Insider Selling: LinkedIn Corp CFO Sells 3,014 Shares of Stock (LNKD)
LinkedIn Corp (NYSE:LNKD) CFO Steven J. Sordello unloaded 3,014 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $216.37, for a total transaction of $652,139.18. Following the sale, the chief financial officer now directly owns 43,884 shares of the company’s stock, valued at approximately $9,495,181. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
LinkedIn Corp (NYSE:LNKD) traded up 0.49% during mid-day trading on Thursday, hitting $218.99. 723,390 shares of the company’s stock traded hands. LinkedIn Corp has a one year low of $136.02 and a one 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 $26.916 billion.
LinkedIn Corp (NYSE:LNKD) last released its earnings data on Thursday, July 31st. The company reported $0.51 earnings per share for the quarter, beating the analysts’ 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.
LNKD has been the subject of a number of recent research reports. 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 given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target 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.
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