Timothy Nguyen Sells 5,666 Shares of MeridianLink, Inc. (NYSE:MLNK) Stock

MeridianLink, Inc. (NYSE:MLNK) major shareholder Timothy Nguyen sold 5,666 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $23.01, for a total value of $130,374.66. Following the completion of the sale, the insider now directly owns 10,619,126 shares in the company, valued at approximately $244,346,089.26. The trade was a 0.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 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 Wednesday, December 4th, Timothy Nguyen sold 27,500 shares of MeridianLink stock. The shares were sold at an average price of $23.43, for a total transaction of $644,325.00.
• On Monday, December 2nd, Timothy Nguyen sold 40,000 shares of MeridianLink stock. The stock was sold at an average price of $23.28, for a total value of $931,200.00.
• On Wednesday, November 27th, Timothy Nguyen sold 1,701 shares of MeridianLink stock. The stock was sold at an average price of $23.05, for a total value of $39,208.05.
• On Monday, November 25th, Timothy Nguyen sold 10,776 shares of MeridianLink stock. The shares were 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 stock was sold at an average price of $23.50, for a total transaction of $2,350,000.00.

MeridianLink Trading Up 0.9 %

Shares of MLNK stock traded up $0.20 on Wednesday, hitting $23.06. 202,087 shares of the stock traded hands, compared to its average volume of 272,137. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.86 and a current ratio of 1.86. MeridianLink, Inc. has a twelve month low of $16.49 and a twelve month high of $25.88. The firm’s 50-day moving average price is $22.18 and its two-hundred day moving average price is $21.99. The stock has a market capitalization of $1.74 billion, a PE ratio of -34.13 and a beta of 0.99.

Analyst Upgrades and Downgrades

MLNK has been the topic of several research reports. Raymond James boosted 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. UBS Group raised shares of MeridianLink from a “sell” rating to a “neutral” rating and boosted their target price for the company from $18.00 to $22.50 in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $22.90.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MLNK. nVerses Capital LLC purchased a new stake in MeridianLink in the second quarter valued at $41,000. SG Americas Securities LLC acquired a new stake in shares of MeridianLink during the 3rd quarter worth about $231,000. Squarepoint Ops LLC purchased a new stake in MeridianLink in the 2nd quarter valued at about $336,000. The Manufacturers Life Insurance Company raised its holdings in MeridianLink by 10.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,218 shares of the company’s stock valued at $346,000 after buying an additional 1,490 shares during the period. Finally, XTX Topco Ltd purchased a new position in MeridianLink during the second quarter worth about $360,000. 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.