Insider Selling: Dipchand Nishar Sells 11,458 Shares of LinkedIn Corp. Stock (LNKD)
LinkedIn Corp. (NASDAQ:LNKD) SVP Dipchand Nishar sold 11,458 shares of LinkedIn Corp. stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $239.58, for a total value of $2,745,107.64. Following the transaction, the senior vice president now directly owns 58,268 shares in the company, valued at approximately $13,959,847. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of LinkedIn Corp. (NASDAQ:LNKD) traded down 0.40% during mid-day trading on Wednesday, hitting $221.83. 4,484,810 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 $244.1 and a 200-day moving average of $202.. The company has a market cap of $24.867 billion and a price-to-earnings ratio of 846.88. LinkedIn Corp. also saw some unusual options trading activity on Tuesday. Traders bought 35,822 call options on the company. This represents an increase of 215% compared to the average volume of 11,360 call options.
LinkedIn Corp. (NASDAQ:LNKD) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.38 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.16 earnings per share. LinkedIn Corp.’s revenue was up 59.4% compared to the same quarter last year. On average, analysts predict that LinkedIn Corp. will post $1.54 earnings per share for the current fiscal year.
A number of research firms have recently commented on LNKD. Analysts at TheStreet reiterated a “sell” rating on shares of LinkedIn Corp. in a research note to investors on Tuesday. Separately, analysts at Macquarie raised their price target on shares of LinkedIn Corp. from $260.00 to $285.00 in a research note to investors on Monday, September 30th. They now have a “buy” rating on the stock. Finally, analysts at Wunderlich raised their price target on shares of LinkedIn Corp. from $250.00 to $280.00 in a research note to investors on Thursday, September 26th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have issued a buy rating to the stock. LinkedIn Corp. currently has an average rating of “Buy” and an average target price of $230.10.
LinkedIn Corporation (NASDAQ:LNKD) is a professional network on the Internet with more than 238 million members in over 200 countries and territories.
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