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Liquidia shares jump as United Therapeutics settlement clears major YUTREPIA overhang

Investivoq PriceTracker

Liquidia Corporation (LQDA) is up 28.1% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is Liquidia’s newly announced global settlement with United Therapeutics, which appears to remove a major legal overhang on YUTREPIA and gives investors more clarity on the product’s path in pulmonary arterial hypertension. The rally also seems supported by management’s disclosure of strong preliminary third-quarter YUTREPIA sales and a sizable cash balance, which may have eased concerns about the cost of the settlement.

Details:

  • Liquidia said it reached a global agreement that resolves all six pending lawsuits with United Therapeutics.
  • The company said YUTREPIA will remain available to patients with pulmonary arterial hypertension without disruption, reducing fears of a broader market restriction.
  • Liquidia disclosed preliminary third-quarter 2026 YUTREPIA net product sales of $222.7 million and cash and equivalents of $396.1 million as of September 30, 2026.
  • The move may also reflect a relief rebound after the September 30 litigation update had created uncertainty around possible remedies tied to the PH-ILD label and product availability.

    • Sources:

    Liquidia Corporation, SEC, Reuters

    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 Insider Trades

    $LQDA insiders have traded $LQDA stock on the open market 114 times in the past 6 months. Of those trades, 1 have been purchases and 113 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 45 sales selling 1,922,935 shares for an estimated $122,516,432.
    • ROGER JEFFS (Chief Executive Officer) has made 0 purchases and 18 sales selling 436,832 shares for an estimated $22,596,260.
    • PAUL B MANNING has made 0 purchases and 5 sales selling 200,000 shares for an estimated $12,782,058.
    • MICHAEL KASETA (CFO and COO) has made 0 purchases and 6 sales selling 178,758 shares for an estimated $7,595,559.
    • RAJEEV SAGGAR (Chief Medical Officer) has made 0 purchases and 5 sales selling 98,678 shares for an estimated $6,944,550.
    • JASON ADAIR (Chief Business Officer) has made 0 purchases and 7 sales selling 90,171 shares for an estimated $5,946,321.
    • KATHERINE RIELLY-GAUVIN has made 0 purchases and 2 sales selling 55,182 shares for an estimated $4,087,434.
    • RAMAN SINGH has made 0 purchases and 3 sales selling 46,986 shares for an estimated $2,952,888.
    • SARAH KREPP (Chief Human Resource Officer) has made 0 purchases and 6 sales selling 38,263 shares for an estimated $2,478,831.
    • RUSSELL SCHUNDLER (General Counsel) has made 0 purchases and 3 sales selling 28,430 shares for an estimated $1,443,873.
    • DANA BOYLE (Chief Accounting Officer) has made 0 purchases and 5 sales selling 18,070 shares for an estimated $1,011,133.
    • SCOTT MOOMAW (Chief Commercial Officer) has made 0 purchases and 3 sales selling 18,402 shares for an estimated $934,559.
    • 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 4 sales selling 6,420 shares for an estimated $386,708.

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

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    $LQDA Hedge Fund Activity

    We have seen 218 institutional investors add shares of $LQDA stock to their portfolio, and 106 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
    • FULLER & THALER ASSET MANAGEMENT, INC. added 1,209,604 shares (+inf%) to their portfolio in Q2 2026, for an estimated $96,441,726
    • PRICE T ROWE ASSOCIATES INC /MD/ added 987,213 shares (+103.6%) to their portfolio in Q2 2026, for an estimated $78,710,492
    • SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 674,033 shares (+inf%) to their portfolio in Q2 2026, for an estimated $53,740,651
    • JANE STREET GROUP, LLC removed 654,343 shares (-82.2%) from their portfolio in Q2 2026, for an estimated $52,170,767
    • AMERICAN CENTURY COMPANIES INC added 542,131 shares (+inf%) to their portfolio in Q2 2026, for an estimated $43,224,104
    • SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 530,014 shares (-52.9%) from their portfolio in Q2 2026, for an estimated $42,258,016

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

    $LQDA Price Targets

    Multiple analysts have issued price targets for $LQDA recently. We have seen 5 analysts offer price targets for $LQDA in the last 6 months, with a median target of $75.0.

    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

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