Insider Selling: Lendingclub (NASDAQ:HAPN) SVP Sells 50,000 Shares

Lendingclub Corp (NASDAQ:HAPN) SVP Fergal Stack sold 50,000 shares of Lendingclub stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $21.01, for a total value of $1,050,500.00. Following the transaction, the senior vice president directly owned 154,977 shares in the company, valued at approximately $3,256,066.77. The trade was a 24.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Lendingclub Trading Down 4.1%

Lendingclub stock traded down $0.85 during midday trading on Thursday, hitting $19.69. The stock had a trading volume of 6,356,845 shares, compared to its average volume of 2,255,168. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 13.21 and a beta of 1.93. Lendingclub Corp has a 52-week low of $12.17 and a 52-week high of $21.67.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Weiss Ratings assumed coverage on shares of Lendingclub in a report on Thursday, June 25th. They issued a “hold (c+)” rating for the company. BTIG Research boosted their price objective on Lendingclub from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Lendingclub presently has an average rating of “Moderate Buy” and an average price target of $25.00.

Lendingclub Company Profile

I couldn’t find enough reliable information about LendingClub with the ticker symbol NASDAQ:HAPN to write an accurate company description.