Centiva Capital LP Takes Position in MeridianLink, Inc. (NYSE:MLNK)

Centiva Capital LP acquired a new position in shares of MeridianLink, Inc. (NYSE:MLNK - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 40,000 shares of the company's stock, valued at approximately $823,000. Centiva Capital LP owned 0.05% of MeridianLink as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. FMR LLC increased its holdings in MeridianLink by 5.1% in the third quarter. FMR LLC now owns 23,408 shares of the company's stock worth $482,000 after purchasing an additional 1,139 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of MeridianLink by 24.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 218,104 shares of the company's stock valued at $4,486,000 after acquiring an additional 42,302 shares during the period. WCM Investment Management LLC boosted its stake in MeridianLink by 1.0% during the third quarter. WCM Investment Management LLC now owns 1,159,590 shares of the company's stock worth $24,340,000 after acquiring an additional 12,002 shares in the last quarter. Seven Grand Managers LLC acquired a new stake in MeridianLink in the third quarter worth $2,057,000. Finally, SG Americas Securities LLC acquired a new position in shares of MeridianLink during the third quarter valued at about $231,000. Institutional investors own 82.65% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MLNK. Raymond James boosted their target price on MeridianLink from $26.00 to $28.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Stifel Nicolaus upped their target price on shares of MeridianLink from $18.00 to $22.00 and gave the stock a "hold" rating in a report on Friday, August 9th. UBS Group raised 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. Finally, Barclays upped their price target on MeridianLink from $18.00 to $20.00 and gave the stock an "underweight" rating in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $22.90.

Insider Buying and Selling at MeridianLink

In other news, major shareholder Timothy Nguyen sold 27,500 shares of the company's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $23.43, for a total transaction of $644,325.00. Following the transaction, the insider now owns 10,640,130 shares of the company's stock, valued at $249,298,245.90. This represents a 0.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Thoma Bravo Ugp, Llc sold 650,000 shares of MeridianLink stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $21.05, for a total value of $13,682,500.00. Following the completion of the sale, the insider now directly owns 28,932,388 shares of the company's stock, valued at approximately $609,026,767.40. This trade represents a 2.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,829,977 shares of company stock worth $144,195,297 in the last quarter. 21.30% of the stock is currently owned by company insiders.

MeridianLink Stock Performance

Shares of MLNK traded up $0.20 on Friday, reaching $23.07. 194,474 shares of the company's stock traded hands, compared to its average volume of 317,816. The stock's 50 day simple moving average is $22.08 and its two-hundred day simple moving average is $21.89. The stock has a market cap of $1.74 billion, a PE ratio of -34.40 and a beta of 0.99. MeridianLink, Inc. has a 52-week low of $16.49 and a 52-week high of $25.88. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.11.

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.