Insider Selling: MeridianLink, Inc. (NYSE:MLNK) CEO Sells 29,217 Shares of Stock

MeridianLink, Inc. (NYSE:MLNK) CEO Nicolaas Vlok sold 29,217 shares of MeridianLink stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $22.80, for a total transaction of $666,147.60. Following the transaction, the chief executive officer now directly owns 1,043,382 shares of the company’s stock, valued at $23,789,109.60. This represents a 2.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

MeridianLink Trading Down 1.5 %

Shares of NYSE MLNK traded down $0.34 during midday trading on Friday, hitting $22.43. 181,120 shares of the stock traded hands, compared to its average volume of 271,550. 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 one year low of $16.49 and a one year high of $25.88. The business has a 50 day moving average price of $22.29 and a two-hundred day moving average price of $22.00.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Raymond James boosted their price objective on MeridianLink from $26.00 to $28.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. UBS Group upgraded MeridianLink from a “sell” rating to a “neutral” rating and increased their price target for the stock from $18.00 to $22.50 in a report 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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $22.90.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Pure Financial Advisors LLC acquired a new stake in shares of MeridianLink in the 2nd quarter worth about $434,000. Bank of New York Mellon Corp increased its holdings in MeridianLink by 14.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 98,299 shares of the company’s stock worth $2,100,000 after purchasing an additional 12,302 shares in the last quarter. nVerses Capital LLC purchased a new stake in shares of MeridianLink in the second quarter worth approximately $41,000. Rhumbline Advisers boosted its position in shares of MeridianLink by 6.4% during the second quarter. Rhumbline Advisers now owns 43,865 shares of the company’s stock valued at $937,000 after buying an additional 2,633 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in MeridianLink by 46.4% during the second quarter. American Century Companies Inc. now owns 18,896 shares of the company’s stock worth $404,000 after buying an additional 5,988 shares in the last quarter. 82.65% of the stock is owned by institutional investors.

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.