LendingClub Corporation (NYSE:LC) COO Sameer Gulati sold 8,141 shares of the company’s stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $6.02, for a total value of $49,008.82. Following the completion of the sale, the chief operating officer now owns 288,637 shares in the company, valued at approximately $1,737,594.74. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Sameer Gulati also recently made the following trade(s):

  • On Monday, August 28th, Sameer Gulati sold 17,366 shares of LendingClub Corporation stock. The stock was sold at an average price of $6.09, for a total value of $105,758.94.
  • On Wednesday, July 26th, Sameer Gulati sold 8,305 shares of LendingClub Corporation stock. The stock was sold at an average price of $5.08, for a total value of $42,189.40.

Shares of LendingClub Corporation (NYSE LC) opened at 6.09 on Friday. The firm’s market cap is $2.51 billion. LendingClub Corporation has a one year low of $4.64 and a one year high of $6.78. The firm’s 50-day moving average price is $5.94 and its 200-day moving average price is $5.64.

LendingClub Corporation (NYSE:LC) last posted its quarterly earnings data on Monday, August 7th. The credit services provider reported ($0.06) earnings per share for the quarter, hitting the consensus estimate of ($0.06). LendingClub Corporation had a negative net margin of 24.52% and a negative return on equity of 11.97%. The firm had revenue of $139.60 million for the quarter, compared to analysts’ expectations of $134.02 million. During the same period in the previous year, the company posted ($0.09) EPS. The company’s quarterly revenue was up 35.0% compared to the same quarter last year. Equities research analysts expect that LendingClub Corporation will post $0.04 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of LC. First Trust Advisors LP grew its position in LendingClub Corporation by 10.7% during the 1st quarter. First Trust Advisors LP now owns 123,512 shares of the credit services provider’s stock worth $678,000 after purchasing an additional 11,978 shares in the last quarter. Bank of New York Mellon Corp grew its position in LendingClub Corporation by 4.9% during the 1st quarter. Bank of New York Mellon Corp now owns 1,534,776 shares of the credit services provider’s stock worth $8,426,000 after purchasing an additional 71,795 shares in the last quarter. UBS Asset Management Americas Inc. grew its position in LendingClub Corporation by 24.1% during the 1st quarter. UBS Asset Management Americas Inc. now owns 170,708 shares of the credit services provider’s stock worth $937,000 after purchasing an additional 33,116 shares in the last quarter. Karp Capital Management Corp purchased a new position in LendingClub Corporation during the 1st quarter worth approximately $321,000. Finally, Parametric Portfolio Associates LLC grew its position in LendingClub Corporation by 1.7% during the 1st quarter. Parametric Portfolio Associates LLC now owns 180,740 shares of the credit services provider’s stock worth $992,000 after purchasing an additional 2,934 shares in the last quarter. Hedge funds and other institutional investors own 86.95% of the company’s stock.

A number of equities research analysts recently weighed in on LC shares. ValuEngine upgraded LendingClub Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Vetr cut LendingClub Corporation from a “buy” rating to a “hold” rating and set a $6.55 price target on the stock. in a report on Monday, September 4th. CIBC upgraded LendingClub Corporation from a “market perform” rating to an “outperform” rating in a report on Thursday, August 3rd. Zacks Investment Research cut LendingClub Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Finally, BidaskClub cut LendingClub Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 24th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company’s stock. LendingClub Corporation currently has a consensus rating of “Hold” and a consensus target price of $6.78.

About LendingClub Corporation

LendingClub Corporation provides online marketplace to connect borrowers and investors. Consumers and small business owners borrow through Lending Club. Investors use Lending Club to earn risk-adjusted returns from an asset class that has been closed to many investors and only available on a limited basis to large institutional investors.

Insider Buying and Selling by Quarter for LendingClub Corporation (NYSE:LC)

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