Lendingclub (NASDAQ:HAPN) General Counsel Jordan Cheng Sells 5,500 Shares of Stock

Lendingclub Corp (NASDAQ:HAPN) General Counsel Jordan Cheng sold 5,500 shares of Lendingclub stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $20.85, for a total value of $114,675.00. Following the completion of the sale, the general counsel directly owned 102,574 shares in the company, valued at $2,138,667.90. This represents a 5.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Lendingclub Stock Down 4.1%

Shares of NASDAQ HAPN traded down $0.85 during mid-day trading on Thursday, reaching $19.69. The company’s stock had a trading volume of 6,356,845 shares, compared to its average volume of 2,255,168. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 13.21 and a beta of 1.93. Lendingclub Corp has a 1-year low of $12.17 and a 1-year high of $21.67.

Analyst Ratings Changes

Several equities research analysts recently commented on HAPN shares. BTIG Research increased their price target on Lendingclub from $20.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday. Weiss Ratings started coverage on Lendingclub in a report on Thursday, June 25th. They issued a “hold (c+)” rating for the company. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Lendingclub presently has an average rating of “Moderate Buy” and an average target price of $25.00.

About Lendingclub

I couldn’t find enough reliable information about LendingClub with the ticker symbol NASDAQ:HAPN to write an accurate company description.