Insider Selling: MeridianLink, Inc. (NYSE:MLNK) Major Shareholder Sells $248,063.52 in Stock

MeridianLink, Inc. (NYSE:MLNK) major shareholder Timothy Nguyen sold 10,776 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $23.02, for a total value of $248,063.52. Following the completion of the transaction, the insider now owns 10,751,935 shares in the company, valued at $247,509,543.70. The trade was a 0.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Timothy Nguyen also recently made the following trade(s):

• On Wednesday, November 13th, Timothy Nguyen sold 100,000 shares of MeridianLink stock. The stock was sold at an average price of $23.50, for a total transaction of $2,350,000.00.

MeridianLink Stock Down 1.2 %

MLNK opened at $22.92 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.86 and a quick ratio of 1.86. MeridianLink, Inc. has a fifty-two week low of $16.49 and a fifty-two week high of $25.88. The company’s 50 day moving average price is $22.07 and its two-hundred day moving average price is $21.65.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on MLNK shares. UBS Group raised shares of MeridianLink from a “sell” rating to a “neutral” rating and upped their price target for the stock from $18.00 to $22.50 in a report on Monday, November 11th. Stifel Nicolaus upped their price objective on MeridianLink from $18.00 to $22.00 and gave the stock a “hold” rating in a research report on Friday, August 9th. Raymond James increased their target price on shares of MeridianLink from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Barclays raised their target price on shares of MeridianLink from $18.00 to $20.00 and gave the company an “underweight” rating in a research report on Friday, August 9th. One 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, the company presently has a consensus rating of “Hold” and an average target price of $22.90.

Institutional Trading of MeridianLink

Several institutional investors have recently modified their holdings of the business. nVerses Capital LLC acquired a new position in MeridianLink during the 2nd quarter worth about $41,000. SG Americas Securities LLC acquired a new position in shares of MeridianLink in the third quarter worth approximately $231,000. Russell Investments Group Ltd. boosted its holdings in MeridianLink by 26.4% in the first quarter. Russell Investments Group Ltd. now owns 15,430 shares of the company’s stock valued at $289,000 after acquiring an additional 3,226 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in MeridianLink during the 2nd quarter valued at approximately $336,000. Finally, The Manufacturers Life Insurance Company raised its holdings in MeridianLink by 10.1% during the 2nd 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 last quarter. Institutional investors own 82.65% of the company’s stock.

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.