Scott Sanborn Sells 23,851 Shares of LendingClub (NYSE:LC) Stock

Posted by George Bondi on Jun 6th, 2026

LendingClub Corporation (NYSE:LC – Get Free Report) CEO Scott Sanborn sold 23,851 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $17.86, for a total value of $425,978.86. Following the sale, the chief executive officer owned 1,594,712 shares of the company’s stock, valued at approximately $28,481,556.32. The trade was a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

LendingClub Stock Down 2.3%

LC stock opened at $17.17 on Friday. LendingClub Corporation has a 52 week low of $10.29 and a 52 week high of $21.67. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 11.53 and a beta of 1.98. The business has a fifty day simple moving average of $16.13 and a 200-day simple moving average of $17.05.

LendingClub (NYSE:LC – Get Free Report) last announced its quarterly earnings results on Monday, April 27th. The credit services provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.06. LendingClub had a return on equity of 11.92% and a net margin of 16.99%.The firm had revenue of $252.25 million during the quarter, compared to the consensus estimate of $249.10 million. During the same period in the prior year, the firm earned $0.10 EPS. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. LendingClub has set its FY 2026 guidance at 1.650-1.800 EPS and its Q2 2026 guidance at 0.400-0.450 EPS. As a group, analysts expect that LendingClub Corporation will post 1.72 earnings per share for the current fiscal year.

Analyst Ratings Changes

LC has been the subject of several recent research reports. Zacks Research upgraded LendingClub from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Stephens restated an “overweight” rating and issued a $22.50 price target (up from $21.00) on shares of LendingClub in a report on Tuesday, April 28th. Wall Street Zen downgraded shares of LendingClub from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of LendingClub in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.07.

Read Our Latest Research Report on LendingClub

Institutional Trading of LendingClub

Hedge funds and other institutional investors have recently bought and sold shares of the company. Aster Capital Management DIFC Ltd bought a new stake in LendingClub in the third quarter valued at about $26,000. International Assets Investment Management LLC bought a new stake in LendingClub in the fourth quarter valued at about $40,000. Kestra Advisory Services LLC bought a new stake in LendingClub in the fourth quarter valued at about $44,000. Quarry LP increased its holdings in LendingClub by 343.0% in the third quarter. Quarry LP now owns 3,030 shares of the credit services provider’s stock valued at $46,000 after buying an additional 2,346 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in LendingClub in the second quarter valued at about $53,000. 74.08% of the stock is owned by institutional investors.

LendingClub Company Profile

(Get Free Report)

LendingClub Corporation operates an online lending marketplace that connects borrowers seeking personal and small business credit with individual and institutional investors. The platform leverages technology to streamline the loan application and underwriting process, offering unsecured personal loans, auto refinancing, and small business loans. In addition to lending products, LendingClub provides high-yield savings accounts and certificates of deposit through its banking charter, following its acquisition of Radius Bank in 2021.

Founded in 2006 by Renaud Laplanche, LendingClub pioneered peer-to-peer lending in the United States, helping to democratize access to credit and investment opportunities.