MeridianLink, Inc. (NYSE:MLNK) Major Shareholder Thoma Bravo Ugp, Llc Sells 650,000 Shares

MeridianLink, Inc. (NYSE:MLNK) major shareholder Thoma Bravo Ugp, Llc sold 650,000 shares of the company’s 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 completion of the transaction, the insider now directly owns 28,932,388 shares in the company, valued at approximately $609,026,767.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Thoma Bravo Ugp, Llc also recently made the following trade(s):

• On Monday, September 30th, Thoma Bravo Ugp, Llc sold 6,000,000 shares of MeridianLink stock. The shares were sold at an average price of $21.05, for a total value of $126,300,000.00.

MeridianLink Price Performance

MLNK stock opened at $21.43 on Monday. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $1.64 billion, a PE ratio of -39.69 and a beta of 1.00. MeridianLink, Inc. has a 12-month low of $14.89 and a 12-month high of $25.88. The business’s fifty day moving average price is $22.13 and its 200 day moving average price is $20.67.

MeridianLink (NYSE:MLNK) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.04). MeridianLink had a negative return on equity of 7.62% and a negative net margin of 15.16%. The company had revenue of $78.70 million for the quarter, compared to analysts’ expectations of $78.08 million. During the same quarter last year, the company earned ($0.06) EPS. MeridianLink’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, sell-side analysts anticipate that MeridianLink, Inc. will post -0.27 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Stifel Nicolaus upped their price target on MeridianLink from $18.00 to $22.00 and gave the company a “hold” rating in a research note on Friday, August 9th. Barclays upped their price target on MeridianLink from $18.00 to $20.00 and gave the company an “underweight” rating in a research note on Friday, August 9th. Finally, UBS Group boosted their price objective on MeridianLink from $17.00 to $18.00 and gave the company a “sell” rating in a report on Tuesday, August 13th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $20.60.

Institutional Investors Weigh In On MeridianLink

Several large investors have recently bought and sold shares of MLNK. nVerses Capital LLC purchased a new stake in MeridianLink during the 2nd quarter worth about $41,000. SG Americas Securities LLC acquired a new position in shares of MeridianLink during the 3rd quarter worth about $231,000. Russell Investments Group Ltd. boosted its position in shares of MeridianLink by 26.4% during the 1st quarter. Russell Investments Group Ltd. now owns 15,430 shares of the company’s stock worth $289,000 after acquiring an additional 3,226 shares in the last quarter. Capstone Investment Advisors LLC acquired a new stake in shares of MeridianLink in the 1st quarter valued at about $325,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of MeridianLink in the 2nd quarter valued at about $336,000. Hedge funds and other institutional investors own 82.65% of the company’s stock.

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.