MeridianLink, Inc. (NYSE:MLNK) CEO Sells $666,147.60 in Stock

MeridianLink, Inc. (NYSE:MLNK) CEO Nicolaas Vlok sold 29,217 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $22.80, for a total transaction of $666,147.60. Following the transaction, the chief executive officer now owns 1,043,382 shares in the company, valued at approximately $23,789,109.60. The trade was a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

MeridianLink Price Performance

Shares of NYSE MLNK opened at $22.43 on Friday. The firm has a market cap of $1.69 billion, a P/E ratio of -33.47 and a beta of 0.99. The business’s 50 day moving average is $22.32 and its 200-day moving average is $22.03. 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 1-year low of $16.49 and a 1-year high of $25.88.

Analyst Ratings Changes

A number of equities analysts have weighed in on MLNK shares. UBS Group raised 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. Raymond James boosted their target price on MeridianLink from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $22.90.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in MLNK. FMR LLC grew its stake in shares of MeridianLink by 5.1% in the third quarter. FMR LLC now owns 23,408 shares of the company’s stock valued at $482,000 after acquiring an additional 1,139 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of MeridianLink by 10.1% during the second quarter. The Manufacturers Life Insurance Company now owns 16,218 shares of the company’s stock worth $346,000 after purchasing an additional 1,490 shares during the period. nVerses Capital LLC bought a new stake in shares of MeridianLink in the second quarter valued at approximately $41,000. Rhumbline Advisers boosted its stake in shares of MeridianLink by 6.4% in the second quarter. Rhumbline Advisers now owns 43,865 shares of the company’s stock valued at $937,000 after buying an additional 2,633 shares during the period. Finally, American Century Companies Inc. grew its position in MeridianLink by 46.4% during the second quarter. American Century Companies Inc. now owns 18,896 shares of the company’s stock worth $404,000 after buying an additional 5,988 shares in the last quarter. Institutional investors own 82.65% of the company’s stock.

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.