MeridianLink, Inc. (NYSE:MLNK) Major Shareholder Timothy Nguyen Sells 10,776 Shares

MeridianLink, Inc. (NYSE:MLNK) 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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of MeridianLink by 32.8% during the first quarter. Vanguard Group Inc. now owns 2,756,231 shares of the company’s stock worth $51,542,000 after buying an additional 680,872 shares during the last quarter. WCM Investment Management LLC lifted its holdings in shares of MeridianLink by 1.0% during the third quarter. WCM Investment Management LLC now owns 1,159,590 shares of the company’s stock valued at $24,340,000 after acquiring an additional 12,002 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of MeridianLink by 23.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 797,074 shares of the company’s stock valued at $17,026,000 after purchasing an additional 150,712 shares in the last quarter. State Street Corp grew its holdings in shares of MeridianLink by 20.7% in the 3rd quarter. State Street Corp now owns 667,201 shares of the company’s stock worth $13,724,000 after purchasing an additional 114,578 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of MeridianLink by 12.2% during the 3rd quarter. Geode Capital Management LLC now owns 603,443 shares of the company’s stock worth $12,415,000 after purchasing an additional 65,834 shares in the last quarter. Institutional investors and hedge funds own 82.65% of the company’s stock.

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.

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.