Insider Selling: Liquidia (NASDAQ:LQDA) Insider Sells $29,714.72 in Stock

Liquidia Corporation (NASDAQ:LQDA) insider Jason Adair sold 688 shares of the business’s stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $43.19, for a total value of $29,714.72. Following the completion of the sale, the insider owned 177,269 shares of the company’s stock, valued at $7,656,248.11. This trade represents a 0.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Jason Adair also recently made the following trade(s):

• On Monday, October 12th, Jason Adair sold 7,301 shares of Liquidia stock. The shares were sold at an average price of $28.48, for a total transaction of $207,932.48.
• On Friday, August 21st, Jason Adair sold 73,631 shares of Liquidia stock. The shares were sold at an average price of $69.09, for a total transaction of $5,087,165.79.

Liquidia Stock Up 0.2%

LQDA stock opened at $45.06 on Friday. The stock has a market capitalization of $4.03 billion, a P/E ratio of 32.84, a P/E/G ratio of 0.39 and a beta of 0.61. The firm has a 50-day simple moving average of $52.99 and a 200-day simple moving average of $54.30. The company has a quick ratio of 2.12, a current ratio of 2.31 and a debt-to-equity ratio of 0.63. Liquidia Corporation has a 52 week low of $22.21 and a 52 week high of $93.61.

Liquidia (NASDAQ:LQDA) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.02). The firm had revenue of $171.68 million during the quarter, compared to analyst estimates of $168.48 million. Liquidia had a return on equity of 149.65% and a net margin of 30.74%. The business’s revenue was up 1842.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.49) earnings per share. Equities analysts forecast that Liquidia Corporation will post 2.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Needham & Company LLC cut their price target on shares of Liquidia from $72.00 to $58.00 and set a “buy” rating for the company in a report on Wednesday, October 14th. Wall Street Zen lowered shares of Liquidia from a “buy” rating to a “hold” rating in a report on Saturday, October 3rd. Piper Sandler set a $129.00 price target on shares of Liquidia in a research report on Friday, July 24th. Royal Bank Of Canada set a $65.00 price objective on shares of Liquidia in a research report on Thursday, October 15th. Finally, BTIG Research upgraded Liquidia from a “neutral” rating to a “buy” rating and set a $70.00 price target for the company in a research report on Wednesday, October 14th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $72.85.

Institutional Trading of Liquidia

Several hedge funds have recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund increased its holdings in Liquidia by 4.4% in the third quarter. Oregon Public Employees Retirement Fund now owns 16,700 shares of the company’s stock valued at $505,000 after buying an additional 700 shares during the last quarter. Profund Advisors LLC increased its stake in Liquidia by 226.3% in the third quarter. Profund Advisors LLC now owns 25,572 shares of the company’s stock valued at $774,000 after purchasing an additional 17,736 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in Liquidia by 12.3% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 17,400 shares of the company’s stock valued at $527,000 after purchasing an additional 1,900 shares during the last quarter. Hanseatic Management Services Inc. boosted its holdings in shares of Liquidia by 2.0% in the 3rd quarter. Hanseatic Management Services Inc. now owns 21,733 shares of the company’s stock valued at $658,000 after buying an additional 435 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. grew its position in shares of Liquidia by 26.2% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,557 shares of the company’s stock valued at $47,000 after buying an additional 323 shares during the last quarter. Institutional investors and hedge funds own 64.54% of the company’s stock.

Liquidia Company Profile

Liquidia Corporation is a biopharmaceutical company focused on developing and commercializing therapies for patients with pulmonary hypertension and other serious cardiopulmonary diseases. The company is headquartered in Research Triangle Park, North Carolina, and uses its proprietary PRINT technology to engineer drug particles with controlled size, shape and composition for inhaled and injectable medicines.

Liquidia’s lead product is Yutrepia (treprostinil) inhalation powder, a dry-powder formulation of treprostinil delivered through a proprietary inhaler.