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

Lendingclub Corp (NASDAQ:HAPN) SVP Fergal Stack sold 50,000 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $21.01, for a total value of $1,050,500.00. Following the sale, the senior vice president owned 154,977 shares of the company’s stock, valued at approximately $3,256,066.77. This represents a 24.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Lendingclub Stock Performance

Shares of NASDAQ HAPN opened at $19.69 on Friday. Lendingclub Corp has a 12-month low of $12.17 and a 12-month high of $21.67. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 13.22 and a beta of 1.93.

Analyst Ratings Changes

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

About Lendingclub

I couldn’t find enough reliable information about LendingClub with the ticker symbol NASDAQ:HAPN to write an accurate company description.