Lendingclub (NASDAQ:HAPN) CEO Sells 28,750 Shares

Lendingclub Corp (NASDAQ:HAPN) CEO Scott Sanborn sold 28,750 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $18.25, for a total transaction of $524,687.50. Following the completion of the transaction, the chief executive officer directly owned 1,462,774 shares of the company’s stock, valued at $26,695,625.50. This trade represents a 1.93% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Scott Sanborn also recently made the following trade(s):

• On Wednesday, August 5th, Scott Sanborn sold 28,750 shares of Lendingclub stock. The shares were sold at an average price of $20.56, for a total value of $591,100.00.
• On Wednesday, July 1st, Scott Sanborn sold 25,000 shares of Lendingclub stock. The shares were sold at an average price of $21.00, for a total value of $525,000.00.
• On Wednesday, June 24th, Scott Sanborn sold 28,750 shares of Lendingclub stock. The shares were sold at an average price of $19.17, for a total value of $551,137.50.

Lendingclub Price Performance

Shares of HAPN traded up $0.08 during trading hours on Thursday, hitting $18.44. The company had a trading volume of 750,443 shares, compared to its average volume of 2,063,117. The business’s fifty day moving average price is $19.35. Lendingclub Corp has a one year low of $13.05 and a one year high of $21.67. The company has a market cap of $2.13 billion, a P/E ratio of 11.11 and a beta of 1.91.

Lendingclub (NASDAQ:HAPN) last announced its earnings results on Monday, July 27th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.08. The business 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. Sell-side analysts predict that Lendingclub Corp will post 1.87 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on HAPN shares. BTIG Research reissued a “buy” rating and set a $25.00 target price on shares of Lendingclub in a research report on Tuesday, July 28th. Weiss Ratings started coverage on shares of Lendingclub in a report on Thursday, June 25th. They issued a “hold (c+)” rating on the stock. Finally, Citizens Jmp upped their price target on Lendingclub from $23.00 to $25.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 28th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.