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 dated Wednesday, July 1st. The stock was sold at an average price of $20.85, for a total value of $114,675.00. Following the transaction, the general counsel directly owned 102,574 shares in the company, valued at $2,138,667.90. The trade was a 5.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Lendingclub Stock Down 4.1%

Shares of HAPN stock opened at $19.69 on Friday. The stock has a market capitalization of $2.27 billion, a PE 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 Upgrades and Downgrades

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

Lendingclub Company Profile

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