The insider sales are routine and do not signal deteriorating fundamentals given the strong earnings report. Monitor for any larger insider sales or changes in guidance.
Price Chart
Executive Summary
Three insiders at Liquidity Services sold a total of $365K in open-market sales over a 7-day window, following a strong Q2 FY2026 earnings report (revenue +4%, GAAP net income +7%, Adjusted EBITDA +37%). The sales are small relative to the $1.0B market cap (0.04%) and include a director and two executives, one of whom also exercised derivatives. The cluster is likely routine post-earnings liquidity and diversification, not a bearish signal.
Key Financial Metrics
Key Facts
- Three insiders sold shares between May 5-11, 2026, totaling $365K in open-market sales.
- Sales represent ~0.04% of LQDT's $1.0B market cap — well below the 0.1% materiality threshold.
- Director Mateus-Tique sold $239K; VP/GC Shaffer sold $30K (plus derivative exercises); EVP Daunt sold $96K.
- Sales occurred 4-6 days after the company reported Q2 FY2026 results: revenue +4% YoY, GAAP EPS +5%, Adjusted EBITDA +37%.
- No 10b5-1 plan or regular pattern identified, but post-earnings selling is common for liquidity.
Financial Impact
Total insider sales of $365K, or ~0.04% of market cap — immaterial.
Risk Factors
- Insider sales could accelerate if the stock continues to rise, but no evidence of coordinated bearish view.
- The company's circular economy model is exposed to macroeconomic cycles and commodity price fluctuations.
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-1778704052228 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 1, 2026 25d ago | Press Release | $43.23 $43.13 | ▼ −0.23% | ▼ −1.39% | $45.42 (+5.07%) |
Aug 6, 2026 11w ago | 8-K | $42.01 $42.94 | ▲ +2.21% | ▲ +1.00% | $45.42 (+8.12%) |
Jul 7, 2026 16w ago | Press Release | $38.03 $38.93 | ▲ +2.37% | ▲ +1.82% | $45.42 (+19.43%) |
Jul 7, 2026 16w ago | 8-K | $38.03 $38.93 | ▲ +2.37% | ▲ +1.82% | $45.42 (+19.43%) |
Jun 26, 2026 17w ago | 8-K | $39.09 $38.38 | ▼ −1.83% | ▼ −3.22% | $45.42 (+16.19%) |
Jun 26, 2026 17w ago | Insider Cluster | $39.09 $38.38 | ▼ −1.83% | ▼ −3.22% | $45.42 (+16.19%) |
Jun 11, 2026 19w ago | Institutional Cluster | $37.94 $36.54 | ▲ +3.69% | ▲ +4.12% | $45.42 (−19.72%) |
May 28, 2026 21w ago | Insider Cluster | $36.21 $37.23 | ▲ +2.82% | ▲ +5.34% | $45.42 (+25.43%) |
May 27, 2026 21w ago | Insider Cluster | $36.33 $36.94 | ▲ +1.68% | ▲ +1.36% | $45.42 (+25.02%) |
May 26, 2026 21w ago | Insider Cluster | $36.06 $36.14 | ▲ +0.22% | ▼ −0.25% | $45.42 (+25.96%) |
US Market Status
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