MeridianLink, Inc. (NYSE:MLNK - Get Free Report) CEO Nicolaas Vlok sold 29,217 shares of the business's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $22.80, for a total transaction of $666,147.60. Following the transaction, the chief executive officer now owns 1,043,382 shares in the company, valued at approximately $23,789,109.60. The trade was a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
MeridianLink Price Performance
Shares of NYSE MLNK opened at $22.43 on Friday. The firm has a market cap of $1.69 billion, a P/E ratio of -33.47 and a beta of 0.99. The business's 50 day moving average is $22.32 and its 200-day moving average is $22.03. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.11. MeridianLink, Inc. has a 1-year low of $16.49 and a 1-year high of $25.88.
Analyst Ratings Changes
A number of equities analysts have weighed in on MLNK shares. UBS Group raised 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. Raymond James boosted their target price on MeridianLink from $26.00 to $28.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $22.90.
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Check Out Our Latest Analysis on MLNK
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in MLNK. FMR LLC grew its stake in shares of MeridianLink by 5.1% in the third quarter. FMR LLC now owns 23,408 shares of the company's stock valued at $482,000 after acquiring an additional 1,139 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of MeridianLink by 10.1% during the second quarter. The Manufacturers Life Insurance Company now owns 16,218 shares of the company's stock worth $346,000 after purchasing an additional 1,490 shares during the period. nVerses Capital LLC bought a new stake in shares of MeridianLink in the second quarter valued at approximately $41,000. Rhumbline Advisers boosted its stake in shares of MeridianLink by 6.4% in the second quarter. Rhumbline Advisers now owns 43,865 shares of the company's stock valued at $937,000 after buying an additional 2,633 shares during the period. Finally, American Century Companies Inc. grew its position in MeridianLink by 46.4% during the second quarter. American Century Companies Inc. now owns 18,896 shares of the company's stock worth $404,000 after buying an additional 5,988 shares in the last quarter. Institutional investors own 82.65% of the company's stock.
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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