Short Interest in MeridianLink, Inc. (NYSE:MLNK) Rises By 35.2%

MeridianLink, Inc. (NYSE:MLNK) was the target of a large increase in short interest in December. As of December 31st, there was short interest totalling 1,420,000 shares, an increase of 35.2% from the December 15th total of 1,050,000 shares. Currently, 5.0% of the company’s stock are short sold. Based on an average daily volume of 318,500 shares, the days-to-cover ratio is presently 4.5 days.

Insider Buying and Selling at MeridianLink

In other news, major shareholder Timothy Nguyen sold 10,776 shares of MeridianLink stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $23.02, for a total value of $248,063.52. Following the completion of the sale, the insider now directly owns 10,751,935 shares in the company, valued at $247,509,543.70. The trade was a 0.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Thoma Bravo Ugp, Llc sold 650,000 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $21.05, for a total transaction of $13,682,500.00. Following the transaction, the insider now directly owns 28,932,388 shares of the company’s stock, valued at $609,026,767.40. The trade was a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 936,488 shares of company stock worth $20,208,238. 21.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On MeridianLink

Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in MeridianLink in the 3rd quarter worth about $231,000. Squarepoint Ops LLC bought a new position in shares of MeridianLink during the second quarter valued at approximately $336,000. The Manufacturers Life Insurance Company raised its holdings in shares of MeridianLink by 10.1% in the second quarter. The Manufacturers Life Insurance Company now owns 16,218 shares of the company’s stock worth $346,000 after buying an additional 1,490 shares during the period. XTX Topco Ltd bought a new stake in shares of MeridianLink during the 2nd quarter worth approximately $360,000. Finally, American Century Companies Inc. boosted its holdings in MeridianLink by 46.4% during the 2nd quarter. American Century Companies Inc. now owns 18,896 shares of the company’s stock valued at $404,000 after acquiring an additional 5,988 shares during the period. Institutional investors own 82.65% of the company’s stock.

MeridianLink Trading Down 0.1 %

NYSE:MLNK traded down $0.03 during midday trading on Thursday, hitting $19.36. 141,110 shares of the company traded hands, compared to its average volume of 245,211. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.11. The firm’s fifty day moving average is $21.88 and its 200-day moving average is $22.09. The firm has a market capitalization of $1.46 billion, a P/E ratio of -28.89 and a beta of 1.02. MeridianLink has a 12-month low of $16.49 and a 12-month high of $25.33.

Wall Street Analyst Weigh In

MLNK has been the subject of a number of research reports. Raymond James boosted 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 MeridianLink from a “sell” rating to a “neutral” rating and upped their price objective for the company from $18.00 to $22.50 in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price 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.