Jane Street Group LLC Reduces Stock Holdings in MeridianLink, Inc. (NYSE:MLNK)

Jane Street Group LLC decreased its position in MeridianLink, Inc. (NYSE:MLNK) by 19.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,997 shares of the company’s stock after selling 11,768 shares during the period. Jane Street Group LLC owned about 0.07% of MeridianLink worth $1,028,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. State Street Corp lifted its stake in MeridianLink by 20.7% in the third quarter. State Street Corp now owns 667,201 shares of the company’s stock valued at $13,724,000 after purchasing an additional 114,578 shares during the last quarter. Polar Asset Management Partners Inc. purchased a new stake in shares of MeridianLink during the third quarter worth $8,598,000. Maven Securities LTD purchased a new stake in shares of MeridianLink during the third quarter worth $5,377,000. Centiva Capital LP purchased a new stake in shares of MeridianLink during the third quarter worth $823,000. Finally, FMR LLC lifted its position in shares of 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 in the last quarter. Hedge funds and other institutional investors own 82.65% of the company’s stock.

Insider Activity

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on MLNK shares. Raymond James increased their target price on 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 report on Monday, November 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, MeridianLink currently has a consensus rating of “Hold” and an average target price of $22.90.

MeridianLink Stock Down 1.6 %

Shares of NYSE:MLNK opened at $20.70 on Tuesday. The stock’s 50-day moving average price is $22.44 and its 200-day moving average price is $22.20. MeridianLink, Inc. has a 12-month low of $16.49 and a 12-month high of $25.33. The stock has a market capitalization of $1.56 billion, a P/E ratio of -30.90 and a beta of 0.99. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.11.

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.