Insider Selling: Erika Rottenberg Unloads 1,433 Shares of LinkedIn Corp Stock (LNKD)
LinkedIn Corp (NYSE:LNKD) VP Erika Rottenberg unloaded 1,433 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $216.56, for a total value of $310,330.48. Following the completion of the transaction, the vice president now directly owns 30,914 shares in the company, valued at approximately $6,694,736. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
LinkedIn Corp (NYSE:LNKD) traded up 0.25% on Thursday, hitting $218.47. The stock had a trading volume of 570,064 shares. LinkedIn Corp has a 1-year low of $136.02 and a 1-year high of $257.56. The stock has a 50-day moving average of $185.1 and a 200-day moving average of $178.7. The company’s market cap is $26.852 billion.
LinkedIn Corp (NYSE:LNKD) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.39 by $0.12. The company had revenue of $534.00 million for the quarter, compared to the consensus estimate of $511.03 million. During the same quarter last year, the company posted $0.38 earnings per share. LinkedIn Corp’s revenue was up 46.8% compared to the same quarter last year. Analysts expect that LinkedIn Corp will post $1.87 EPS for the current fiscal year.
A number of analysts have recently weighed in on LNKD shares. Analysts at Stifel Nicolaus initiated coverage on shares of LinkedIn Corp in a research note on Wednesday, August 13th. They set a “buy” rating and a $250.00 price target on the stock. Separately, analysts at Piper Jaffray raised their price target on shares of LinkedIn Corp from $270.00 to $282.00 in a research note on Friday, August 1st. Finally, analysts at Wedbush raised their price target on shares of LinkedIn Corp from $170.00 to $200.00 in a research note on Friday, August 1st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have assigned a buy rating to the stock. LinkedIn Corp has an average rating of “Buy” and a consensus target price of $234.50.
LinkedIn Corporation (NYSE:LNKD), is a professional network on the Internet with approximately 277 million members in over 200 countries and territories.