Maven Securities LTD Takes $5.38 Million Position in MeridianLink, Inc. (NYSE:MLNK)

Maven Securities LTD purchased a new position in shares of MeridianLink, Inc. (NYSE:MLNK) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 261,396 shares of the company’s stock, valued at approximately $5,377,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of MeridianLink by 32.8% during the 1st quarter. Vanguard Group Inc. now owns 2,756,231 shares of the company’s stock valued at $51,542,000 after acquiring an additional 680,872 shares during the last quarter. Pure Financial Advisors LLC acquired a new position in MeridianLink during the second quarter worth approximately $434,000. Bank of New York Mellon Corp raised its stake in MeridianLink by 14.3% during the second quarter. Bank of New York Mellon Corp now owns 98,299 shares of the company’s stock worth $2,100,000 after purchasing an additional 12,302 shares during the period. nVerses Capital LLC acquired a new position in shares of MeridianLink in the 2nd quarter valued at $41,000. Finally, Rhumbline Advisers grew its stake in shares of MeridianLink by 6.4% during the 2nd quarter. Rhumbline Advisers now owns 43,865 shares of the company’s stock valued at $937,000 after buying an additional 2,633 shares during the period. 82.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at MeridianLink

In related news, major shareholder Thoma Bravo Ugp, Llc sold 6,000,000 shares of the firm’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $21.05, for a total transaction of $126,300,000.00. Following the transaction, the insider now directly owns 29,582,388 shares in the company, valued at $622,709,267.40. This trade represents a 16.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Timothy Nguyen sold 100,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $23.50, for a total transaction of $2,350,000.00. Following the sale, the insider now owns 10,928,412 shares of the company’s stock, 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. Over the last quarter, insiders sold 6,802,477 shares of company stock valued at $143,550,972. 21.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

MLNK has been the topic of several research reports. Raymond James increased their target price on MeridianLink from $26.00 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Barclays raised their price objective on MeridianLink from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Friday, August 9th. Stifel Nicolaus lifted their price objective on MeridianLink from $18.00 to $22.00 and gave the company a “hold” rating in a research note on Friday, August 9th. Finally, UBS Group raised shares of MeridianLink from a “sell” rating to a “neutral” rating and lifted their price target for the company from $18.00 to $22.50 in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, MeridianLink currently has an average rating of “Hold” and an average target price of $22.90.

MeridianLink Trading Down 1.4 %

Shares of MLNK opened at $22.98 on Wednesday. MeridianLink, Inc. has a one year low of $16.49 and a one year high of $25.88. The stock has a 50-day moving average price of $22.03 and a 200 day moving average price of $21.81. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.86 and a current ratio of 1.86. The company has a market capitalization of $1.74 billion, a P/E ratio of -34.31 and a beta of 0.99.

MeridianLink Company 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.