MeridianLink, Inc. (NYSE:MLNK) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its holdings in shares of MeridianLink, Inc. (NYSE:MLNK) by 24.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 218,104 shares of the company’s stock after buying an additional 42,302 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.29% of MeridianLink worth $4,486,000 as of its most recent filing with the Securities and Exchange Commission.

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

MeridianLink Stock Down 1.5 %

MeridianLink stock opened at $22.43 on Friday. The firm’s 50 day moving average price is $22.32 and its two-hundred day moving average price is $22.03. MeridianLink, Inc. has a twelve month low of $16.49 and a twelve month high of $25.88. The firm has a market cap of $1.69 billion, a PE ratio of -33.47 and a beta of 0.99. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.86 and a current ratio of 1.86.

Insider Transactions at MeridianLink

In related news, major shareholder Thoma Bravo Ugp, Llc sold 6,000,000 shares of the firm’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $21.05, for a total value of $126,300,000.00. Following the transaction, the insider now directly owns 29,582,388 shares in the company, valued at approximately $622,709,267.40. This trade represents a 16.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Timothy Nguyen sold 100,000 shares of the firm’s stock in a transaction 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,864,860 shares of company stock worth $144,991,819 in the last 90 days. 21.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Raymond James upped their target price on shares of MeridianLink from $26.00 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. UBS Group raised shares of MeridianLink from a “sell” rating to a “neutral” rating and upped their price target for the stock from $18.00 to $22.50 in a research note on Monday, November 11th. 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 MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $22.90.

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.