MeridianLink, Inc. (NYSE:MLNK) Major Shareholder Timothy Nguyen Sells 10,776 Shares

MeridianLink, Inc. (NYSE:MLNK) major shareholder Timothy Nguyen sold 10,776 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $23.02, for a total value of $248,063.52. Following the sale, the insider now owns 10,751,935 shares in the company, valued at $247,509,543.70. The trade was a 0.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions 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 Trading Up 0.8 %

Shares of MLNK opened at $23.19 on Wednesday. The firm has a fifty day simple moving average of $22.10 and a two-hundred day simple moving average of $21.60. 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 current ratio of 1.86 and a quick ratio of 1.86.

Institutional Trading of MeridianLink

Several large investors have recently modified their holdings of MLNK. Jacobs Levy Equity Management Inc. grew its position in shares of MeridianLink by 10.9% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 263,525 shares of the company’s stock worth $4,928,000 after buying an additional 25,906 shares during the last quarter. SG Capital Management LLC bought a new stake in MeridianLink in the first quarter valued at $2,117,000. Vanguard Group Inc. increased its position in MeridianLink by 32.8% during the 1st quarter. Vanguard Group Inc. now owns 2,756,231 shares of the company’s stock valued at $51,542,000 after purchasing an additional 680,872 shares during the period. SG Americas Securities LLC bought a new position in MeridianLink in the 3rd quarter worth $231,000. Finally, Seven Grand Managers LLC purchased a new stake in shares of MeridianLink in the 3rd quarter worth about $2,057,000. 82.65% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MLNK. Barclays upped 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. UBS Group raised shares of MeridianLink from a “sell” rating to a “neutral” rating and increased their target price for the company from $18.00 to $22.50 in a report on Monday, November 11th. Stifel Nicolaus boosted their price target on shares of MeridianLink from $18.00 to $22.00 and gave the stock a “hold” rating in a research note on Friday, August 9th. Finally, Raymond James raised their price objective on MeridianLink from $26.00 to $28.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. 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 company’s stock. Based on data from MarketBeat, MeridianLink has an average rating of “Hold” and an average target price 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.