Insider Selling: Lendingclub (NASDAQ:HAPN) SVP Sells 40,000 Shares

Lendingclub Corp (NASDAQ:HAPNGet Free Report) SVP Fergal Stack sold 40,000 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $18.86, for a total transaction of $754,400.00. Following the completion of the transaction, the senior vice president owned 114,977 shares of the company’s stock, valued at approximately $2,168,466.22. The trade was a 25.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 Wednesday, August 19th, Fergal Stack sold 37,500 shares of Lendingclub stock. The shares were sold at an average price of $18.64, for a total value of $699,000.00.
  • 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 value of $1,050,500.00.

Lendingclub Stock Performance

Lendingclub stock traded down $0.59 during trading hours on Thursday, reaching $17.97. 1,371,240 shares of the stock were exchanged, compared to its average volume of 1,544,969. Lendingclub Corp has a 52-week low of $13.05 and a 52-week high of $21.67. The company has a market cap of $2.07 billion, a P/E ratio of 11.18 and a beta of 1.91.

Lendingclub (NASDAQ:HAPNGet Free Report) last posted its quarterly earnings results on Monday, July 27th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.08. The firm had revenue of $262.86 million during 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. As a group, equities analysts predict that Lendingclub Corp will post 1.87 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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Lendingclub Company Profile

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