LinkedIn Corp SVP Dipchand Nishar Sells 11,820 Shares (LNKD)
LinkedIn Corp (NYSE:LNKD) SVP Dipchand Nishar sold 11,820 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $226.09, for a total value of $2,672,383.80. Following the transaction, the senior vice president now directly owns 78,660 shares of the company’s stock, valued at approximately $17,784,239. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of LinkedIn Corp (NYSE:LNKD) traded down 1.73% on Monday, hitting $222.48. 1,904,089 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’s 50-day moving average is $187.9 and its 200-day moving average is $179.. The company’s market cap is $27.345 billion.
LinkedIn Corp (NYSE:LNKD) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.51 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was up 46.8% on a year-over-year basis. On average, analysts predict that LinkedIn Corp will post $1.87 earnings per share for the current fiscal year.
A number of research firms have recently commented on LNKD. 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 equities 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 stock. The stock presently 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.
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