Lendingclub (NASDAQ:HAPN) SVP Sells $754,400.00 in Stock

Lendingclub Corp (NASDAQ:HAPN) SVP Fergal Stack sold 40,000 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $18.86, for a total value of $754,400.00. Following the sale, the senior vice president owned 114,977 shares of the company’s stock, valued at approximately $2,168,466.22. This represents a 25.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Fergal Stack also recently made the following trade(s):

• On Wednesday, August 19th, Fergal Stack sold 37,500 shares of Lendingclub stock. The shares were sold at an average price of $18.64, for a total value of $699,000.00.
• On Wednesday, July 1st, Fergal Stack sold 50,000 shares of Lendingclub stock. The stock was sold at an average price of $21.01, for a total value of $1,050,500.00.

Lendingclub Price Performance

Shares of NASDAQ HAPN opened at $18.42 on Friday. Lendingclub Corp has a 1-year low of $13.05 and a 1-year high of $21.67. The firm has a market cap of $2.13 billion, a P/E ratio of 11.10 and a beta of 1.91.

Lendingclub (NASDAQ:HAPN) last announced its earnings results on Monday, July 27th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.08. The business had revenue of $262.86 million during the quarter. Lendingclub had a net margin of 18.67% and a return on equity of 12.92%. Lendingclub has set its FY 2026 guidance at 1.800-1.900 EPS and its Q3 2026 guidance at 0.430-0.480 EPS. As a group, equities analysts forecast that Lendingclub Corp will post 1.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on HAPN shares. Weiss Ratings began coverage on Lendingclub in a report on Thursday, June 25th. They set a “hold (c+)” rating for the company. Citizens Jmp boosted their target price on Lendingclub from $23.00 to $25.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 28th. Finally, BTIG Research reaffirmed a “buy” rating and set a $25.00 target price on shares of Lendingclub in a research report on Tuesday, July 28th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Lendingclub has an average rating of “Moderate Buy” and an average price target 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.