Timothy Nguyen Sells 40,000 Shares of MeridianLink, Inc. (NYSE:MLNK) Stock

MeridianLink, Inc. (NYSE:MLNK) major shareholder Timothy Nguyen sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $23.28, for a total value of $931,200.00. Following the sale, the insider now directly owns 10,688,234 shares in the company, valued at approximately $248,822,087.52. The trade was a 0.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Timothy Nguyen also recently made the following trade(s):

• 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 value 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 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

MeridianLink stock opened at $22.98 on Wednesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.86 and a quick ratio of 1.86. The company has a market cap of $1.74 billion, a P/E ratio of -34.31 and a beta of 0.99. MeridianLink, Inc. has a fifty-two week low of $16.49 and a fifty-two week high of $25.88. The firm’s 50 day simple moving average is $22.03 and its 200-day simple moving average is $21.81.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on MLNK shares. Stifel Nicolaus upped their price target on shares of MeridianLink from $18.00 to $22.00 and gave the company a “hold” rating in a report on Friday, August 9th. Raymond James increased their target price on shares of 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 shares of MeridianLink from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $18.00 to $22.50 in a research report on Monday, November 11th. Finally, Barclays increased their price objective on MeridianLink from $18.00 to $20.00 and gave the company an “underweight” rating in a research report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $22.90.

Hedge Funds Weigh In On MeridianLink

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of MeridianLink by 32.8% in the first quarter. Vanguard Group Inc. now owns 2,756,231 shares of the company’s stock valued at $51,542,000 after purchasing an additional 680,872 shares in the last quarter. Polar Asset Management Partners Inc. purchased a new stake in MeridianLink in the 3rd quarter worth about $8,598,000. Maven Securities LTD acquired a new stake in MeridianLink during the 3rd quarter worth about $5,377,000. Dimensional Fund Advisors LP grew its stake in MeridianLink by 23.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 797,074 shares of the company’s stock valued at $17,026,000 after acquiring an additional 150,712 shares in the last quarter. Finally, State Street Corp increased its holdings 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. 82.65% of the stock is currently owned by hedge funds and other 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.