MeridianLink, Inc. (NYSE:MLNK - Get Free Report) CEO Nicolaas Vlok sold 71,598 shares of the stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $21.17, for a total value of $1,515,729.66. Following the completion of the sale, the chief executive officer now owns 1,043,382 shares of the company's stock, valued at $22,088,396.94. The trade was a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Nicolaas Vlok also recently made the following trade(s):
Shares of MeridianLink stock traded down $0.05 on Friday, reaching $21.04. 1,164,267 shares of the company's stock were exchanged, compared to its average volume of 277,163. The company has a market capitalization of $1.59 billion, a P/E ratio of -31.40 and a beta of 0.99. MeridianLink, Inc. has a 52 week low of $16.49 and a 52 week high of $25.88. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.86 and a current ratio of 1.86. The firm's 50-day moving average is $22.43 and its two-hundred day moving average is $22.11.
A number of institutional investors have recently modified their holdings of MLNK. Barclays PLC increased 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 purchasing an additional 32,808 shares in the last quarter. Geode Capital Management LLC grew its stake 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 buying an additional 65,834 shares during the period. State Street Corp increased its position in 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 buying an additional 114,578 shares in the last quarter. Polar Asset Management Partners Inc. bought a new position in MeridianLink in the third quarter worth approximately $8,598,000. Finally, Maven Securities LTD bought a new position in MeridianLink in the third quarter worth approximately $5,377,000. Institutional investors and hedge funds own 82.65% of the company's stock.
A number of equities analysts recently commented on MLNK shares. Raymond James lifted their price objective on MeridianLink from $26.00 to $28.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. UBS Group upgraded shares of MeridianLink from a "sell" rating to a "neutral" rating and boosted their price target for the stock from $18.00 to $22.50 in a research 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 given a buy rating to the company. Based on data from MarketBeat, MeridianLink currently has an average rating of "Hold" and a consensus price target of $22.90.
Check Out Our Latest Report on MLNK
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider MeridianLink, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MeridianLink wasn't on the list.
While MeridianLink currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.