Lendingclub (NASDAQ:HAPN) SVP Fergal Stack Sells 40,000 Shares of Stock

Lendingclub Corp (NASDAQ:HAPNGet Free Report) SVP Fergal Stack sold 40,000 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $18.86, for a total transaction of $754,400.00. Following the completion of the transaction, the senior vice president directly owned 114,977 shares of the company’s stock, valued at $2,168,466.22. This represents a 25.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Fergal Stack also recently made the following trade(s):

  • On Wednesday, August 19th, Fergal Stack sold 37,500 shares of Lendingclub stock. The stock was sold at an average price of $18.64, for a total transaction of $699,000.00.
  • 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 value of $1,050,500.00.

Lendingclub Stock Performance

Shares of NASDAQ:HAPN opened at $17.97 on Friday. Lendingclub Corp has a 1 year low of $13.05 and a 1 year high of $21.67. The company has a market cap of $2.07 billion, a P/E ratio of 10.83 and a beta of 1.91.

Lendingclub (NASDAQ:HAPNGet Free Report) last announced 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. The business had revenue of $262.86 million during the quarter. Lendingclub had a return on equity of 12.92% and a net margin of 18.67%.Lendingclub has set its FY 2026 guidance at 1.800-1.900 EPS and its Q3 2026 guidance at 0.430-0.480 EPS. On average, analysts anticipate that Lendingclub Corp will post 1.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HAPN has been the subject of a number of analyst reports. Citizens Jmp lifted their price target on Lendingclub from $23.00 to $25.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 28th. Weiss Ratings started coverage on Lendingclub in a research report on Thursday, June 25th. They issued a “hold (c+)” rating for the company. Finally, BTIG Research reiterated a “buy” rating and issued 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’s stock. According to data from MarketBeat, Lendingclub has a consensus rating of “Moderate Buy” and a consensus price target of $25.00.

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About Lendingclub

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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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