Insider Selling: MeridianLink, Inc. (NYSE:MLNK) Major Shareholder Sells 10,776 Shares of Stock

MeridianLink, Inc. (NYSE:MLNK) major shareholder Timothy Nguyen sold 10,776 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $23.02, for a total value of $248,063.52. Following the completion of the transaction, the insider now owns 10,751,935 shares of the company’s stock, valued at approximately $247,509,543.70. This trade represents a 0.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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 13th, Timothy Nguyen sold 100,000 shares of MeridianLink stock. The stock was sold at an average price of $23.50, for a total transaction of $2,350,000.00.

MeridianLink Price Performance

Shares of MLNK opened at $23.19 on Wednesday. The business’s fifty day simple moving average is $22.10 and its two-hundred day simple moving average is $21.60. MeridianLink, Inc. has a 12 month low of $16.49 and a 12 month high of $25.88. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.11.

Analyst Ratings Changes

A number of brokerages have weighed in on MLNK. Raymond James raised their target price on shares of MeridianLink from $26.00 to $28.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Barclays raised their price objective on MeridianLink from $18.00 to $20.00 and gave the company an “underweight” rating in a research report on Friday, August 9th. 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. Finally, Stifel Nicolaus lifted 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 issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $22.90.

Institutional Investors Weigh In On MeridianLink

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake 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 worth $51,542,000 after acquiring an additional 680,872 shares during the period. Polar Asset Management Partners Inc. purchased a new stake in MeridianLink in the third quarter worth approximately $8,598,000. Maven Securities LTD bought a new stake in MeridianLink in the 3rd quarter worth approximately $5,377,000. Dimensional Fund Advisors LP raised its stake in MeridianLink by 23.3% during 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 last quarter. Finally, State Street Corp lifted its holdings in shares of MeridianLink by 20.7% during the 3rd quarter. State Street Corp now owns 667,201 shares of the company’s stock valued at $13,724,000 after buying an additional 114,578 shares during the period. 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.