Insider Selling: LendingClub (NYSE:LC) CFO Sells $340,000.00 in Stock

LendingClub Corporation (NYSE:LC) CFO Andrew Labenne sold 20,000 shares of LendingClub stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $17.00, for a total transaction of $340,000.00. Following the completion of the transaction, the chief financial officer owned 234,955 shares in the company, valued at approximately $3,994,235. This represents a 7.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

LendingClub Stock Performance

NYSE LC opened at $17.86 on Monday. The firm has a market cap of $2.06 billion, a PE ratio of 11.99 and a beta of 1.98. LendingClub Corporation has a one year low of $9.78 and a one year high of $21.67. The firm’s fifty day moving average is $15.82 and its two-hundred day moving average is $17.07.

LendingClub (NYSE:LC) last posted its quarterly earnings data on Monday, April 27th. The credit services provider reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.06. The company had revenue of $252.25 million for the quarter, compared to analyst estimates of $249.10 million. LendingClub had a net margin of 16.99% and a return on equity of 11.92%. LendingClub’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.10 earnings per share. LendingClub has set its FY 2026 guidance at 1.650-1.800 EPS and its Q2 2026 guidance at 0.400-0.450 EPS. Research analysts predict that LendingClub Corporation will post 1.72 earnings per share for the current year.

Institutional Trading of LendingClub

Institutional investors and hedge funds have recently modified their holdings of the business. Comerica Bank lifted its holdings in shares of LendingClub by 6,520.7% in the fourth quarter. Comerica Bank now owns 72,232 shares of the credit services provider’s stock valued at $1,368,000 after purchasing an additional 71,141 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of LendingClub by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 11,697,333 shares of the credit services provider’s stock valued at $221,547,000 after purchasing an additional 516,542 shares in the last quarter. Federated Hermes Inc. lifted its holdings in shares of LendingClub by 21.4% in the third quarter. Federated Hermes Inc. now owns 559,686 shares of the credit services provider’s stock valued at $8,502,000 after purchasing an additional 98,483 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of LendingClub by 48.1% in the third quarter. Allianz Asset Management GmbH now owns 293,066 shares of the credit services provider’s stock valued at $4,452,000 after purchasing an additional 95,240 shares in the last quarter. Finally, Wakefield Asset Management LLLP purchased a new stake in shares of LendingClub in the third quarter valued at about $1,136,000. Hedge funds and other institutional investors own 74.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on LC. Weiss Ratings restated a “hold (c+)” rating on shares of LendingClub in a research note on Wednesday, May 6th. Zacks Research raised shares of LendingClub from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Stephens reaffirmed an “overweight” rating and issued a $22.50 target price (up from $21.00) on shares of LendingClub in a report on Tuesday, April 28th. Finally, Wall Street Zen downgraded shares of LendingClub from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $23.07.

LendingClub Company Profile

LendingClub Corporation operates an online lending marketplace that connects borrowers seeking personal and small business credit with individual and institutional investors. The platform leverages technology to streamline the loan application and underwriting process, offering unsecured personal loans, auto refinancing, and small business loans. In addition to lending products, LendingClub provides high-yield savings accounts and certificates of deposit through its banking charter, following its acquisition of Radius Bank in 2021.

Founded in 2006 by Renaud Laplanche, LendingClub pioneered peer-to-peer lending in the United States, helping to democratize access to credit and investment opportunities.