Why Liquidia Corporation (LQDA) Stock Is Down Today

Liquidia Corporation (LQDA) is down 3.7% today. Here is some analysis on what might have caused this price movement.

Analysis: The pullback appears tied to Liquidia’s second-quarter results, which showed strong sales growth but a slight earnings-per-share miss versus analyst expectations. This could also reflect profit-taking, since investors had already priced in a great deal of optimism around YUTREPIA’s commercial ramp and the company’s profitability trend.

Details:

Liquidia said on July 29, 2026 that it would report second-quarter 2026 financial results on August 12 and host a webcast that morning, putting the stock in focus for an earnings-driven move.

For the quarter, earnings per share came in at about $0.74, a bit below the consensus view near $0.76, while revenue of roughly $171.7 million was slightly ahead of expectations.

YUTREPIA net sales climbed to about $170.4 million in the quarter, and the company remained profitable with net income near $74.7 million, adjusted EBITDA around $96.3 million, and cash rising to roughly $284.2 million.

Management also reaffirmed its target of more than $1 billion in net revenue in 2027, while signaling a planned increase in second-half 2026 research and development spending tied to the Phase 3 program for L606.

Sources:

Liquidia Corporation, SEC, Investing.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$LQDA Insider Trading Activity

$LQDA insiders have traded $LQDA stock on the open market 117 times in the past 6 months. Of those trades, 1 have been purchases and 116 have been sales.

Here’s a breakdown of recent trading of $LQDA stock by insiders over the last 6 months:

STEPHEN M BLOCH has made 0 purchases and 48 sales selling 1,757,692 shares for an estimated $118,662,601.
ROGER JEFFS (Chief Executive Officer) has made 0 purchases and 21 sales selling 486,565 shares for an estimated $24,914,862.
MICHAEL KASETA (CFO and COO) has made 0 purchases and 9 sales selling 339,388 shares for an estimated $14,243,260.
PAUL B MANNING has made 0 purchases and 5 sales selling 200,000 shares for an estimated $12,782,058.
SCOTT MOOMAW (Chief Commercial Officer) has made 0 purchases and 7 sales selling 118,400 shares for an estimated $4,586,119.
SARAH KREPP (Chief Human Resource Officer) has made 0 purchases and 5 sales selling 37,301 shares for an estimated $2,485,739.
RAMAN SINGH sold 29,494 shares for an estimated $1,773,435
RUSSELL SCHUNDLER (General Counsel) has made 0 purchases and 3 sales selling 28,430 shares for an estimated $1,579,287.
RAJEEV SAGGAR (Chief Medical Officer) has made 0 purchases and 3 sales selling 19,146 shares for an estimated $1,063,587.
DANA BOYLE (Chief Accounting Officer) has made 0 purchases and 5 sales selling 17,279 shares for an estimated $1,039,054.
JASON ADAIR (Chief Business Officer) has made 0 purchases and 5 sales selling 16,540 shares for an estimated $931,303.
PARTNERS LP CALIGAN has made 1 purchase buying 5,300 shares for an estimated $317,894 and 1 sale selling 5,300 shares for an estimated $317,894.
SANJEEV KHINDRI (Chief Development Officer) has made 0 purchases and 3 sales selling 5,319 shares for an estimated $355,351.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$LQDA Hedge Fund Activity

We have seen 179 institutional investors add shares of $LQDA stock to their portfolio, and 108 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

BLACKROCK, INC. added 5,299,442 shares (+96.5%) to their portfolio in Q2 2026, for an estimated $422,524,510
TCG CROSSOVER MANAGEMENT, LLC removed 1,307,036 shares (-76.4%) from their portfolio in Q1 2026, for an estimated $49,327,538
FULLER & THALER ASSET MANAGEMENT, INC. added 1,209,604 shares (+inf%) to their portfolio in Q2 2026, for an estimated $96,441,726
STATE STREET CORP added 1,148,796 shares (+61.1%) to their portfolio in Q2 2026, for an estimated $91,593,505
PRICE T ROWE ASSOCIATES INC /MD/ added 916,040 shares (+2468.4%) to their portfolio in Q1 2026, for an estimated $34,571,349
SUSQUEHANNA INTERNATIONAL GROUP, LLP added 738,975 shares (+281.9%) to their portfolio in Q1 2026, for an estimated $27,888,916
FINDELL CAPITAL MANAGEMENT LLC added 650,663 shares (+22.8%) to their portfolio in Q1 2026, for an estimated $24,556,021

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$LQDA Price Targets

Multiple analysts have issued price targets for $LQDA recently. We have seen 6 analysts offer price targets for $LQDA in the last 6 months, with a median target of $72.5.

Here are some recent targets:

Jason Gerberry from B of A Securities set a target price of $79.0 on 06/29/2026
Julian Harrison from BTIG set a target price of $109.0 on 06/22/2026
Andrew S. Fein from HC Wainwright & Co. set a target price of $75.0 on 06/05/2026
Benjamin Burnett from Wells Fargo set a target price of $62.0 on 05/12/2026
Serge Belanger from Needham set a target price of $70.0 on 05/11/2026
Andreas Argyrides from Oppenheimer set a target price of $19.0 on 03/12/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.