The insider sales are routine and non-informative given the small dollar amounts and the strong earnings backdrop. Monitor for any larger insider sales or changes in 10b5-1 plans, but this cluster alone does not warrant action. The earnings report's positive momentum (adjusted EBITDA +37%) is the more relevant signal.
Price Chart
Executive Summary
Two LQDT insiders sold a combined $126K in open-market sales within a week of the company's strong Q2 FY2026 earnings report. The sales are small relative to the $1.0B market cap (0.013%), and the cluster is driven by the General Counsel's option exercise and the CCO's routine sale. The earnings report showed solid growth (revenue +4%, GAAP net income +7%, adjusted EBITDA +37%), making the insider sales likely liquidity-driven rather than signaling fundamental weakness.
Key Financial Metrics
Key Facts
- Two insiders sold shares totaling $126K in open-market transactions within 7 days of Q2 FY2026 earnings.
- VP & General Counsel Shaffer sold 874 shares at $34.62 ($30K) after exercising options at $14/share.
- EVP & CCO Daunt sold 2,600 shares at $37.00 ($96K) on May 5, 2026.
- Total insider sales represent 0.013% of LQDT's $1.0B market cap — well below the 0.1% materiality threshold.
- Q2 FY2026 earnings (May 7): revenue $120.7M (+4% YoY), GAAP net income $7.5M (+7%), adjusted EBITDA $16.7M (+37%).
- Company has $204M cash and zero financial debt.
Financial Impact
Insider sales of $126K are immaterial relative to $1.0B market cap. Earnings results show modest revenue growth and strong margin expansion.
Risk Factors
- Insider sales could accelerate if the stock continues to rise post-earnings.
- Any future insider cluster exceeding 0.5% of market cap would be more concerning.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-LQDT-1778703954656 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 1, 2026 26d ago | Press Release | $43.23 $43.13 | ▼ −0.23% | ▼ −1.39% | $44.80 (+3.63%) |
Aug 6, 2026 11w ago | 8-K | $42.01 $42.94 | ▲ +2.21% | ▲ +1.00% | $44.80 (+6.64%) |
Jul 7, 2026 16w ago | Press Release | $38.03 $38.93 | ▲ +2.37% | ▲ +1.82% | $44.80 (+17.80%) |
Jul 7, 2026 16w ago | 8-K | $38.03 $38.93 | ▲ +2.37% | ▲ +1.82% | $44.80 (+17.80%) |
Jun 26, 2026 17w ago | 8-K | $39.09 $38.38 | ▼ −1.83% | ▼ −3.22% | $44.80 (+14.61%) |
Jun 26, 2026 17w ago | Insider Cluster | $39.09 $38.38 | ▼ −1.83% | ▼ −3.22% | $44.80 (+14.61%) |
Jun 11, 2026 19w ago | Institutional Cluster | $37.94 $36.54 | ▲ +3.69% | ▲ +4.12% | $44.80 (−18.08%) |
May 28, 2026 21w ago | Insider Cluster | $36.21 $37.23 | ▲ +2.82% | ▲ +5.34% | $44.80 (+23.72%) |
May 27, 2026 21w ago | Insider Cluster | $36.33 $36.94 | ▲ +1.68% | ▲ +1.36% | $44.80 (+23.31%) |
May 26, 2026 22w ago | Insider Cluster | $36.06 $36.14 | ▲ +0.22% | ▼ −0.25% | $44.80 (+24.24%) |
US Market Status
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