Insider Selling: Lendingclub (NASDAQ:HAPN) General Counsel Sells $114,675.00 in Stock

Lendingclub Corp (NASDAQ:HAPN) General Counsel Jordan Cheng sold 5,500 shares of Lendingclub stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $20.85, for a total transaction of $114,675.00. Following the transaction, the general counsel owned 102,574 shares of the company’s stock, valued at $2,138,667.90. This represents a 5.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Lendingclub Stock Performance

Shares of NASDAQ HAPN opened at $19.69 on Friday. The stock has a market capitalization of $2.27 billion, a P/E ratio of 13.21 and a beta of 1.93. Lendingclub Corp has a fifty-two week low of $12.17 and a fifty-two week high of $21.67.

Analysts Set New Price Targets

HAPN has been the topic of a number of recent research reports. Weiss Ratings assumed coverage on Lendingclub in a report on Thursday, June 25th. They issued a “hold (c+)” rating on the stock. BTIG Research upped their price target on Lendingclub from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $25.00.

Lendingclub Company Profile

I couldn’t find enough reliable information about LendingClub with the ticker symbol NASDAQ:HAPN to write an accurate company description.