MeridianLink, Inc. (NYSE:MLNK) Major Shareholder Sells $130,374.66 in Stock

MeridianLink, Inc. (NYSE:MLNK) major shareholder Timothy Nguyen sold 5,666 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $23.01, for a total transaction of $130,374.66. Following the completion of the transaction, the insider now directly owns 10,619,126 shares of the company’s stock, valued at approximately $244,346,089.26. The trade was a 0.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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, December 4th, Timothy Nguyen sold 27,500 shares of MeridianLink stock. The shares were sold at an average price of $23.43, for a total transaction of $644,325.00.
• 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 value 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 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 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 transaction of $2,350,000.00.

MeridianLink Stock Performance

NYSE MLNK traded up $0.20 on Wednesday, reaching $23.06. The stock had a trading volume of 202,087 shares, compared to its average volume of 272,137. The stock has a market cap of $1.74 billion, a P/E ratio of -34.13 and a beta of 0.99. MeridianLink, Inc. has a 12-month low of $16.49 and a 12-month high of $25.88. The business’s 50-day moving average price is $22.18 and its 200 day moving average price is $21.99. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.86 and a current ratio of 1.86.

Institutional Trading of MeridianLink

Several institutional investors and hedge funds have recently bought and sold shares of MLNK. WCM Investment Management LLC increased its stake in MeridianLink by 1.0% in the third quarter. WCM Investment Management LLC now owns 1,159,590 shares of the company’s stock valued at $24,340,000 after purchasing an additional 12,002 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of MeridianLink by 23.3% during the second quarter. Dimensional Fund Advisors LP now owns 797,074 shares of the company’s stock worth $17,026,000 after buying an additional 150,712 shares during the last quarter. 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 acquiring an additional 114,578 shares during the period. Geode Capital Management LLC raised its stake in MeridianLink by 12.2% during the 3rd quarter. Geode Capital Management LLC now owns 603,443 shares of the company’s stock valued at $12,415,000 after acquiring an additional 65,834 shares during the last quarter. Finally, Polar Asset Management Partners Inc. purchased a new position in shares of MeridianLink in the 3rd quarter valued at approximately $8,598,000. Hedge funds and other institutional investors own 82.65% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on MLNK shares. Raymond James increased their target price on MeridianLink from $26.00 to $28.00 and gave the company an “outperform” rating in a report on Friday, November 8th. UBS Group upgraded MeridianLink from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $18.00 to $22.50 in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $22.90.

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.