261,396 Shares in MeridianLink, Inc. (NYSE:MLNK) Bought by Maven Securities LTD

Maven Securities LTD purchased a new stake in shares of MeridianLink, Inc. (NYSE:MLNK - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 261,396 shares of the company's stock, valued at approximately $5,377,000. Maven Securities LTD owned about 0.35% of MeridianLink at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC raised its position in MeridianLink by 5.1% during the third quarter. FMR LLC now owns 23,408 shares of the company's stock valued at $482,000 after purchasing an additional 1,139 shares during the period. The Manufacturers Life Insurance Company raised its position in 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 purchasing an additional 1,490 shares during the period. nVerses Capital LLC purchased a new stake in MeridianLink during the second quarter valued at approximately $41,000. Rhumbline Advisers raised its holdings in shares of MeridianLink by 6.4% in the second quarter. Rhumbline Advisers now owns 43,865 shares of the company's stock worth $937,000 after buying an additional 2,633 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of MeridianLink by 46.4% in the second 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. 82.65% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, major shareholder Thoma Bravo Ugp, Llc sold 650,000 shares of the business's stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $21.05, for a total transaction of $13,682,500.00. Following the transaction, the insider now directly owns 28,932,388 shares in the company, valued at $609,026,767.40. The trade was a 2.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Timothy Nguyen sold 40,000 shares of MeridianLink stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $23.28, for a total transaction of $931,200.00. Following the sale, the insider now directly owns 10,688,234 shares in the company, valued at approximately $248,822,087.52. The trade was a 0.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,802,477 shares of company stock worth $143,550,972 in the last 90 days. Insiders own 21.30% of the company's stock.

MeridianLink Stock Up 1.4 %

Shares of MeridianLink stock traded up $0.33 during trading on Wednesday, reaching $23.32. The company's stock had a trading volume of 255,349 shares, compared to its average volume of 274,106. 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 has a market cap of $1.76 billion, a price-to-earnings ratio of -34.91 and a beta of 0.99. MeridianLink, Inc. has a 1-year low of $16.49 and a 1-year high of $25.88. The company has a 50-day simple moving average of $22.03 and a two-hundred day simple moving average of $21.85.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MLNK shares. Raymond James increased 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. Barclays increased their price objective on MeridianLink from $18.00 to $20.00 and gave the stock an "underweight" rating in a research note on Friday, August 9th. Stifel Nicolaus increased their price objective on MeridianLink from $18.00 to $22.00 and gave the stock a "hold" rating in a research note on Friday, August 9th. Finally, 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $22.90.

MeridianLink 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.