Lendingclub (NASDAQ:HAPN) CEO Scott Sanborn Sells 28,750 Shares

Lendingclub Corp (NASDAQ:HAPN) CEO Scott Sanborn sold 28,750 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $20.56, for a total transaction of $591,100.00. Following the transaction, the chief executive officer directly owned 1,478,563 shares of the company’s stock, valued at $30,399,255.28. This trade represents a 1.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Scott Sanborn also recently made the following trade(s):

• On Wednesday, July 1st, Scott Sanborn sold 25,000 shares of Lendingclub stock. The shares were sold at an average price of $21.00, for a total value of $525,000.00.
• On Wednesday, June 24th, Scott Sanborn sold 28,750 shares of Lendingclub stock. The shares were sold at an average price of $19.17, for a total value of $551,137.50.

Lendingclub Price Performance

Shares of NASDAQ:HAPN opened at $19.37 on Friday. Lendingclub Corp has a 52 week low of $13.05 and a 52 week high of $21.67. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 11.67 and a beta of 1.91.

Lendingclub (NASDAQ:HAPN) last issued its quarterly earnings data on Monday, July 27th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.08. Lendingclub had a return on equity of 12.92% and a net margin of 18.67%.The company had revenue of $262.86 million for the quarter. Lendingclub has set its FY 2026 guidance at 1.800-1.900 EPS and its Q3 2026 guidance at 0.430-0.480 EPS. As a group, research analysts expect that Lendingclub Corp will post 1.87 EPS for the current fiscal year.

Analyst Ratings Changes

HAPN has been the topic of several recent research reports. Citizens Jmp increased their price target on Lendingclub from $23.00 to $25.00 and gave the company a “market outperform” rating in a report on Tuesday, July 28th. BTIG Research reaffirmed a “buy” rating and set a $25.00 price objective on shares of Lendingclub in a research note on Tuesday, July 28th. Finally, Weiss Ratings began coverage on shares of Lendingclub in a research note on Thursday, June 25th. They set a “hold (c+)” rating for the company. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $25.00.

About Lendingclub

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