Insider Selling: Lendingclub (NASDAQ:HAPN) SVP Sells $699,000.00 in Stock

Lendingclub Corp (NASDAQ:HAPN) SVP Fergal Stack sold 37,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $18.64, for a total transaction of $699,000.00. Following the transaction, the senior vice president directly owned 77,477 shares of the company’s stock, valued at approximately $1,444,171.28. This represents a 32.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through 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 Tuesday, August 18th, Fergal Stack sold 40,000 shares of Lendingclub stock. The stock was sold at an average price of $18.86, for a total transaction of $754,400.00.
• On Wednesday, July 1st, Fergal Stack sold 50,000 shares of Lendingclub stock. The stock was sold at an average price of $21.01, for a total transaction of $1,050,500.00.

Lendingclub Stock Up 2.5%

Shares of NASDAQ:HAPN opened at $18.42 on Friday. Lendingclub Corp has a one year low of $13.05 and a one year high of $21.67. The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of 11.10 and a beta of 1.91.

Lendingclub (NASDAQ:HAPN) last released its quarterly 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 firm 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. On average, equities analysts expect that Lendingclub Corp will post 1.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on the company. BTIG Research restated a “buy” rating and set a $25.00 target price on shares of Lendingclub in a research report on Tuesday, July 28th. Citizens Jmp raised their price target on Lendingclub from $23.00 to $25.00 and gave the company a “market outperform” rating in a report on Tuesday, July 28th. Finally, Weiss Ratings began coverage on Lendingclub in a research report on Thursday, June 25th. They set a “hold (c+)” rating for the company. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.