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 on Monday, November 25th. The shares were sold at an average price of $23.02, for a total transaction of $248,063.52. Following the completion of the sale, the insider now owns 10,751,935 shares of the company’s stock, valued at $247,509,543.70. This represents a 0.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% of a company’s stock 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 Performance

MLNK stock opened at $22.92 on Friday. The stock’s 50 day moving average is $22.07 and its 200-day moving average is $21.65. MeridianLink, Inc. has a twelve month low of $16.49 and a twelve month high of $25.88. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.86 and a current ratio of 1.86.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Barclays increased their price objective on shares of MeridianLink from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Friday, August 9th. UBS Group raised MeridianLink from a “sell” rating to a “neutral” rating and raised their price objective for the company from $18.00 to $22.50 in a research note on Monday, November 11th. Stifel Nicolaus boosted their price objective on MeridianLink from $18.00 to $22.00 and gave the company a “hold” rating in a report on Friday, August 9th. Finally, Raymond James increased their target price on MeridianLink from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $22.90.

Hedge Funds Weigh In On MeridianLink

A number of hedge funds have recently bought and sold shares of the company. nVerses Capital LLC purchased a new stake in shares of MeridianLink in the second quarter valued at about $41,000. SG Americas Securities LLC purchased a new stake in MeridianLink in the 3rd quarter valued at about $231,000. Russell Investments Group Ltd. lifted its position in shares of MeridianLink by 26.4% during the 1st quarter. Russell Investments Group Ltd. now owns 15,430 shares of the company’s stock worth $289,000 after buying an additional 3,226 shares in the last quarter. Squarepoint Ops LLC purchased a new position in shares of MeridianLink in the 2nd quarter worth approximately $336,000. Finally, The Manufacturers Life Insurance Company grew 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 valued at $346,000 after acquiring an additional 1,490 shares in the last quarter. 82.65% of the stock is owned by hedge funds and other institutional investors.

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.