Timothy Nguyen Sells 27,500 Shares of MeridianLink, Inc. (NYSE:MLNK) Stock

MeridianLink, Inc. (NYSE:MLNK) 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

MLNK has been the subject of several research analyst reports. Barclays increased their target price on shares of MeridianLink from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Friday, August 9th. UBS Group upgraded shares of MeridianLink from a “sell” rating to a “neutral” rating and lifted their target price for the company from $18.00 to $22.50 in a report on Monday, November 11th. Raymond James lifted 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. Finally, Stifel Nicolaus raised their target price on MeridianLink from $18.00 to $22.00 and gave the company a “hold” rating in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, MeridianLink has a consensus rating of “Hold” and an average price target of $22.90.

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.