MeridianLink, Inc. (NYSE:MLNK) Major Shareholder Timothy Nguyen Sells 100,000 Shares of Stock

MeridianLink, Inc. (NYSE:MLNK) major shareholder Timothy Nguyen sold 100,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $23.50, for a total transaction of $2,350,000.00. Following the completion of the sale, the insider now directly owns 10,928,412 shares in the company, valued at approximately $256,817,682. This represents a 0.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

MeridianLink Trading Down 3.0 %

Shares of MLNK stock opened at $22.02 on Friday. MeridianLink, Inc. has a 12-month low of $16.49 and a 12-month 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 company has a 50 day moving average of $22.24 and a 200-day moving average of $21.32. The firm has a market cap of $1.66 billion, a P/E ratio of -32.87 and a beta of 0.98.

Institutional Investors Weigh In On MeridianLink

Several large investors have recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. boosted its holdings in MeridianLink by 10.9% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 263,525 shares of the company’s stock worth $4,928,000 after buying an additional 25,906 shares during the period. SG Capital Management LLC bought a new position in shares of MeridianLink in the first quarter worth $2,117,000. Vanguard Group Inc. grew its position in shares of MeridianLink by 32.8% in the first quarter. Vanguard Group Inc. now owns 2,756,231 shares of the company’s stock valued at $51,542,000 after purchasing an additional 680,872 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of MeridianLink during the 3rd quarter valued at $231,000. Finally, Dimensional Fund Advisors LP lifted its holdings in MeridianLink by 23.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 797,074 shares of the company’s stock worth $17,026,000 after purchasing an additional 150,712 shares in the last quarter. Hedge funds and other institutional investors own 82.65% of the company’s stock.

Analysts Set New Price Targets

MLNK has been the subject of a number of recent analyst reports. Raymond James increased their price target on MeridianLink from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. UBS Group upgraded 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. Barclays increased their price target on MeridianLink from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Friday, August 9th. Finally, Stifel Nicolaus lifted their price objective on shares of MeridianLink from $18.00 to $22.00 and gave the company a “hold” rating in a research note on Friday, August 9th. One 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 presently has a consensus rating of “Hold” and an average price target of $22.90.

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.