Insider Selling: Lendingclub (NASDAQ:HAPN) CEO Sells $525,000.00 in Stock

Lendingclub Corp (NASDAQ:HAPN) CEO Scott Sanborn sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $21.00, for a total transaction of $525,000.00. Following the transaction, the chief executive officer owned 1,536,063 shares of the company’s stock, valued at approximately $32,257,323. This trade represents a 1.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Scott Sanborn also recently made the following trade(s):

• On Wednesday, June 24th, Scott Sanborn sold 28,750 shares of Lendingclub stock. The shares were sold at an average price of $19.17, for a total transaction of $551,137.50.

Lendingclub Price Performance

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

Analyst Upgrades and Downgrades

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

About Lendingclub

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