Insider Selling: MeridianLink, Inc. (NYSE:MLNK) CEO Sells 29,217 Shares of Stock

MeridianLink, Inc. (NYSE:MLNK) CEO Nicolaas Vlok sold 29,217 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $22.80, for a total value of $666,147.60. Following the sale, the chief executive officer now directly owns 1,043,382 shares in the company, valued at approximately $23,789,109.60. This trade represents a 2.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

MeridianLink Stock Down 1.5 %

Shares of MeridianLink stock traded down $0.34 during midday trading on Friday, hitting $22.43. 181,120 shares of the company traded hands, compared to its average volume of 271,550. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.11. The firm’s fifty day moving average price is $22.29 and its 200-day moving average price is $22.00. MeridianLink, Inc. has a 12 month low of $16.49 and a 12 month high of $25.88.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. UBS Group upgraded shares of MeridianLink from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $18.00 to $22.50 in a research note on Monday, November 11th. Raymond James increased their price target on shares of MeridianLink from $26.00 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $22.90.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Pure Financial Advisors LLC bought a new stake in MeridianLink during the 2nd quarter worth approximately $434,000. Bank of New York Mellon Corp increased its holdings in MeridianLink by 14.3% in the second quarter. Bank of New York Mellon Corp now owns 98,299 shares of the company’s stock valued at $2,100,000 after purchasing an additional 12,302 shares during the period. nVerses Capital LLC bought a new position in MeridianLink during the 2nd quarter worth $41,000. Rhumbline Advisers lifted its holdings in MeridianLink by 6.4% during the 2nd quarter. Rhumbline Advisers now owns 43,865 shares of the company’s stock worth $937,000 after buying an additional 2,633 shares during the period. Finally, American Century Companies Inc. grew its position in shares of MeridianLink by 46.4% in the 2nd quarter. American Century Companies Inc. now owns 18,896 shares of the company’s stock valued at $404,000 after buying an additional 5,988 shares during the last quarter. 82.65% of the stock is currently owned by institutional investors and hedge funds.

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.