Timothy Nguyen Sells 10,776 Shares of MeridianLink, Inc. (NYSE:MLNK) Stock

MeridianLink, Inc. (NYSE:MLNK) 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 owns 10,751,935 shares in the company, valued at approximately $247,509,543.70. This trade represents a 0.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large 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 shares were sold at an average price of $23.50, for a total value of $2,350,000.00.

MeridianLink Stock Performance

NYSE MLNK opened at $22.92 on Thursday. MeridianLink, Inc. has a fifty-two week low of $16.49 and a fifty-two week high of $25.88. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of -34.21 and a beta of 0.98. The business has a fifty day moving average of $22.09 and a 200-day moving average of $21.65. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.11.

Hedge Funds Weigh In On MeridianLink

Institutional investors have recently made changes to their positions in the stock. nVerses Capital LLC acquired a new position in shares of MeridianLink in the second quarter worth $41,000. SG Americas Securities LLC acquired a new position in shares of MeridianLink in the third quarter worth $231,000. Russell Investments Group Ltd. raised its holdings in shares of MeridianLink by 26.4% in the first quarter. Russell Investments Group Ltd. now owns 15,430 shares of the company’s stock worth $289,000 after acquiring an additional 3,226 shares during the last quarter. Squarepoint Ops LLC acquired a new position in shares of MeridianLink in the second quarter worth $336,000. Finally, 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 acquiring an additional 1,490 shares during the last quarter. 82.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on MLNK shares. Stifel Nicolaus lifted their price target on MeridianLink from $18.00 to $22.00 and gave the company a “hold” rating in a research note on Friday, August 9th. Raymond James lifted their price objective on MeridianLink from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Barclays lifted their price objective on MeridianLink from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Friday, August 9th. Finally, UBS Group raised MeridianLink from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $18.00 to $22.50 in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target 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.