Lendingclub Corp (NASDAQ:HAPN – Get Free Report) CEO Scott Sanborn sold 28,750 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $19.17, for a total transaction of $551,137.50. Following the transaction, the chief executive officer owned 1,561,063 shares of the company’s stock, valued at $29,925,577.71. This trade represents a 1.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Lendingclub Trading Up 2.2%
Shares of NASDAQ HAPN opened at $20.10 on Friday. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 13.49 and a beta of 1.98. Lendingclub Corp has a 12-month low of $11.75 and a 12-month high of $21.67.
Analyst Ratings Changes
Separately, Weiss Ratings initiated coverage on Lendingclub in a research note on Thursday. They issued a “hold (c+)” rating on the stock. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Lendingclub presently has a consensus rating of “Hold”.
Lendingclub Company Profile
I couldn’t find enough reliable information about LendingClub with the ticker symbol NASDAQ:HAPN to write an accurate company description.
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