Insider Selling: Dipchand Nishar Sells 1,845 Shares of LinkedIn Corp Stock (LNKD)
LinkedIn Corp (NYSE:LNKD) SVP Dipchand Nishar sold 1,845 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $189.84, for a total value of $350,254.80. Following the sale, the senior vice president now directly owns 54,783 shares in the company, valued at approximately $10,400,005. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at TheStreet reiterated a “sell” rating on shares of LinkedIn Corp in a research note on Wednesday. Separately, analysts at FBN Securities cut their price target on shares of LinkedIn Corp from $275.00 to $250.00 in a research note on Friday, February 7th. Finally, analysts at Credit Suisse cut their EPS estimates on shares of LinkedIn Corp in a research note on Friday. They now have an “outperform” rating and a $274.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have given a buy rating to the company. LinkedIn Corp currently has a consensus rating of “Hold” and an average price target of $244.56.
LinkedIn Corp (NYSE:LNKD) traded down 1.49% on Thursday, hitting $193.39. 2,886,968 shares of the company’s stock traded hands. LinkedIn Corp has a 52-week low of $155.00 and a 52-week high of $257.56. The stock’s 50-day moving average is $210.2 and its 200-day moving average is $227.4. The company has a market cap of $23.177 billion and a P/E ratio of 853.57.
LinkedIn Corp (NYSE:LNKD) last announced its earnings results on Thursday, February 6th. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.38 by $0.01. The company had revenue of $447.20 million for the quarter, compared to the consensus estimate of $437.92 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue was up 47.3% on a year-over-year basis. On average, analysts predict that LinkedIn Corp will post $1.58 earnings per share for the current fiscal year.
LinkedIn Corporation (NYSE:LNKD) is a professional network on the Internet with more than 200 million members in over 200 countries and territories.
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