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 MeridianLink stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $23.05, for a total value of $39,208.05. Following the completion of the sale, the insider now directly owns 10,728,234 shares in the company, valued at $247,285,793.70. This trade represents a 0.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions 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 Trading Down 0.3 %

Shares of NYSE MLNK traded down $0.06 during trading hours on Monday, reaching $23.29. The stock had a trading volume of 271,324 shares, compared to its average volume of 274,423. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.11. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of -34.76 and a beta of 0.98. The business’s fifty day moving average price is $22.03 and its two-hundred day moving average price is $21.77. MeridianLink, Inc. has a 52-week low of $16.49 and a 52-week high of $25.88.

Analyst Ratings Changes

Several brokerages have recently issued reports on MLNK. UBS Group raised MeridianLink from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $18.00 to $22.50 in a report on Monday, November 11th. Raymond James boosted their price objective on MeridianLink from $26.00 to $28.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Stifel Nicolaus boosted their price objective on MeridianLink from $18.00 to $22.00 and gave the stock a “hold” rating in a research note on Friday, August 9th. Finally, Barclays boosted their price objective on MeridianLink from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Friday, August 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $22.90.

Institutional Trading of MeridianLink

Large investors have recently modified their holdings of the company. nVerses Capital LLC purchased a new stake in shares of MeridianLink in the second quarter valued at approximately $41,000. SG Americas Securities LLC purchased a new stake in MeridianLink during the third quarter worth $231,000. Squarepoint Ops LLC purchased a new stake in MeridianLink during the second quarter worth $336,000. The Manufacturers Life Insurance Company lifted its holdings in MeridianLink by 10.1% during the second quarter. The Manufacturers Life Insurance Company now owns 16,218 shares of the company’s stock worth $346,000 after buying an additional 1,490 shares during the period. Finally, XTX Topco Ltd purchased a new stake in MeridianLink during the second quarter worth $360,000. Hedge funds and other 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.