MeridianLink, Inc. (NYSE:MLNK) Major Shareholder Sells $931,200.00 in Stock

MeridianLink, Inc. (NYSE:MLNK) major shareholder Timothy Nguyen sold 40,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $23.28, for a total value of $931,200.00. Following the transaction, the insider now owns 10,688,234 shares of the company’s stock, valued at approximately $248,822,087.52. The trade was a 0.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% 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 Wednesday, November 27th, Timothy Nguyen sold 1,701 shares of MeridianLink stock. The shares were sold at an average price of $23.05, for a total value of $39,208.05.
• 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 Trading Down 0.3 %

MLNK traded down $0.06 during trading hours on Monday, reaching $23.29. 271,324 shares of the company’s stock traded hands, compared to its average volume of 274,423. The firm has a 50-day moving average price of $22.03 and a 200 day moving average price of $21.77. MeridianLink, Inc. has a 52-week low of $16.49 and a 52-week high of $25.88. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $1.76 billion, a PE ratio of -34.60 and a beta of 0.98.

Hedge Funds Weigh In On MeridianLink

A number of large investors have recently bought and sold shares of MLNK. Barclays PLC lifted its holdings in shares of MeridianLink by 342.1% in the 3rd quarter. Barclays PLC now owns 42,399 shares of the company’s stock worth $872,000 after buying an additional 32,808 shares during the period. Geode Capital Management LLC lifted its holdings in shares of MeridianLink by 12.2% in the 3rd quarter. Geode Capital Management LLC now owns 603,443 shares of the company’s stock worth $12,415,000 after buying an additional 65,834 shares during the period. State Street Corp lifted 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 buying an additional 114,578 shares during the period. Polar Asset Management Partners Inc. purchased a new stake in shares of MeridianLink in the 3rd quarter worth $8,598,000. Finally, Maven Securities LTD purchased a new stake in shares of MeridianLink in the 3rd quarter worth $5,377,000. Hedge funds and other institutional investors own 82.65% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. UBS Group raised 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 note on Monday, November 11th. Stifel Nicolaus boosted their target price on MeridianLink from $18.00 to $22.00 and gave the company a “hold” rating in a research report on Friday, August 9th. Raymond James boosted their target price on MeridianLink from $26.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, Barclays boosted 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. 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 stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price 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.