Timothy Nguyen Sells 1,701 Shares of MeridianLink, Inc. (NYSE:MLNK) Stock

MeridianLink, Inc. (NYSE:MLNK) major shareholder Timothy Nguyen sold 1,701 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $23.05, for a total transaction of $39,208.05. Following the sale, the insider now directly owns 10,728,234 shares in the company, valued at approximately $247,285,793.70. The trade was a 0.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major 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 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 transaction of $931,200.00.
• On Monday, November 25th, Timothy Nguyen sold 10,776 shares of MeridianLink stock. The shares were 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 Stock Performance

Shares of MeridianLink stock opened at $23.29 on Tuesday. The firm has a market capitalization of $1.76 billion, a P/E ratio of -34.76 and a beta of 0.98. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.11. MeridianLink, Inc. has a 52 week low of $16.49 and a 52 week high of $25.88. The firm’s 50 day moving average is $22.03 and its two-hundred day moving average is $21.77.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Barclays PLC boosted its stake in MeridianLink by 342.1% in the third quarter. Barclays PLC now owns 42,399 shares of the company’s stock valued at $872,000 after acquiring an additional 32,808 shares in the last quarter. 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 valued at $12,415,000 after purchasing an additional 65,834 shares during the last quarter. State Street Corp boosted its position in shares of MeridianLink by 20.7% in the 3rd quarter. State Street Corp now owns 667,201 shares of the company’s stock valued at $13,724,000 after purchasing an additional 114,578 shares during the period. Polar Asset Management Partners Inc. purchased a new position in MeridianLink during the 3rd quarter worth approximately $8,598,000. Finally, Maven Securities LTD acquired a new position in MeridianLink during the third quarter worth approximately $5,377,000. 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.