Barclays PLC Buys 32,808 Shares of MeridianLink, Inc. (NYSE:MLNK)

Barclays PLC increased its position in shares of MeridianLink, Inc. (NYSE:MLNK - Free Report) by 342.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 42,399 shares of the company's stock after acquiring an additional 32,808 shares during the period. Barclays PLC owned about 0.06% of MeridianLink worth $872,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of MLNK. SG Americas Securities LLC bought a new stake in MeridianLink in the third quarter worth approximately $231,000. Squarepoint Ops LLC acquired a new stake in MeridianLink in the second quarter valued at approximately $336,000. The Manufacturers Life Insurance Company increased its holdings in shares of MeridianLink by 10.1% during the second quarter. The Manufacturers Life Insurance Company now owns 16,218 shares of the company's stock valued at $346,000 after acquiring an additional 1,490 shares in the last quarter. XTX Topco Ltd bought a new position in shares of MeridianLink in the 2nd quarter worth $360,000. Finally, American Century Companies Inc. grew its position in MeridianLink by 46.4% in the 2nd quarter. American Century Companies Inc. now owns 18,896 shares of the company's stock valued at $404,000 after purchasing an additional 5,988 shares during the period. 82.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. UBS Group upgraded shares of MeridianLink from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $18.00 to $22.50 in a report on Monday, November 11th. Raymond James upped their price target on MeridianLink from $26.00 to $28.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. One 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 data from MarketBeat, MeridianLink presently has an average rating of "Hold" and an average price target of $22.90.

Insider Activity

In related news, CEO Nicolaas Vlok sold 29,217 shares of the company's stock in a transaction on 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 transaction, the chief executive officer now directly owns 1,043,382 shares in the company, valued at approximately $23,789,109.60. The trade was a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Timothy Nguyen sold 1,701 shares of the company's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $23.05, for a total value of $39,208.05. Following the completion of the transaction, the insider now owns 10,728,234 shares of the company's stock, valued at $247,285,793.70. The trade was a 0.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 936,488 shares of company stock worth $20,208,238 over the last ninety days. Company insiders own 21.30% of the company's stock.

MeridianLink Stock Performance

MeridianLink stock traded up $0.04 during mid-day trading on Thursday, reaching $19.42. The company's stock had a trading volume of 50,084 shares, compared to its average volume of 235,945. MeridianLink, Inc. has a 12-month low of $16.49 and a 12-month high of $25.33. The firm's fifty day moving average price is $21.88 and its two-hundred day moving average price is $22.09. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.86 and a current ratio of 1.86. The company has a market capitalization of $1.47 billion, a P/E ratio of -28.99 and a beta of 1.02.

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.