MeridianLink, Inc. (NYSE:MLNK – Get Free Report) major shareholder Timothy Nguyen sold 10,776 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $23.02, for a total transaction of $248,063.52. Following the completion of the transaction, the insider now owns 10,751,935 shares of the company’s stock, valued at $247,509,543.70. This represents a 0.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Timothy Nguyen also recently made the following trade(s):
- On Wednesday, November 13th, Timothy Nguyen sold 100,000 shares of MeridianLink stock. The shares were sold at an average price of $23.50, for a total value of $2,350,000.00.
MeridianLink Stock Up 0.8 %
NYSE MLNK traded up $0.18 on Tuesday, reaching $23.19. The stock had a trading volume of 183,400 shares, compared to its average volume of 275,514. The business has a 50 day moving average price of $22.10 and a 200 day moving average price of $21.60. MeridianLink, Inc. has a 1 year low of $16.49 and a 1 year high of $25.88. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of -34.60 and a beta of 0.98. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.11.
Hedge Funds Weigh In On MeridianLink
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the company. Barclays lifted their price target on MeridianLink from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Friday, August 9th. Raymond James lifted their target price on shares of MeridianLink from $26.00 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Stifel Nicolaus upped their price target on shares of MeridianLink from $18.00 to $22.00 and gave the company a “hold” rating in a research report on Friday, August 9th. Finally, UBS Group upgraded shares of MeridianLink from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $18.00 to $22.50 in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $22.90.
Get Our Latest Report on MeridianLink
About MeridianLink
MeridianLink, Inc, a software and services company, provides software solutions for banks, credit unions, mortgage lenders, specialty lending providers, and consumer reporting agencies in the United States. The company offers MeridianLink One, a multi-product platform that can be tailored to meet the needs of customers as they digitally transform their organizations and adapt to changing business and consumer demands; MeridianLink Portal, a Point of Sale system that allows financial institutions to expand existing lending and deposit account; MeridianLink Opening, a cloud-based online account opening and deposit software solution; MeridianLink Consumer, a full loan solution suite to banks and credit unions; and MeridianLink DecisionLender, a loan origination software (LOS) for finance companies.
Further Reading
- Five stocks we like better than MeridianLink
- Russell 2000 Index, How Investors Use it For Profitable Trading
- Cerence Up 155% in 2 Days: SoundHound AI’s Fierce Competitor
- How to Start Investing in Real Estate
- Why Warren Buffett Is Selling: A Look at His Latest Market Moves
- What Are Growth Stocks and Investing in Them
- Why Amazon Shares May Never Trade Below $200 Again
Receive News & Ratings for MeridianLink Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MeridianLink and related companies with MarketBeat.com's FREE daily email newsletter.