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

Lendingclub Corp (NASDAQ:HAPN) CEO Scott Sanborn sold 28,750 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $18.25, for a total value of $524,687.50. Following the sale, the chief executive officer directly owned 1,462,774 shares in the company, valued at $26,695,625.50. The trade was a 1.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Wednesday, August 5th, Scott Sanborn sold 28,750 shares of Lendingclub stock. The shares were sold at an average price of $20.56, for a total value of $591,100.00.
• 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 stock was sold at an average price of $19.17, for a total value of $551,137.50.

Lendingclub Trading Down 3.0%

Shares of Lendingclub stock opened at $17.89 on Friday. The stock has a market cap of $2.06 billion, a PE ratio of 10.78 and a beta of 1.91. The business has a 50 day moving average of $19.29. Lendingclub Corp has a one year low of $13.05 and a one year high of $21.67.

Lendingclub (NASDAQ:HAPN) last released its quarterly earnings results on Monday, July 27th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.08. The company had revenue of $262.86 million for 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. Equities analysts expect that Lendingclub Corp will post 1.87 EPS for the current year.

Analyst Ratings Changes

HAPN has been the topic of several recent analyst 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 reaffirmed a “buy” rating and set a $25.00 price target on shares of Lendingclub in a research note on Tuesday, July 28th. Finally, Citizens Jmp increased their price objective on shares of Lendingclub from $23.00 to $25.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 28th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.