Barclays PLC Buys 32,808 Shares of MeridianLink, Inc. (NYSE:MLNK)

Barclays PLC boosted its stake in shares of MeridianLink, Inc. (NYSE:MLNK) by 342.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,399 shares of the company’s stock after purchasing an additional 32,808 shares during the period. Barclays PLC owned about 0.06% of MeridianLink worth $872,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new position in MeridianLink in the third quarter worth approximately $231,000. Squarepoint Ops LLC bought a new position in MeridianLink in the second quarter worth approximately $336,000. The Manufacturers Life Insurance Company raised 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 worth $346,000 after acquiring an additional 1,490 shares during the period. XTX Topco Ltd bought a new position in MeridianLink in the second quarter worth approximately $360,000. Finally, American Century Companies Inc. raised its position in MeridianLink by 46.4% in the second quarter. American Century Companies Inc. now owns 18,896 shares of the company’s stock worth $404,000 after acquiring an additional 5,988 shares during the period. Institutional investors own 82.65% of the company’s stock.

Insider Activity at MeridianLink

In other MeridianLink news, major shareholder Timothy Nguyen sold 100,000 shares of MeridianLink stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $23.50, for a total value of $2,350,000.00. Following the completion of the transaction, the insider now directly owns 10,928,412 shares of the company’s stock, valued at $256,817,682. This trade represents a 0.91 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Nicolaas Vlok sold 29,217 shares of MeridianLink stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $22.80, for a total transaction of $666,147.60. Following the completion of the transaction, the chief executive officer now directly owns 1,043,382 shares of the company’s stock, valued at $23,789,109.60. The trade was a 2.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 936,488 shares of company stock valued at $20,208,238. Corporate insiders own 21.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on MLNK shares. Raymond James increased their price target 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 increased their price objective for the stock from $18.00 to $22.50 in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $22.90.

MeridianLink Stock Performance

Shares of NYSE MLNK opened at $19.38 on Thursday. The firm has a fifty day moving average price of $21.98 and a 200-day moving average price of $22.11. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.86 and a quick ratio of 1.86. The stock has a market cap of $1.46 billion, a PE ratio of -28.93 and a beta of 1.02. MeridianLink, Inc. has a 1 year low of $16.49 and a 1 year high of $25.33.

About MeridianLink

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.