Insider Selling: LendingClub (NYSE:LC) CFO Sells 20,000 Shares of Stock

LendingClub Corporation (NYSE:LC) CFO Andrew Labenne sold 20,000 shares of the stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $17.00, for a total transaction of $340,000.00. Following the transaction, the chief financial officer directly owned 234,955 shares of the company’s stock, valued at approximately $3,994,235. This trade represents a 7.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

LendingClub Stock Performance

Shares of LC traded up $0.83 during mid-day trading on Friday, hitting $17.86. 2,822,366 shares of the company’s stock were exchanged, compared to its average volume of 1,449,582. The company has a market cap of $2.06 billion, a price-to-earnings ratio of 11.99 and a beta of 2.00. LendingClub Corporation has a fifty-two week low of $9.78 and a fifty-two week high of $21.67. The stock’s 50-day moving average is $15.82 and its 200-day moving average is $17.08.

LendingClub (NYSE:LC) last issued its quarterly earnings results on Monday, April 27th. The credit services provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.06. The business had revenue of $252.25 million for the quarter, compared to analysts’ expectations of $249.10 million. LendingClub had a net margin of 16.99% and a return on equity of 11.92%. The business’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.10 earnings per share. 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, equities research analysts anticipate that LendingClub Corporation will post 1.72 EPS for the current year.

Institutional Trading of LendingClub

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in LendingClub by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 11,697,333 shares of the credit services provider’s stock valued at $221,547,000 after acquiring an additional 516,542 shares in the last quarter. Wellington Management Group LLP raised its holdings in LendingClub by 18.8% during the third quarter. Wellington Management Group LLP now owns 7,960,550 shares of the credit services provider’s stock worth $120,921,000 after purchasing an additional 1,261,861 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in LendingClub by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 5,760,141 shares of the credit services provider’s stock worth $82,482,000 after purchasing an additional 139,746 shares in the last quarter. Senvest Management LLC raised its holdings in LendingClub by 5.2% during the first quarter. Senvest Management LLC now owns 4,546,812 shares of the credit services provider’s stock worth $65,110,000 after purchasing an additional 226,754 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. acquired a new stake in LendingClub during the fourth quarter worth approximately $63,580,000. Institutional investors and hedge funds own 74.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on LC shares. Weiss Ratings reissued a “hold (c+)” rating on shares of LendingClub in a research report on Wednesday, May 6th. Zacks Research raised shares of LendingClub from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 28th. Wall Street Zen cut shares of LendingClub from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. BTIG Research reissued a “buy” rating and set a $26.00 price target on shares of LendingClub in a research report on Thursday, January 29th. Finally, Stephens reaffirmed an “overweight” rating and issued a $22.50 target price (up from $21.00) on shares of LendingClub in a report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $23.07.

About LendingClub

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.