Jane Street Group LLC Sells 11,768 Shares of MeridianLink, Inc. (NYSE:MLNK)

Jane Street Group LLC decreased its holdings in shares of MeridianLink, Inc. (NYSE:MLNK) by 19.1% in the third quarter, Holdings Channel.com reports. The firm owned 49,997 shares of the company’s stock after selling 11,768 shares during the period. Jane Street Group LLC’s holdings in MeridianLink were worth $1,028,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in shares of MeridianLink by 24.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 218,104 shares of the company’s stock valued at $4,486,000 after acquiring an additional 42,302 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of MeridianLink during the 3rd quarter worth $231,000. Maven Securities LTD purchased a new position in shares of MeridianLink during the 3rd quarter worth $5,377,000. Seven Grand Managers LLC purchased a new position in shares of MeridianLink during the 3rd quarter valued at $2,057,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of MeridianLink by 23.3% during the 2nd 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. Institutional investors own 82.65% of the company’s stock.

MeridianLink Trading Down 1.6 %

Shares of MLNK opened at $20.70 on Tuesday. 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 has a 50-day moving average price of $22.44 and a 200 day moving average price of $22.20. MeridianLink, Inc. has a 12-month low of $16.49 and a 12-month high of $25.33. The firm has a market capitalization of $1.56 billion, a P/E ratio of -30.90 and a beta of 0.99.

Analyst Ratings Changes

A number of research firms recently weighed in on MLNK. UBS Group upgraded shares of MeridianLink from a “sell” rating to a “neutral” rating and lifted their target price for the company from $18.00 to $22.50 in a research note on Monday, November 11th. Raymond James upped their price target on shares of MeridianLink from $26.00 to $28.00 and gave the company an “outperform” rating in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, MeridianLink has a consensus rating of “Hold” and a consensus target price of $22.90.

Insider Transactions at MeridianLink

In other news, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Timothy Nguyen sold 100,000 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $23.50, for a total value of $2,350,000.00. Following the completion of the transaction, the insider now owns 10,928,412 shares in the company, valued at approximately $256,817,682. The trade was a 0.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 936,488 shares of company stock worth $20,208,238 in the last 90 days. Insiders own 21.30% of the company’s stock.

MeridianLink Profile

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.