MeridianLink, Inc. (NYSE:MLNK) Stock Position Reduced by Thoma Bravo L.P.

Thoma Bravo L.P. trimmed its holdings in shares of MeridianLink, Inc. (NYSE:MLNK - Free Report) by 16.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,582,388 shares of the company's stock after selling 6,000,000 shares during the period. MeridianLink comprises approximately 7.7% of Thoma Bravo L.P.'s portfolio, making the stock its 5th largest position. Thoma Bravo L.P. owned about 39.17% of MeridianLink worth $608,510,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. nVerses Capital LLC purchased a new stake in shares of MeridianLink during the second quarter worth about $41,000. SG Americas Securities LLC purchased a new stake in shares of MeridianLink during the third quarter worth about $231,000. Russell Investments Group Ltd. boosted its holdings in shares of MeridianLink by 26.4% during the first quarter. Russell Investments Group Ltd. now owns 15,430 shares of the company's stock worth $289,000 after purchasing an additional 3,226 shares during the period. Squarepoint Ops LLC purchased a new stake in shares of MeridianLink during the second quarter worth about $336,000. Finally, The Manufacturers Life Insurance Company boosted 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 worth $346,000 after purchasing an additional 1,490 shares during the period. 82.65% of the stock is currently owned by hedge funds and other institutional investors.

MeridianLink Stock Performance

NYSE:MLNK traded up $0.03 during trading hours on Tuesday, reaching $23.03. The company had a trading volume of 77,525 shares, compared to its average volume of 275,112. 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, Inc. has a 52 week low of $16.49 and a 52 week high of $25.88. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of -34.33 and a beta of 0.98. The firm's 50 day moving average price is $22.10 and its 200-day moving average price is $21.60.

Insider Activity

In related news, major shareholder Timothy Nguyen sold 100,000 shares of MeridianLink stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $23.50, for a total transaction of $2,350,000.00. Following the transaction, the insider now owns 10,928,412 shares in the company, valued at approximately $256,817,682. The trade was a 0.91 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Thoma Bravo Ugp, Llc sold 650,000 shares of MeridianLink stock in a transaction on Friday, October 18th. The shares were sold at an average price of $21.05, for a total transaction of $13,682,500.00. Following the transaction, the insider now owns 28,932,388 shares in the company, 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 a total of 6,750,000 shares of company stock valued at $142,332,500 in the last 90 days. Company insiders own 21.30% of the company's stock.

Analyst Ratings Changes

MLNK has been the subject of several research analyst reports. Stifel Nicolaus raised their price objective on shares of MeridianLink from $18.00 to $22.00 and gave the stock a "hold" rating in a report on Friday, August 9th. Barclays lifted their target price on shares of MeridianLink from $18.00 to $20.00 and gave the company an "underweight" rating in a report on Friday, August 9th. Raymond James lifted their target price on shares of MeridianLink from $26.00 to $28.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Finally, UBS Group upgraded shares of MeridianLink from a "sell" rating to a "neutral" rating and lifted their target price for the company from $18.00 to $22.50 in a report 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 company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $22.90.

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.