MeridianLink, Inc. (NYSE:MLNK - Get Free Report) major shareholder Thoma Bravo Ugp, Llc sold 650,000 shares of the company's stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $21.05, for a total transaction of $13,682,500.00. Following the sale, the insider now owns 28,932,388 shares of the company's stock, valued at $609,026,767.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Thoma Bravo Ugp, Llc also recently made the following trade(s):
- On Monday, September 30th, Thoma Bravo Ugp, Llc sold 6,000,000 shares of MeridianLink stock. The stock was sold at an average price of $21.05, for a total value of $126,300,000.00.
MeridianLink Price Performance
NYSE:MLNK opened at $21.43 on Friday. The firm has a market cap of $1.64 billion, a PE ratio of -39.69 and a beta of 1.00. MeridianLink, Inc. has a 12 month low of $14.89 and a 12 month high of $25.88. The company's 50-day moving average price is $22.13 and its two-hundred day moving average price is $20.65. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.06.
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MeridianLink (NYSE:MLNK - Get Free Report) last released its earnings results on Thursday, August 8th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.04). MeridianLink had a negative net margin of 15.16% and a negative return on equity of 7.62%. The firm had revenue of $78.70 million during the quarter, compared to analyst estimates of $78.08 million. During the same period last year, the business posted ($0.06) earnings per share. The firm's quarterly revenue was up 4.4% on a year-over-year basis. On average, equities analysts anticipate that MeridianLink, Inc. will post -0.27 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
MLNK has been the subject of several research reports. UBS Group increased their target price on shares of MeridianLink from $17.00 to $18.00 and gave the company a "sell" rating in a research note on Tuesday, August 13th. Stifel Nicolaus lifted their target price on shares of MeridianLink from $18.00 to $22.00 and gave the company a "hold" rating in a research report on Friday, August 9th. Finally, Barclays raised their price target on shares of MeridianLink from $18.00 to $20.00 and gave the stock an "underweight" rating in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $20.60.
Check Out Our Latest Report on MeridianLink
Institutional Investors Weigh In On MeridianLink
Institutional investors have recently made changes to their positions in the stock. Jacobs Levy Equity Management Inc. boosted its position in shares of MeridianLink by 10.9% during the first quarter. Jacobs Levy Equity Management Inc. now owns 263,525 shares of the company's stock worth $4,928,000 after purchasing an additional 25,906 shares in the last quarter. SG Capital Management LLC acquired a new position in MeridianLink in the first quarter valued at about $2,117,000. Vanguard Group Inc. increased its holdings in shares of MeridianLink by 32.8% in the first quarter. Vanguard Group Inc. now owns 2,756,231 shares of the company's stock worth $51,542,000 after acquiring an additional 680,872 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of MeridianLink by 11.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 119,147 shares of the company's stock worth $2,228,000 after purchasing an additional 12,472 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake 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 buying an additional 150,712 shares in the last quarter. 82.65% of the stock is owned by institutional investors and hedge funds.
MeridianLink Company Profile
(
Get Free Report)
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.
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