving average is $36.63 and its 200 day moving average is $33.14. The company has a current ratio of 2.01, a quick ratio of 1.84 and a debt-to-equity ratio of 2.97. The company has a market cap of $3.65 billion, a PE ratio of -49.88 and a beta of 0.45.
Liquidia (NASDAQ:LQDA - Get Free Report) last issued its quarterly earnings results on Thursday, March 5th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.07. Liquidia had a negative net margin of 43.53% and a negative return on equity of 209.33%. The company had revenue of $92.02 million for the quarter, compared to the consensus estimate of $87.49 million. The company's revenue for the quarter was up 3072.4% on a year-over-year basis. On average, sell-side analysts forecast that Liquidia Corporation will post -1.51 EPS for the current year.
Institutional Investors Weigh In On Liquidia
Several hedge funds have recently bought and sold shares of the stock. Covestor Ltd boosted its position in Liquidia by 41.9% in the 4th quarter. Covestor Ltd now owns 1,216 shares of the company's stock worth $42,000 after purchasing an additional 359 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Liquidia by 7.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,304 shares of the company's stock worth $217,000 after purchasing an additional 422 shares in the last quarter. Whitcomb & Hess Inc. boosted its position in Liquidia by 2.0% in the 3rd quarter. Whitcomb & Hess Inc. now owns 28,385 shares of the company's stock worth $645,000 after purchasing an additional 558 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Liquidia during the 4th quarter valued at approximately $25,000. Finally, ProShare Advisors LLC lifted its position in shares of Liquidia by 7.1% during the 4th quarter. ProShare Advisors LLC now owns 11,756 shares of the company's stock valued at $405,000 after buying an additional 775 shares in the last quarter. Hedge funds and other institutional investors own 64.54% of the company's stock.
Analysts Set New Price Targets
LQDA has been the topic of several research reports. Zacks Research downgraded shares of Liquidia from a "strong-buy" rating to a "hold" rating in a report on Friday, February 27th. Jefferies Financial Group upped their price objective on Liquidia from $45.00 to $55.00 and gave the stock a "buy" rating in a research report on Tuesday, January 13th. Oppenheimer upped their price objective on Liquidia from $16.00 to $19.00 and gave the stock an "underperform" rating in a research report on Thursday, March 12th. Wall Street Zen upgraded Liquidia from a "hold" rating to a "buy" rating in a research report on Saturday, March 7th. Finally, Wells Fargo & Company upped their price objective on Liquidia from $44.00 to $51.00 and gave the stock an "overweight" rating in a research report on Monday, March 23rd. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.44.
View Our Latest Stock Analysis on Liquidia
Key Stories Impacting Liquidia
Here are the key news stories impacting Liquidia this week:
- Positive Sentiment: Earnings beat and improving near‑term fundamentals — Liquidia reported stronger‑than‑expected revenue and EPS for the quarter (revenue and EPS beat consensus), which supports upside vs. expectations and likely underpins buying momentum. MarketBeat: Liquidia Stock
- Positive Sentiment: Analyst support — multiple firms have reiterated or raised ratings/targets (including upgrades and higher price targets), giving institutional and retail buyers a constructive research backdrop. MarketBeat: Analyst Coverage
- Neutral Sentiment: High institutional ownership (~64.5%) and selective inflows — large holders can stabilize the stock, so insider sales don’t automatically translate into sustained selling pressure if institutions hold or add. MarketBeat: Institutional Holdings
- Negative Sentiment: Concentrated insider selling — several executives sold meaningful blocks of shares (CEO and CFO among them) under pre‑arranged Rule 10b5‑1 plans; the scale and timing of these sales can create negative investor perception despite being planned. SEC Filing: Kaseta Sale
- Negative Sentiment: CEO/C-suite sales add to concern — CEO Roger Jeffs disclosed multi‑date sales (including a 25,000‑share block), which, together with other officer transactions, may cap upside near recent highs. SEC Filing: Jeffs Sale
About Liquidia
(
Get Free Report)
Liquidia Technologies, Inc is a clinical-stage biopharmaceutical company headquartered in Research Triangle Park, North Carolina. The company leverages its proprietary PRINT® (Particle Replication In Non-wetting Templates) platform to engineer precisely shaped and sized drug particles, with the goal of improving delivery, efficacy and safety profiles. By controlling particle characteristics at the nanoscale, Liquidia seeks to enhance respiratory and other therapies that depend on targeted delivery.
The company's lead product candidate, LIQ861, is a dry powder formulation of treprostinil designed for inhalation in patients with pulmonary arterial hypertension (PAH).
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