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

Lendingclub Corp (NASDAQ:HAPN – Get Free Report) CEO Scott Sanborn sold 28,750 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $20.56, for a total transaction of $591,100.00. Following the sale, the chief executive officer directly owned 1,478,563 shares of the company’s stock, valued at approximately $30,399,255.28. This trade represents a 1.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

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• 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 transaction 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 transaction of $551,137.50.

Lendingclub Stock Performance

HAPN traded down $0.34 during trading on Friday, reaching $19.37. 1,137,267 shares of the company’s stock were exchanged, compared to its average volume of 2,162,508. The firm has a market capitalization of $2.24 billion, a PE ratio of 11.67 and a beta of 1.91. Lendingclub Corp has a fifty-two week low of $13.05 and a fifty-two week high of $21.67.

Lendingclub (NASDAQ:HAPN – Get Free Report) last posted its quarterly earnings results on Monday, July 27th. The company reported $0.50 earnings per share 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. Equities analysts forecast that Lendingclub Corp will post 1.87 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on HAPN shares. BTIG Research restated a “buy” rating and set a $25.00 target price on shares of Lendingclub in a report on Tuesday, July 28th. Weiss Ratings began coverage on Lendingclub in a research note on Thursday, June 25th. They issued a “hold (c+)” rating for the company. Finally, Citizens Jmp increased their price target on shares of Lendingclub from $23.00 to $25.00 and gave the company 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 company’s stock. According to data from MarketBeat, Lendingclub presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.00.

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About Lendingclub

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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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