Timothy Nguyen Sells 100,000 Shares of MeridianLink, Inc. (NYSE:MLNK) Stock

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

MeridianLink Price Performance

Shares of MeridianLink stock traded down $0.68 on Friday, hitting $22.02. 320,137 shares of the company traded hands, compared to its average volume of 276,892. The stock has a market capitalization of $1.66 billion, a P/E ratio of -33.34 and a beta of 0.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.86 and a current ratio of 1.86. MeridianLink, Inc. has a 52 week low of $16.49 and a 52 week high of $25.88. The business has a 50-day simple moving average of $22.25 and a 200 day simple moving average of $21.28.

Institutional Investors Weigh In On MeridianLink

Institutional investors and hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. increased its position in 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 purchasing an additional 3,226 shares during the last quarter. Vanguard Group Inc. increased its position in MeridianLink by 32.8% during the first quarter. Vanguard Group Inc. now owns 2,756,231 shares of the company’s stock valued at $51,542,000 after acquiring an additional 680,872 shares during the last quarter. Keenan Capital LLC increased its position in MeridianLink by 9.6% during the first quarter. Keenan Capital LLC now owns 2,565,269 shares of the company’s stock valued at $47,971,000 after acquiring an additional 225,000 shares during the last quarter. Jacobs Levy Equity Management Inc. increased 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 acquiring an additional 25,906 shares during the last quarter. Finally, SG Capital Management LLC bought a new position in MeridianLink during the first quarter valued at $2,117,000. Institutional investors own 82.65% of the company’s stock.

Analysts Set New Price Targets

MLNK has been the topic of a number of research reports. Stifel Nicolaus raised their price objective on shares of MeridianLink from $18.00 to $22.00 and gave the stock a “hold” rating in a report on Friday, August 9th. Raymond James lifted their price target on shares of MeridianLink from $26.00 to $28.00 and gave the company an “outperform” rating in a report on Friday, November 8th. UBS Group raised shares of MeridianLink from a “sell” rating to a “neutral” rating and lifted their price target for the company from $18.00 to $22.50 in a report on Monday. Finally, Barclays lifted 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 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. Based on data from MarketBeat, MeridianLink has a consensus rating of “Hold” and an average price target of $22.90.

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.