JPMorgan Chase & Co. Has $437,000 Holdings in MeridianLink, Inc. (NYSE:MLNK)

JPMorgan Chase & Co. decreased its position in MeridianLink, Inc. (NYSE:MLNK - Free Report) by 55.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,233 shares of the company's stock after selling 26,610 shares during the quarter. JPMorgan Chase & Co.'s holdings in MeridianLink were worth $437,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of MLNK. American Century Companies Inc. increased 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 worth $404,000 after buying an additional 5,988 shares during the period. Dimensional Fund Advisors LP raised its stake in MeridianLink by 23.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 797,074 shares of the company's stock valued at $17,026,000 after purchasing an additional 150,712 shares during the last quarter. Squarepoint Ops LLC bought a new stake in MeridianLink in the 2nd quarter valued at $336,000. The Manufacturers Life Insurance Company grew its position 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 purchasing an additional 1,490 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of MeridianLink during the 3rd quarter worth about $231,000. 82.65% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, major shareholder Timothy Nguyen sold 10,776 shares of the company's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $23.02, for a total value of $248,063.52. Following the completion of the sale, the insider now directly owns 10,751,935 shares of the company's stock, valued at $247,509,543.70. This represents a 0.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Nicolaas Vlok sold 71,598 shares of the company's stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $21.17, for a total transaction of $1,515,729.66. Following the completion of the sale, the chief executive officer now directly owns 1,043,382 shares of the company's stock, valued at $22,088,396.94. The trade was a 6.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 286,488 shares of company stock valued at $6,525,738 over the last ninety days. Insiders own 21.30% of the company's stock.

MeridianLink Trading Down 2.7 %

NYSE:MLNK traded down $0.54 during trading hours on Friday, hitting $19.26. 463,625 shares of the stock were exchanged, compared to its average volume of 201,170. The company has a market capitalization of $1.45 billion, a P/E ratio of -28.74 and a beta of 1.02. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.11. The company's 50 day moving average is $21.15 and its two-hundred day moving average is $21.95. MeridianLink, Inc. has a twelve month low of $16.49 and a twelve month high of $25.33.

MeridianLink (NYSE:MLNK - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.17). The firm had revenue of $80.37 million for the quarter, compared to analyst estimates of $79.54 million. MeridianLink had a negative net margin of 16.57% and a negative return on equity of 9.57%. On average, sell-side analysts anticipate that MeridianLink, Inc. will post -0.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Bank of America cut shares of MeridianLink from a "buy" rating to an "underperform" rating and reduced their target price for the company from $28.00 to $18.00 in a research note on Thursday. Raymond James raised their price target on shares of MeridianLink from $26.00 to $28.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Finally, UBS Group upgraded shares of MeridianLink from a "sell" rating to a "neutral" rating and boosted their target price for the company from $18.00 to $22.50 in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $22.08.

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.