Scott Sanborn Sells 25,000 Shares of Lendingclub (NASDAQ:HAPN) Stock

Lendingclub Corp (NASDAQ:HAPN) CEO Scott Sanborn sold 25,000 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $21.00, for a total value of $525,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,536,063 shares in the company, valued at $32,257,323. This represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Scott Sanborn also recently made the following trade(s):

• On Wednesday, June 24th, Scott Sanborn sold 28,750 shares of Lendingclub stock. The stock was sold at an average price of $19.17, for a total value of $551,137.50.

Lendingclub Price Performance

Lendingclub stock opened at $19.69 on Friday. The stock has a market cap of $2.27 billion, a P/E ratio of 13.22 and a beta of 1.93. Lendingclub Corp has a 52 week low of $12.17 and a 52 week high of $21.67.

Analyst Upgrades and Downgrades

HAPN has been the subject of several research reports. Weiss Ratings started coverage on shares of Lendingclub in a research note 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 note on Tuesday. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.