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

Lendingclub Corp (NASDAQ:HAPN) General Counsel Jordan Cheng sold 5,500 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $20.85, for a total transaction of $114,675.00. Following the transaction, the general counsel directly owned 102,574 shares in the company, valued at $2,138,667.90. This trade represents a 5.09% decrease in their position. The transaction was disclosed in a 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 Price Performance

Shares of HAPN opened at $19.69 on Friday. The stock has a market capitalization of $2.27 billion, a PE ratio of 13.22 and a beta of 1.93. Lendingclub Corp has a one year low of $12.17 and a one year high of $21.67.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. BTIG Research raised their price objective on Lendingclub from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday. Weiss Ratings assumed coverage on Lendingclub in a research report on Thursday, June 25th. They set a “hold (c+)” rating on the stock. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Lendingclub has an average rating of “Moderate Buy” and an average price target 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.