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

Posted by Stanley Muller on Aug 28th, 2026

Lendingclub Corp (NASDAQ:HAPN – Get Free Report) CEO Scott Sanborn sold 28,750 shares of Lendingclub stock in a transaction that occurred on Wednesday, August 26th. The shares were 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 approximately $26,695,625.50. This trade represents a 1.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 stock was 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 stock was 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 shares were sold at an average price of $19.17, for a total value of $551,137.50.

Lendingclub Stock Up 0.4%

Shares of HAPN stock opened at $18.44 on Friday. Lendingclub Corp has a 1 year low of $13.05 and a 1 year high of $21.67. The firm has a market cap of $2.13 billion, a price-to-earnings ratio of 11.11 and a beta of 1.91. The stock’s fifty day simple moving average is $19.32.

Lendingclub (NASDAQ:HAPN – Get Free Report) last issued its quarterly earnings results on Monday, July 27th. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.08. Lendingclub had a return on equity of 12.92% and a net margin of 18.67%.The company had revenue of $262.86 million for the quarter. Lendingclub has set its FY 2026 guidance at 1.800-1.900 EPS and its Q3 2026 guidance at 0.430-0.480 EPS. As a group, analysts predict that Lendingclub Corp will post 1.87 EPS for the current year.

Analyst Ratings Changes

A number of research firms have commented on HAPN. Weiss Ratings started coverage on shares of Lendingclub in a research report on Thursday, June 25th. They set a “hold (c+)” rating on the stock. Citizens Jmp raised their price objective on shares of Lendingclub from $23.00 to $25.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 28th. Finally, BTIG Research reissued a “buy” rating and set a $25.00 target price on shares of Lendingclub in a report on Tuesday, July 28th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Lendingclub presently has an average rating of “Moderate Buy” and a consensus target price of $25.00.

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