Jordan Cheng Sells 5,500 Shares of Lendingclub (NASDAQ:HAPN) Stock

Lendingclub Corp (NASDAQ:HAPN) General Counsel Jordan Cheng sold 5,500 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $20.85, for a total transaction of $114,675.00. Following the sale, the general counsel directly owned 102,574 shares in the company, valued at $2,138,667.90. This trade represents a 5.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Lendingclub Stock Performance

HAPN traded down $0.85 on Thursday, reaching $19.69. The stock had a trading volume of 6,356,845 shares, compared to its average volume of 2,255,168. The stock 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 12-month low of $12.17 and a 12-month high of $21.67.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HAPN. Weiss Ratings began coverage on Lendingclub in a research report on Thursday, June 25th. They set a “hold (c+)” rating on the stock. BTIG Research upped their target price on Lendingclub from $20.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average 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.