Key Points
- Liquidia CEO Roger Jeffs sold 6,428 shares on May 27 at an average price of $62.18, totaling about $399,693. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- Jeffs has been actively trimming his stake, with multiple earlier sales of 25,000 shares each in May and April. After the latest transaction, he still owned 1,041,667 shares valued at about $64.8 million.
- Liquidia recently reported strong quarterly results, posting EPS of $0.52 versus expectations of $0.41 and revenue of $132.87 million, well above estimates. Analysts currently rate the stock a Moderate Buy with an average target price of $50.88.
Liquidia Corporation (NASDAQ:LQDA - Get Free Report) CEO Roger Jeffs sold 6,428 shares of the business's stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $62.18, for a total transaction of $399,693.04. Following the transaction, the chief executive officer directly owned 1,041,667 shares of the company's stock, valued at $64,770,854.06. The trade was a 0.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Roger Jeffs also recently made the following trade(s):
- On Tuesday, May 26th, Roger Jeffs sold 25,000 shares of Liquidia stock. The stock was sold at an average price of $60.38, for a total transaction of $1,509,500.00.
- On Thursday, May 21st, Roger Jeffs sold 25,000 shares of Liquidia stock. The stock was sold at an average price of $61.13, for a total transaction of $1,528,250.00.
- On Tuesday, May 19th, Roger Jeffs sold 25,000 shares of Liquidia stock. The stock was sold at an average price of $58.65, for a total transaction of $1,466,250.00.
- On Friday, May 15th, Roger Jeffs sold 25,000 shares of Liquidia stock. The stock was sold at an average price of $57.04, for a total transaction of $1,426,000.00.
- On Wednesday, May 13th, Roger Jeffs sold 25,000 shares of Liquidia stock. The stock was sold at an average price of $56.29, for a total transaction of $1,407,250.00.
- On Monday, May 11th, Roger Jeffs sold 25,000 shares of Liquidia stock. The stock was sold at an average price of $41.50, for a total transaction of $1,037,500.00.
- On Thursday, May 7th, Roger Jeffs sold 25,000 shares of Liquidia stock. The stock was sold at an average price of $42.09, for a total transaction of $1,052,250.00.
- On Tuesday, May 5th, Roger Jeffs sold 25,000 shares of Liquidia stock. The stock was sold at an average price of $40.10, for a total transaction of $1,002,500.00.
- On Friday, April 17th, Roger Jeffs sold 18,839 shares of Liquidia stock. The shares were sold at an average price of $40.60, for a total transaction of $764,863.40.
- On Wednesday, April 15th, Roger Jeffs sold 25,000 shares of Liquidia stock. The shares were sold at an average price of $40.14, for a total transaction of $1,003,500.00.
Liquidia Price Performance
LQDA stock opened at $62.03 on Friday. Liquidia Corporation has a 52-week low of $11.85 and a 52-week high of $63.46. The company's 50 day simple moving average is $44.03 and its 200-day simple moving average is $38.31. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.22 and a quick ratio of 2.03. The firm has a market capitalization of $5.52 billion, a P/E ratio of 443.10 and a beta of 0.41.
Liquidia (NASDAQ:LQDA - Get Free Report) last released its quarterly earnings results on Monday, May 11th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.11. Liquidia had a net margin of 7.74% and a return on equity of 46.82%. The business had revenue of $132.87 million for the quarter, compared to analyst estimates of $119.44 million. The business's quarterly revenue was up 4187.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Liquidia Corporation will post 2.97 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Segall Bryant & Hamill LLC purchased a new position in Liquidia during the first quarter valued at approximately $2,111,000. Bank of America Corp DE grew its position in Liquidia by 18.7% during the first quarter. Bank of America Corp DE now owns 2,287,792 shares of the company's stock valued at $86,341,000 after purchasing an additional 360,372 shares in the last quarter. California State Teachers Retirement System grew its position in Liquidia by 25.0% during the first quarter. California State Teachers Retirement System now owns 72,438 shares of the company's stock valued at $2,734,000 after purchasing an additional 14,485 shares in the last quarter. Empowered Funds LLC purchased a new position in Liquidia during the first quarter valued at approximately $3,650,000. Finally, Eversept Partners LP grew its position in Liquidia by 33.0% during the first quarter. Eversept Partners LP now owns 677,392 shares of the company's stock valued at $25,565,000 after purchasing an additional 167,949 shares in the last quarter. 64.54% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on the stock. Lifesci Capital upgraded shares of Liquidia to a "strong-buy" rating in a report on Thursday, March 5th. Oppenheimer boosted their price objective on shares of Liquidia from $16.00 to $19.00 and gave the company an "underperform" rating in a research report on Thursday, March 12th. Wall Street Zen raised shares of Liquidia from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 16th. HC Wainwright boosted their price objective on shares of Liquidia from $55.00 to $67.00 and gave the company a "buy" rating in a research report on Tuesday, May 12th. Finally, Wells Fargo & Company boosted their price objective on shares of Liquidia from $51.00 to $62.00 and gave the company an "overweight" rating in a research report on Tuesday, May 12th. Three research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Liquidia currently has a consensus rating of "Moderate Buy" and an average target price of $50.88.
Get Our Latest Report on Liquidia
About Liquidia
(
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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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