Insider Selling: Lendingclub (NASDAQ:HAPN) SVP Sells 40,000 Shares

Lendingclub Corp (NASDAQ:HAPNGet 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.

Lendingclub (NASDAQ:HAPNGet Free Report) last posted its earnings results 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 for the quarter. Lendingclub had a net margin of 18.67% and a return on equity of 12.92%. Lendingclub has set its FY 2026 guidance at 1.800-1.900 EPS and its Q3 2026 guidance at 0.430-0.480 EPS. Analysts predict that Lendingclub Corp will post 1.87 earnings per share for the current year.

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.

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Lendingclub Company Profile

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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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