MeridianLink, Inc. (NYSE:MLNK) CEO Sells $1,515,729.66 in Stock

MeridianLink, Inc. (NYSE:MLNK) CEO Nicolaas Vlok sold 71,598 shares of the stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $21.17, for a total value of $1,515,729.66. Following the completion of the sale, the chief executive officer now owns 1,043,382 shares of the company’s stock, valued at $22,088,396.94. The trade was a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Nicolaas Vlok also recently made the following trade(s):

• On Thursday, December 12th, Nicolaas Vlok sold 29,217 shares of MeridianLink stock. The shares were sold at an average price of $22.80, for a total value of $666,147.60.

MeridianLink Trading Down 0.2 %

Shares of MeridianLink stock traded down $0.05 on Friday, reaching $21.04. 1,164,267 shares of the company’s stock were exchanged, compared to its average volume of 277,163. The company has a market capitalization of $1.59 billion, a P/E ratio of -31.40 and a beta of 0.99. MeridianLink, Inc. has a 52 week low of $16.49 and a 52 week 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. The firm’s 50-day moving average is $22.43 and its two-hundred day moving average is $22.11.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of MLNK. Barclays PLC increased its stake in MeridianLink by 342.1% in the third quarter. Barclays PLC now owns 42,399 shares of the company’s stock valued at $872,000 after purchasing an additional 32,808 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of MeridianLink by 12.2% in the 3rd quarter. Geode Capital Management LLC now owns 603,443 shares of the company’s stock valued at $12,415,000 after buying an additional 65,834 shares during the period. State Street Corp increased its position in MeridianLink by 20.7% in the 3rd quarter. State Street Corp now owns 667,201 shares of the company’s stock valued at $13,724,000 after buying an additional 114,578 shares in the last quarter. Polar Asset Management Partners Inc. bought a new position in MeridianLink in the third quarter worth approximately $8,598,000. Finally, Maven Securities LTD bought a new position in MeridianLink in the third quarter worth approximately $5,377,000. Institutional investors and hedge funds own 82.65% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on MLNK shares. Raymond James lifted their price objective on MeridianLink from $26.00 to $28.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. UBS Group upgraded shares of MeridianLink from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $18.00 to $22.50 in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, MeridianLink currently has an average rating of “Hold” and a consensus 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.