Lendingclub Corp (NASDAQ:HAPN – Get Free Report) SVP Fergal Stack sold 37,500 shares of Lendingclub stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $18.64, for a total transaction of $699,000.00. Following the sale, the senior vice president owned 77,477 shares of the company’s stock, valued at approximately $1,444,171.28. The trade was a 32.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Fergal Stack also recently made the following trade(s):
- On Tuesday, August 18th, Fergal Stack sold 40,000 shares of Lendingclub stock. The shares were sold at an average price of $18.86, for a total transaction of $754,400.00.
- On Wednesday, July 1st, Fergal Stack sold 50,000 shares of Lendingclub stock. The stock was sold at an average price of $21.01, for a total transaction of $1,050,500.00.
Lendingclub Stock Down 3.2%
HAPN traded down $0.59 during midday trading on Thursday, hitting $17.97. 1,371,240 shares of the company traded hands, compared to its average volume of 1,544,969. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 10.83 and a beta of 1.91. Lendingclub Corp has a 52-week low of $13.05 and a 52-week high of $21.67.
Analysts Set New Price Targets
Several equities analysts have commented on the stock. Citizens Jmp upped their price objective on Lendingclub from $23.00 to $25.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 28th. Weiss Ratings began coverage on Lendingclub in a report on Thursday, June 25th. They issued a “hold (c+)” rating for the company. Finally, BTIG Research reissued a “buy” rating and set a $25.00 target price on shares of Lendingclub in a research note on Tuesday, July 28th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.00.
Read Our Latest Analysis on HAPN
About Lendingclub
I couldn’t find enough reliable information about LendingClub with the ticker symbol NASDAQ:HAPN to write an accurate company description.
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