Insider Selling: MeridianLink, Inc. (NYSE:MLNK) Major Shareholder Sells 100,000 Shares of Stock

MeridianLink, Inc. (NYSE:MLNK) major shareholder Timothy Nguyen sold 100,000 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $23.50, for a total value of $2,350,000.00. Following the transaction, the insider now directly owns 10,928,412 shares of the company’s stock, valued at $256,817,682. The trade was a 0.91 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

MeridianLink Price Performance

Shares of MLNK stock opened at $22.02 on Friday. 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 has a market cap of $1.66 billion, a P/E ratio of -32.87 and a beta of 0.98. The business’s 50 day moving average price is $22.24 and its 200-day moving average price is $21.32. MeridianLink, Inc. has a fifty-two week low of $16.49 and a fifty-two week high of $25.88.

Analyst Upgrades and Downgrades

MLNK has been the topic of a number of research analyst reports. Raymond James increased their price target on shares of MeridianLink from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Stifel Nicolaus boosted their price objective on MeridianLink from $18.00 to $22.00 and gave the company a “hold” rating in a research report on Friday, August 9th. UBS Group upgraded shares of MeridianLink from a “sell” rating to a “neutral” rating and raised their target price for the stock from $18.00 to $22.50 in a report on Monday, November 11th. Finally, Barclays upped their price target on shares of MeridianLink from $18.00 to $20.00 and gave the company an “underweight” rating in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, MeridianLink has a consensus rating of “Hold” and a consensus price target of $22.90.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. lifted its holdings in shares of MeridianLink by 26.4% during the first quarter. Russell Investments Group Ltd. now owns 15,430 shares of the company’s stock valued at $289,000 after purchasing an additional 3,226 shares during the last quarter. Vanguard Group Inc. grew 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 worth $51,542,000 after acquiring an additional 680,872 shares during the period. Keenan Capital LLC boosted its holdings in shares of MeridianLink by 9.6% in the first quarter. Keenan Capital LLC now owns 2,565,269 shares of the company’s stock worth $47,971,000 after buying an additional 225,000 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in MeridianLink by 10.9% during the first quarter. Jacobs Levy Equity Management Inc. now owns 263,525 shares of the company’s stock valued at $4,928,000 after buying an additional 25,906 shares during the period. Finally, SG Capital Management LLC purchased a new stake in MeridianLink during the first quarter valued at approximately $2,117,000. 82.65% of the stock is 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.