Insider Selling: LinkedIn Corp. CEO Sells 37,000 Shares of Stock (LNKD)
LinkedIn Corp. (NYSE:LNKD) CEO Jeff Weiner sold 37,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $212.21, for a total transaction of $7,851,770.00. Following the completion of the sale, the chief executive officer now directly owns 174,901 shares of the company’s stock, valued at approximately $37,115,741. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of LinkedIn Corp. (NYSE:LNKD) traded up 0.96% during mid-day trading on Wednesday, hitting $214.36. 2,150,697 shares of the company’s stock traded hands. LinkedIn Corp. has a 1-year low of $122.08 and a 1-year high of $257.56. The stock has a 50-day moving average of $215.3 and a 200-day moving average of $227.. The company has a market cap of $25.595 billion and a P/E ratio of 956.44.
A number of research firms have recently commented on LNKD. Analysts at Cowen and Company reiterated a “market perform” rating on shares of LinkedIn Corp. in a research note to investors on Wednesday. Separately, analysts at TheStreet reiterated a “sell” rating on shares of LinkedIn Corp. in a research note to investors on Monday, January 27th. Finally, analysts at Topeka Capital Markets initiated coverage on shares of LinkedIn Corp. in a research note to investors on Friday, January 17th. They set a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and seventeen have given a buy rating to the company’s stock. LinkedIn Corp. has an average rating of “Hold” and a consensus price target of $246.47.
LinkedIn Corporation (NYSE:LNKD) is a professional network on the Internet with more than 238 million members in over 200 countries and territories.
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