Fergal Stack Sells 50,000 Shares of Lendingclub (NASDAQ:HAPN) Stock

Lendingclub Corp (NASDAQ:HAPN) SVP Fergal Stack sold 50,000 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $21.01, for a total value of $1,050,500.00. Following the completion of the transaction, the senior vice president owned 154,977 shares in the company, valued at approximately $3,256,066.77. This trade represents a 24.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Lendingclub Stock Performance

Lendingclub stock traded down $0.85 during mid-day trading on Thursday, reaching $19.69. 6,356,845 shares of the stock traded hands, compared to its average volume of 2,255,168. The stock has a market cap of $2.27 billion, a PE ratio of 13.21 and a beta of 1.93. Lendingclub Corp has a 12-month low of $12.17 and a 12-month high of $21.67.

Analyst Ratings Changes

HAPN has been the topic of several recent research reports. Weiss Ratings started coverage on shares of Lendingclub in a research note on Thursday, June 25th. They issued a “hold (c+)” rating on the stock. BTIG Research boosted their target price on shares of Lendingclub from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday. One research analyst has 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 target price of $25.00.

Lendingclub Company Profile

I couldn’t find enough reliable information about LendingClub with the ticker symbol NASDAQ:HAPN to write an accurate company description.