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

MeridianLink, Inc. (NYSE:MLNK) CEO Nicolaas Vlok sold 29,217 shares of MeridianLink stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $22.80, for a total value of $666,147.60. Following the transaction, the chief executive officer now owns 1,043,382 shares in the company, valued at $23,789,109.60. This trade represents a 2.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

MeridianLink Trading Down 1.5 %

NYSE:MLNK opened at $22.42 on Monday. The company has a market cap of $1.69 billion, a P/E ratio of -33.46 and a beta of 0.99. MeridianLink, Inc. has a twelve month low of $16.49 and a twelve month high of $25.88. The business has a 50 day moving average price of $22.32 and a two-hundred day moving average price of $22.07. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.11.

Institutional Trading of MeridianLink

Institutional investors have recently made changes to their positions in the business. WCM Investment Management LLC raised its holdings in MeridianLink by 1.0% during the third quarter. WCM Investment Management LLC now owns 1,159,590 shares of the company’s stock worth $24,340,000 after acquiring an additional 12,002 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of MeridianLink by 23.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 797,074 shares of the company’s stock worth $17,026,000 after purchasing an additional 150,712 shares during the last quarter. State Street Corp raised its stake in shares of MeridianLink by 20.7% during the 3rd quarter. State Street Corp now owns 667,201 shares of the company’s stock worth $13,724,000 after purchasing an additional 114,578 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of MeridianLink by 12.2% during the 3rd quarter. Geode Capital Management LLC now owns 603,443 shares of the company’s stock worth $12,415,000 after purchasing an additional 65,834 shares in the last quarter. Finally, Polar Asset Management Partners Inc. acquired a new stake in shares of MeridianLink in the 3rd quarter valued at approximately $8,598,000. Institutional investors own 82.65% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. 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. Raymond James raised their price objective on shares of MeridianLink from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.