MeridianLink, Inc. (NYSE:MLNK) Shares Sold by XTX Topco Ltd

XTX Topco Ltd decreased its holdings in shares of MeridianLink, Inc. (NYSE:MLNK) by 19.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 13,625 shares of the company’s stock after selling 3,225 shares during the period. XTX Topco Ltd’s holdings in MeridianLink were worth $280,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. FMR LLC lifted its holdings in shares of MeridianLink by 5.1% during the 3rd quarter. FMR LLC now owns 23,408 shares of the company’s stock valued at $482,000 after acquiring an additional 1,139 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in MeridianLink by 10.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,218 shares of the company’s stock worth $346,000 after buying an additional 1,490 shares in the last quarter. nVerses Capital LLC acquired a new position in MeridianLink in the 2nd quarter worth $41,000. Rhumbline Advisers lifted its holdings in MeridianLink by 6.4% in the 2nd quarter. Rhumbline Advisers now owns 43,865 shares of the company’s stock worth $937,000 after buying an additional 2,633 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in MeridianLink by 46.4% in the 2nd quarter. American Century Companies Inc. now owns 18,896 shares of the company’s stock worth $404,000 after buying an additional 5,988 shares in the last quarter. Institutional investors and hedge funds own 82.65% of the company’s stock.

MeridianLink Price Performance

MLNK opened at $22.18 on Wednesday. The company has a 50-day moving average of $22.39 and a 200-day moving average of $22.12. The company has a market capitalization of $1.68 billion, a P/E ratio of -33.10 and a beta of 0.99. MeridianLink, Inc. has a 1-year low of $16.49 and a 1-year 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.

Insider Transactions at MeridianLink

In other news, CEO Nicolaas Vlok sold 29,217 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $22.80, for a total value of $666,147.60. Following the completion of the sale, the chief executive officer now owns 1,043,382 shares of the company’s stock, valued at approximately $23,789,109.60. The trade was a 2.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Timothy Nguyen sold 1,701 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $23.05, for a total transaction of $39,208.05. Following the sale, the insider now directly owns 10,728,234 shares of the company’s stock, valued at approximately $247,285,793.70. This represents a 0.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,864,890 shares of company stock valued at $144,992,509. Insiders own 21.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on MLNK shares. Raymond James boosted their price objective on shares of MeridianLink from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. UBS Group upgraded shares of MeridianLink from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $18.00 to $22.50 in a report on Monday, November 11th. One 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target 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.