MeridianLink, Inc. (NYSE:MLNK) Major Shareholder Timothy Nguyen Sells 1,701 Shares

MeridianLink, Inc. (NYSE:MLNK) major shareholder Timothy Nguyen sold 1,701 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $23.05, for a total value of $39,208.05. Following the completion of the transaction, the insider now owns 10,728,234 shares in the company, valued at $247,285,793.70. The trade was a 0.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major shareholders that own more than 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 Monday, December 2nd, Timothy Nguyen sold 40,000 shares of MeridianLink stock. The shares were sold at an average price of $23.28, for a total transaction of $931,200.00.
• On Monday, November 25th, Timothy Nguyen sold 10,776 shares of MeridianLink stock. The stock was sold at an average price of $23.02, for a total transaction of $248,063.52.
• 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 transaction of $2,350,000.00.

MeridianLink Stock Performance

Shares of MeridianLink stock opened at $23.29 on Tuesday. The firm has a market cap of $1.76 billion, a PE ratio of -34.76 and a beta of 0.98. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.11. MeridianLink, Inc. has a 52 week low of $16.49 and a 52 week high of $25.88. The business’s fifty day simple moving average is $22.03 and its 200-day simple moving average is $21.77.

Institutional Trading of MeridianLink

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of 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. WCM Investment Management LLC increased its holdings in MeridianLink by 1.0% in the 3rd quarter. WCM Investment Management LLC now owns 1,159,590 shares of the company’s stock valued at $24,340,000 after purchasing an additional 12,002 shares during the last quarter. Dimensional Fund Advisors LP raised its position in MeridianLink by 23.3% in the second quarter. Dimensional Fund Advisors LP now owns 797,074 shares of the company’s stock valued at $17,026,000 after purchasing an additional 150,712 shares during the period. State Street Corp lifted its stake in MeridianLink by 20.7% during the third quarter. State Street Corp now owns 667,201 shares of the company’s stock worth $13,724,000 after purchasing an additional 114,578 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of MeridianLink by 12.2% during the third quarter. Geode Capital Management LLC now owns 603,443 shares of the company’s stock worth $12,415,000 after buying an additional 65,834 shares during the period. 82.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on MLNK. Stifel Nicolaus increased their price target on MeridianLink from $18.00 to $22.00 and gave the company a “hold” rating in a report on Friday, August 9th. Barclays raised their target price on MeridianLink from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Friday, August 9th. Raymond James boosted their price target on shares of MeridianLink from $26.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, UBS Group upgraded shares of MeridianLink from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $18.00 to $22.50 in a research 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 assigned a buy rating to the company. Based on data from MarketBeat, the company 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.