Insider Selling: Steven Sordello Sells 5,000 Shares of LinkedIn Corp. Stock (LNKD)
LinkedIn Corp. (NASDAQ:LNKD) CFO Steven Sordello sold 5,000 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $252.47, for a total value of $1,262,350.00. Following the completion of the transaction, the chief financial officer now directly owns 42,138 shares of the company’s stock. The transaction was disclosed in a filing with the SEC, which is available at this link.
LNKD has been the subject of a number of recent research reports. Analysts at TheStreet reiterated a “sell” rating on shares of LinkedIn Corp. (NASDAQ:LNKD) in a research note to investors on Tuesday. Separately, analysts at Wunderlich reiterated a “buy” rating on shares of LinkedIn Corp. (NASDAQ:LNKD) in a research note to investors on Wednesday, September 4th. They now have a $250.00 price target on the stock. Finally, analysts at Needham & Company reiterated a “positive” rating on shares of LinkedIn Corp. (NASDAQ:LNKD) in a research note to investors on Wednesday, August 28th. They now have a $280.00 price target on the stock.
One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $224.17.
Shares of LinkedIn Corp. (NASDAQ:LNKD) traded down 2.51% on Thursday, hitting $249.70. 1,720,178 shares of the company’s stock traded hands. LinkedIn Corp. has a 52-week low of $94.75 and a 52-week high of $257.56. The stock has a 50-day moving average of $231.8 and a 200-day moving average of $192.2. The company has a market cap of $27.991 billion and a price-to-earnings ratio of 973.92.
LinkedIn Corp. (NASDAQ:LNKD) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.07. The company had revenue of $363.70 million for the quarter, compared to the consensus estimate of $354.01 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was up 59.4% on a year-over-year basis. On average, analysts predict that LinkedIn Corp. will post $1.54 earnings per share for the current fiscal year.
LinkedIn Corporation (NASDAQ:LNKD) is a professional network on the Internet with more than 90 million members in over 200 countries and territories.
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