Fmr LLC Increases Stake in MeridianLink, Inc. (NYSE:MLNK)

Fmr LLC boosted its stake in MeridianLink, Inc. (NYSE:MLNK) by 5.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,408 shares of the company’s stock after buying an additional 1,139 shares during the period. Fmr LLC’s holdings in MeridianLink were worth $482,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MLNK. Bank of New York Mellon Corp grew its holdings in MeridianLink by 14.3% in the second quarter. Bank of New York Mellon Corp now owns 98,299 shares of the company’s stock worth $2,100,000 after purchasing an additional 12,302 shares during the period. nVerses Capital LLC purchased a new stake in shares of MeridianLink in the 2nd quarter worth approximately $41,000. Rhumbline Advisers increased its position in MeridianLink by 6.4% during the 2nd quarter. Rhumbline Advisers now owns 43,865 shares of the company’s stock valued at $937,000 after buying an additional 2,633 shares in the last quarter. American Century Companies Inc. raised its stake in MeridianLink by 46.4% during the second quarter. American Century Companies Inc. now owns 18,896 shares of the company’s stock valued at $404,000 after buying an additional 5,988 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in MeridianLink by 23.3% during the second quarter. Dimensional Fund Advisors LP now owns 797,074 shares of the company’s stock valued at $17,026,000 after buying an additional 150,712 shares during the last quarter. 82.65% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Nicolaas Vlok sold 29,217 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $22.80, for a total transaction of $666,147.60. Following the completion of the sale, the chief executive officer now directly owns 1,043,382 shares in the company, valued at approximately $23,789,109.60. The trade was a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Timothy Nguyen sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $23.50, for a total transaction of $2,350,000.00. Following the sale, the insider now directly owns 10,928,412 shares of the company’s stock, valued at approximately $256,817,682. This represents a 0.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,864,890 shares of company stock valued at $144,992,509. Company insiders own 21.30% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MLNK. UBS Group upgraded MeridianLink from a “sell” rating to a “neutral” rating and raised their price target for the company from $18.00 to $22.50 in a report on Monday, November 11th. Raymond James raised their price objective on shares of MeridianLink from $26.00 to $28.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $22.90.

MeridianLink Price Performance

Shares of NYSE:MLNK opened at $21.41 on Thursday. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of -31.96 and a beta of 0.99. The business has a 50-day simple moving average of $22.42 and a two-hundred day simple moving average of $22.12. MeridianLink, Inc. has a fifty-two week low of $16.49 and a fifty-two week high of $25.88. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.86 and a current ratio of 1.86.

MeridianLink Profile

MeridianLink, Inc, a software and services company, provides software solutions for banks, credit unions, mortgage lenders, specialty lending providers, and consumer reporting agencies in the United States. The company offers MeridianLink One, a multi-product platform that can be tailored to meet the needs of customers as they digitally transform their organizations and adapt to changing business and consumer demands; MeridianLink Portal, a Point of Sale system that allows financial institutions to expand existing lending and deposit account; MeridianLink Opening, a cloud-based online account opening and deposit software solution; MeridianLink Consumer, a full loan solution suite to banks and credit unions; and MeridianLink DecisionLender, a loan origination software (LOS) for finance companies.