Lendingclub Corp (NASDAQ:HAPN – Get Free Report) SVP Fergal Stack sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $18.86, for a total value 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 approximately $2,168,466.22. This trade represents a 25.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 value of $699,000.00.
- On Wednesday, July 1st, Fergal Stack sold 50,000 shares of Lendingclub stock. The shares were sold at an average price of $21.01, for a total value of $1,050,500.00.
Lendingclub Stock Performance
Shares of NASDAQ HAPN traded down $0.59 during midday trading on Thursday, reaching $17.97. 1,371,240 shares of the company traded hands, compared to its average volume of 1,544,969. Lendingclub Corp has a 12 month low of $13.05 and a 12 month high of $21.67. The stock has a market cap of $2.07 billion, a PE ratio of 11.18 and a beta of 1.91.
Wall Street Analyst Weigh In
Several analysts have weighed in on HAPN shares. 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. Weiss Ratings initiated coverage on Lendingclub in a report on Thursday, June 25th. They issued a “hold (c+)” rating on the stock. Finally, Citizens Jmp increased their price target on Lendingclub from $23.00 to $25.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 28th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $25.00.
Get Our Latest Analysis on Lendingclub
Lendingclub Company Profile
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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