Lendingclub (NASDAQ:HAPN) SVP Sells $1,050,500.00 in Stock

Lendingclub Corp (NASDAQ:HAPN) SVP Fergal Stack sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $21.01, for a total value of $1,050,500.00. Following the transaction, the senior vice president directly owned 154,977 shares of the company’s stock, valued at approximately $3,256,066.77. This trade represents a 24.39% decrease in their position. The transaction 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 Price Performance

Shares of HAPN opened at $19.69 on Friday. The company has a market cap of $2.27 billion, a PE ratio of 13.21 and a beta of 1.93. Lendingclub Corp has a twelve month low of $12.17 and a twelve month high of $21.67.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HAPN. Weiss Ratings began coverage on shares of Lendingclub in a research report on Thursday, June 25th. They issued a “hold (c+)” rating for the company. BTIG Research boosted their price target on shares of Lendingclub from $20.00 to $25.00 and gave the stock a “buy” rating in a research 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.