MeridianLink, Inc. (NYSE:MLNK – Get Free Report) major shareholder Timothy Nguyen sold 27,500 shares of MeridianLink stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $23.43, for a total value of $644,325.00. Following the transaction, the insider now owns 10,640,130 shares in the company, valued at approximately $249,298,245.90. This represents a 0.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s stock 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 Wednesday, November 27th, Timothy Nguyen sold 1,701 shares of MeridianLink stock. The shares were sold at an average price of $23.05, for a total transaction of $39,208.05.
- 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 transaction of $248,063.52.
- On Wednesday, November 13th, Timothy Nguyen sold 100,000 shares of MeridianLink stock. The shares were sold at an average price of $23.50, for a total value of $2,350,000.00.
MeridianLink Stock Down 1.9 %
MLNK traded down $0.44 on Thursday, hitting $22.88. 172,395 shares of the company were exchanged, compared to its average volume of 273,673. The firm has a 50-day moving average price of $22.04 and a two-hundred day moving average price of $21.86. 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 twelve month low of $16.49 and a twelve month high of $25.88. The company has a market cap of $1.73 billion, a price-to-earnings ratio of -34.13 and a beta of 0.99.
Analyst Ratings Changes
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Institutional Trading of MeridianLink
A number of large investors have recently made changes to their positions in the company. Barclays PLC grew its holdings in MeridianLink by 342.1% during the 3rd quarter. Barclays PLC now owns 42,399 shares of the company’s stock worth $872,000 after acquiring an additional 32,808 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of MeridianLink by 12.2% during the 3rd quarter. Geode Capital Management LLC now owns 603,443 shares of the company’s stock worth $12,415,000 after purchasing an additional 65,834 shares during the last quarter. State Street Corp grew its stake in shares of MeridianLink by 20.7% during the third quarter. State Street Corp now owns 667,201 shares of the company’s stock worth $13,724,000 after purchasing an additional 114,578 shares in the last quarter. Polar Asset Management Partners Inc. purchased a new position in MeridianLink in the third quarter valued at $8,598,000. Finally, Maven Securities LTD acquired a new stake in MeridianLink in the third quarter valued at $5,377,000. 82.65% of the stock is currently 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.
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