MeridianLink, Inc. (NYSE:MLNK) Major Shareholder Sells $39,208.05 in Stock

MeridianLink, Inc. (NYSE:MLNK) major shareholder Timothy Nguyen sold 1,701 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $23.05, for a total value of $39,208.05. Following the sale, the insider now owns 10,728,234 shares of the company’s stock, valued at approximately $247,285,793.70. This represents a 0.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Timothy Nguyen also recently made the following trade(s):

• On Monday, December 2nd, Timothy Nguyen sold 40,000 shares of MeridianLink stock. The stock was sold at an average price of $23.28, for a total value of $931,200.00.
• On Monday, November 25th, Timothy Nguyen sold 10,776 shares of MeridianLink stock. The stock was sold at an average price of $23.02, for a total value of $248,063.52.
• On Wednesday, November 13th, Timothy Nguyen sold 100,000 shares of MeridianLink stock. The stock was sold at an average price of $23.50, for a total value of $2,350,000.00.

MeridianLink Price Performance

Shares of MLNK stock traded down $0.06 during mid-day trading on Monday, hitting $23.29. 271,324 shares of the stock were exchanged, compared to its average volume of 274,423. The company has a market cap of $1.76 billion, a PE ratio of -34.76 and a beta of 0.98. MeridianLink, Inc. has a 52-week low of $16.49 and a 52-week high of $25.88. The firm has a fifty day moving average of $22.03 and a 200 day moving average of $21.77. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.11.

Wall Street Analysts Forecast Growth

MLNK has been the topic of a number of recent analyst reports. Barclays upped their target price on MeridianLink from $18.00 to $20.00 and gave the company an “underweight” rating in a research report on Friday, August 9th. Raymond James increased their price target on MeridianLink from $26.00 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. UBS Group raised MeridianLink from a “sell” rating to a “neutral” rating and increased their price target for the stock from $18.00 to $22.50 in a research report on Monday, November 11th. Finally, Stifel Nicolaus increased their price target on MeridianLink from $18.00 to $22.00 and gave the stock a “hold” rating in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $22.90.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of MeridianLink by 32.8% during the 1st 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. Polar Asset Management Partners Inc. purchased a new position in MeridianLink in the 3rd quarter valued at approximately $8,598,000. Maven Securities LTD purchased a new position in MeridianLink in the 3rd quarter valued at approximately $5,377,000. Dimensional Fund Advisors LP boosted its position in 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 buying an additional 150,712 shares during the period. Finally, State Street Corp lifted its position in shares of MeridianLink by 20.7% during 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. 82.65% of the stock is owned by hedge funds and other institutional investors.

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.