WCM Investment Management LLC Has $23.28 Million Holdings in MeridianLink, Inc. (NYSE:MLNK)

WCM Investment Management LLC cut its holdings in shares of MeridianLink, Inc. (NYSE:MLNK - Free Report) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,124,498 shares of the company's stock after selling 35,092 shares during the quarter. WCM Investment Management LLC owned approximately 1.49% of MeridianLink worth $23,277,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. State Street Corp raised its position in MeridianLink by 20.7% during the 3rd quarter. State Street Corp now owns 667,201 shares of the company's stock valued at $13,724,000 after purchasing an additional 114,578 shares in the last quarter. Geode Capital Management LLC raised its position in shares of MeridianLink by 12.2% during the 3rd quarter. Geode Capital Management LLC now owns 603,443 shares of the company's stock worth $12,415,000 after purchasing an additional 65,834 shares during the last quarter. Polar Asset Management Partners Inc. acquired a new position in MeridianLink during the third quarter worth about $8,598,000. Maven Securities LTD purchased a new stake in shares of MeridianLink in the third quarter valued at about $5,377,000. Finally, Charles Schwab Investment Management Inc. increased 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 worth $4,486,000 after purchasing an additional 42,302 shares during the last quarter. Institutional investors own 82.65% of the company's stock.

Insider Buying and Selling at MeridianLink

In other MeridianLink news, CEO Nicolaas Vlok sold 71,598 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer now directly owns 1,043,382 shares of the company's stock, valued at $22,088,396.94. This trade represents a 6.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $644,325.00. Following the sale, the insider now owns 10,640,130 shares of the company's stock, valued at approximately $249,298,245.90. The trade was a 0.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 186,488 shares of company stock valued at $4,175,738. 21.30% of the stock is owned by company insiders.

MeridianLink Stock Performance

Shares of MeridianLink stock traded down $0.43 during trading on Wednesday, reaching $19.00. The company's stock had a trading volume of 216,142 shares, compared to its average volume of 223,348. MeridianLink, Inc. has a fifty-two week low of $16.49 and a fifty-two week high of $25.33. The company has a 50-day moving average price of $20.61 and a two-hundred day moving average price of $21.74. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.11. The firm has a market cap of $1.43 billion, a PE ratio of -28.36 and a beta of 1.00.

Analyst Ratings Changes

Several brokerages recently weighed in on MLNK. UBS Group raised shares of MeridianLink from a "sell" rating to a "neutral" rating and upped their target price for the stock from $18.00 to $22.50 in a research note on Monday, November 11th. Bank of America lowered MeridianLink from a "buy" rating to an "underperform" rating and dropped their target price for the company from $28.00 to $18.00 in a report on Thursday, January 30th. Finally, Raymond James upped their price objective on MeridianLink from $26.00 to $28.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $22.08.

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.