Insider Selling: MeridianLink, Inc. (NYSE:MLNK) Major Shareholder Sells 650,000 Shares of Stock

MeridianLink, Inc. (NYSE:MLNK) major shareholder Thoma Bravo Ugp, Llc sold 650,000 shares of MeridianLink stock in a transaction on Friday, October 18th. The shares were sold at an average price of $21.05, for a total value of $13,682,500.00. Following the completion of the transaction, the insider now owns 28,932,388 shares of the company’s stock, valued at approximately $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 SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s shares 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 shares were sold at an average price of $21.05, for a total value of $126,300,000.00.

MeridianLink Stock Up 0.2 %

Shares of NYSE MLNK opened at $21.43 on Friday. MeridianLink, Inc. has a 1 year low of $14.89 and a 1 year high of $25.88. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.04 and a quick ratio of 2.04. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of -39.69 and a beta of 1.00. The business has a 50-day moving average of $22.13 and a two-hundred day moving average of $20.66.

MeridianLink (NYSE:MLNK) last posted its earnings results on Thursday, August 8th. The company reported $0.04 earnings per share 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 analysts’ expectations of $78.08 million. During the same period in the previous year, the firm posted ($0.06) earnings per share. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, analysts forecast that MeridianLink, Inc. will post -0.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on MLNK shares. Barclays lifted their target price on MeridianLink from $18.00 to $20.00 and gave the company an “underweight” rating in a report on Friday, August 9th. Stifel Nicolaus lifted their price target on MeridianLink from $18.00 to $22.00 and gave the stock a “hold” rating in a report on Friday, August 9th. Finally, UBS Group lifted their price target on MeridianLink from $17.00 to $18.00 and gave the stock a “sell” rating in a report on Tuesday, August 13th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, MeridianLink has an average rating of “Hold” and an average price target of $20.60.

Institutional Trading of MeridianLink

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of MeridianLink by 32.8% in 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 last quarter. Keenan Capital LLC lifted its holdings in shares of MeridianLink by 9.6% in the 1st quarter. Keenan Capital LLC now owns 2,565,269 shares of the company’s stock valued at $47,971,000 after purchasing an additional 225,000 shares during the last quarter. Dimensional Fund Advisors LP increased its position in MeridianLink by 23.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 797,074 shares of the company’s stock valued at $17,026,000 after acquiring an additional 150,712 shares during the period. Jacobs Levy Equity Management Inc. increased its position in MeridianLink by 10.9% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 263,525 shares of the company’s stock valued at $4,928,000 after acquiring an additional 25,906 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in MeridianLink by 11.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 119,147 shares of the company’s stock valued at $2,228,000 after acquiring an additional 12,472 shares during the period. 82.65% of the stock is owned by hedge funds and other institutional investors.

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.