Lendingclub (NASDAQ:HAPN) SVP Fergal Stack Sells 50,000 Shares of Stock

Lendingclub Corp (NASDAQ:HAPN) SVP Fergal Stack sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $21.01, for a total transaction of $1,050,500.00. Following the completion of the transaction, the senior vice president directly owned 154,977 shares of the company’s stock, valued at $3,256,066.77. This trade represents a 24.39% decrease in their position. The sale was disclosed in a 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.

Lendingclub Trading Down 4.1%

Shares of NASDAQ HAPN opened at $19.69 on Friday. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 13.21 and a beta of 1.93. Lendingclub Corp has a 12-month low of $12.17 and a 12-month high of $21.67.

Analyst Ratings Changes

HAPN has been the topic of several analyst reports. BTIG Research lifted their target price on Lendingclub from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday. Weiss Ratings began coverage on shares of Lendingclub in a research report on Thursday, June 25th. They set a “hold (c+)” rating for the company. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.