Rajeev Saggar Sells 6,249 Shares of Liquidia Co. (NASDAQ:LQDA) Stock

Liquidia Co. (NASDAQ:LQDAGet Free Report) insider Rajeev Saggar sold 6,249 shares of the business’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $11.78, for a total transaction of $73,613.22. Following the sale, the insider now owns 270,388 shares of the company’s stock, valued at approximately $3,185,170.64. The trade was a 2.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Rajeev Saggar also recently made the following trade(s):

  • On Friday, October 18th, Rajeev Saggar sold 2,526 shares of Liquidia stock. The shares were sold at an average price of $11.19, for a total transaction of $28,265.94.

Liquidia Price Performance

Shares of NASDAQ LQDA traded down $0.40 during trading hours on Tuesday, reaching $11.36. The stock had a trading volume of 552,977 shares, compared to its average volume of 728,753. The business’s fifty day moving average is $11.18 and its two-hundred day moving average is $11.02. The company has a market cap of $961.48 million, a price-to-earnings ratio of -6.97 and a beta of 0.23. Liquidia Co. has a twelve month low of $8.26 and a twelve month high of $16.99.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Whitcomb & Hess Inc. raised its stake in shares of Liquidia by 10.2% in the third quarter. Whitcomb & Hess Inc. now owns 11,599 shares of the company’s stock valued at $116,000 after purchasing an additional 1,074 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Liquidia by 10.7% in the second quarter. Arizona State Retirement System now owns 13,842 shares of the company’s stock valued at $166,000 after purchasing an additional 1,341 shares in the last quarter. Quest Partners LLC acquired a new position in Liquidia during the second quarter worth $27,000. Profund Advisors LLC raised its stake in Liquidia by 31.6% during the second quarter. Profund Advisors LLC now owns 14,434 shares of the company’s stock worth $173,000 after acquiring an additional 3,466 shares in the last quarter. Finally, DMC Group LLC raised its stake in Liquidia by 36.7% during the third quarter. DMC Group LLC now owns 13,883 shares of the company’s stock worth $139,000 after acquiring an additional 3,725 shares in the last quarter. 64.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on LQDA shares. Needham & Company LLC reissued a “buy” rating and set a $19.00 price target on shares of Liquidia in a report on Thursday, January 9th. HC Wainwright reaffirmed a “buy” rating and issued a $29.00 price objective on shares of Liquidia in a report on Thursday, November 14th. Lifesci Capital initiated coverage on shares of Liquidia in a report on Thursday, October 3rd. They issued an “outperform” rating and a $30.00 price objective for the company. Scotiabank initiated coverage on shares of Liquidia in a report on Wednesday, October 16th. They issued a “sector outperform” rating and a $30.00 price target for the company. Finally, Wells Fargo & Company initiated coverage on shares of Liquidia in a report on Friday, December 20th. They issued an “overweight” rating and a $20.00 price target for the company. One analyst has rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Liquidia has a consensus rating of “Buy” and a consensus target price of $25.38.

Get Our Latest Analysis on LQDA

About Liquidia

(Get Free Report)

Liquidia Corporation, a biopharmaceutical company, develops, manufactures, and commercializes various products for unmet patient needs in the United States. Its lead product candidates include YUTREPIA, an inhaled dry powder formulation of treprostinil for the treatment of pulmonary arterial hypertension (PAH) and pulmonary hypertension associated with interstitial lung disease (PH-ILD).

Further Reading

Insider Buying and Selling by Quarter for Liquidia (NASDAQ:LQDA)

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