Insider Selling: MeridianLink, Inc. (NYSE:MLNK) CEO Sells 71,598 Shares of Stock

MeridianLink, Inc. (NYSE:MLNK) CEO Nicolaas Vlok sold 71,598 shares of the stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $21.17, for a total transaction of $1,515,729.66. Following the transaction, the chief executive officer now owns 1,043,382 shares in the company, valued at approximately $22,088,396.94. This trade represents a 6.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Nicolaas Vlok also recently made the following trade(s):

• On Thursday, December 12th, Nicolaas Vlok sold 29,217 shares of MeridianLink stock. The shares were sold at an average price of $22.80, for a total transaction of $666,147.60.

MeridianLink Stock Performance

Shares of MLNK opened at $21.04 on Friday. The business has a 50-day simple moving average of $22.44 and a two-hundred day simple moving average of $22.13. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.11. MeridianLink, Inc. has a 52 week low of $16.49 and a 52 week high of $25.88. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of -31.40 and a beta of 0.99.

Analyst Ratings Changes

Several analysts recently commented on the company. UBS Group upgraded MeridianLink from a “sell” rating to a “neutral” rating and upped their price objective for the company from $18.00 to $22.50 in a research report on Monday, November 11th. Raymond James upped their price target on shares of MeridianLink from $26.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $22.90.

Institutional Investors Weigh In On MeridianLink

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its position in shares of MeridianLink by 24.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 218,104 shares of the company’s stock valued at $4,486,000 after acquiring an additional 42,302 shares in the last quarter. SG Americas Securities LLC purchased a new position in MeridianLink in the 3rd quarter worth approximately $231,000. Maven Securities LTD bought a new position in MeridianLink in the 3rd quarter worth approximately $5,377,000. Seven Grand Managers LLC purchased a new stake in MeridianLink during the 3rd quarter valued at approximately $2,057,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of MeridianLink by 23.3% in the second quarter. Dimensional Fund Advisors LP now owns 797,074 shares of the company’s stock worth $17,026,000 after buying an additional 150,712 shares in the last quarter. Institutional investors own 82.65% of the company’s stock.

MeridianLink Company Profile

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.