Insider Selling: 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 stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $23.28, for a total value of $931,200.00. Following the sale, the insider now directly 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own at least 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 stock was 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 Up 1.5 %

NYSE MLNK opened at $23.33 on Thursday. The company has a market cap of $1.76 billion, a PE ratio of -34.91 and a beta of 0.99. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.11. MeridianLink, Inc. has a 12 month low of $16.49 and a 12 month high of $25.88. The stock has a 50 day moving average of $22.03 and a 200-day moving average of $21.85.

Institutional Investors Weigh In On MeridianLink

Several large investors have recently made changes to their positions in MLNK. nVerses Capital LLC acquired a new stake in shares of MeridianLink in the 2nd quarter valued at approximately $41,000. SG Americas Securities LLC acquired a new stake in shares of MeridianLink in the 3rd quarter valued at approximately $231,000. Squarepoint Ops LLC bought a new stake in MeridianLink in the 2nd quarter valued at $336,000. The Manufacturers Life Insurance Company raised its stake in MeridianLink by 10.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,218 shares of the company’s stock valued at $346,000 after acquiring an additional 1,490 shares during the period. Finally, XTX Topco Ltd bought a new stake in MeridianLink in the 2nd quarter valued at $360,000. Institutional investors and hedge funds own 82.65% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on MLNK shares. UBS Group raised MeridianLink from a “sell” rating to a “neutral” rating and increased their target price for the stock from $18.00 to $22.50 in a research note on Monday, November 11th. Barclays upped their price target on MeridianLink from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Friday, August 9th. Raymond James upped 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. Finally, Stifel Nicolaus upped 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 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average 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.