Maven Securities LTD Invests $5.38 Million in MeridianLink, Inc. (NYSE:MLNK)

Maven Securities LTD purchased a new stake in shares of MeridianLink, Inc. (NYSE:MLNK) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 261,396 shares of the company’s stock, valued at approximately $5,377,000. Maven Securities LTD owned about 0.35% of MeridianLink at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. FMR LLC increased its stake in MeridianLink by 5.1% during the third quarter. FMR LLC now owns 23,408 shares of the company’s stock worth $482,000 after acquiring an additional 1,139 shares during the last quarter. The Manufacturers Life Insurance Company lifted 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 buying an additional 1,490 shares during the last quarter. nVerses Capital LLC purchased a new stake in shares of MeridianLink in the 2nd quarter valued at approximately $41,000. Rhumbline Advisers lifted its stake in MeridianLink by 6.4% during the second quarter. Rhumbline Advisers now owns 43,865 shares of the company’s stock worth $937,000 after purchasing an additional 2,633 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in MeridianLink by 46.4% during the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 82.65% of the company’s stock.

Analyst Upgrades and Downgrades

MLNK has been the topic of a number of recent research reports. UBS Group upgraded shares of MeridianLink from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $18.00 to $22.50 in a research note on Monday, November 11th. Raymond James increased their target price on shares of MeridianLink from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Barclays boosted their price target on shares of MeridianLink from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Friday, August 9th. Finally, Stifel Nicolaus increased their price objective on MeridianLink from $18.00 to $22.00 and gave the company a “hold” rating in a research note on Friday, August 9th. One research 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’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $22.90.

MeridianLink Trading Down 1.4 %

NYSE:MLNK opened at $22.98 on Wednesday. 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, Inc. has a 1 year low of $16.49 and a 1 year high of $25.88. The stock has a market cap of $1.74 billion, a P/E ratio of -34.31 and a beta of 0.99. The stock has a 50-day simple moving average of $22.03 and a 200-day simple moving average of $21.81.

Insiders Place Their Bets

In other MeridianLink news, major shareholder Thoma Bravo Ugp, Llc sold 650,000 shares of MeridianLink stock in a transaction on Friday, October 18th. The shares were sold at an average price of $21.05, for a total value of $13,682,500.00. Following the transaction, the insider now directly owns 28,932,388 shares in the company, valued at approximately $609,026,767.40. The trade was a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Timothy Nguyen sold 10,776 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $23.02, for a total value of $248,063.52. Following the sale, the insider now directly owns 10,751,935 shares of the company’s stock, valued at approximately $247,509,543.70. This represents a 0.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,802,477 shares of company stock valued at $143,550,972. 21.30% of the stock is currently owned by insiders.

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.