UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Position in MeridianLink, Inc. (NYSE:MLNK)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of MeridianLink, Inc. (NYSE:MLNK) by 6.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 49,582 shares of the company’s stock after selling 3,343 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.07% of MeridianLink worth $1,020,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. nVerses Capital LLC acquired a new position in shares of MeridianLink during the 2nd quarter valued at $41,000. SG Americas Securities LLC purchased a new stake in shares of MeridianLink during the 3rd quarter valued at about $231,000. Squarepoint Ops LLC acquired a new position in MeridianLink during the 2nd quarter worth approximately $336,000. The Manufacturers Life Insurance Company grew its position in MeridianLink by 10.1% in the second quarter. The Manufacturers Life Insurance Company now owns 16,218 shares of the company’s stock valued at $346,000 after acquiring an additional 1,490 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of MeridianLink during the second quarter valued at approximately $360,000. Hedge funds and other institutional investors own 82.65% of the company’s stock.

MeridianLink Stock Down 3.5 %

Shares of MeridianLink stock opened at $21.41 on Thursday. The business has a 50-day moving average price of $22.42 and a 200 day moving average price of $22.12. MeridianLink, Inc. has a fifty-two week low of $16.49 and a fifty-two week high of $25.88. The firm has a market cap of $1.62 billion, a P/E ratio of -31.96 and a beta of 0.99. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.11.

Insider Transactions at MeridianLink

In related news, major shareholder Timothy Nguyen sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $23.50, for a total transaction of $2,350,000.00. Following the completion of the transaction, the insider now owns 10,928,412 shares in the company, valued at $256,817,682. The trade was a 0.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Thoma Bravo Ugp, Llc sold 650,000 shares of the stock in a transaction on Friday, October 18th. The stock was sold at an average price of $21.05, for a total value of $13,682,500.00. Following the completion of the sale, the insider now directly owns 28,932,388 shares in the company, valued at $609,026,767.40. This represents a 2.20 % 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 worth $144,992,509. 21.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

MLNK has been the subject of several recent analyst reports. UBS Group upgraded MeridianLink from a “sell” rating to a “neutral” rating and raised their target price for the company from $18.00 to $22.50 in a research note on Monday, November 11th. Raymond James upped their target price on MeridianLink from $26.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, MeridianLink currently has an average rating of “Hold” and an average target price of $22.90.

MeridianLink Company 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.