Scott Sanborn Sells 28,750 Shares of Lendingclub (NASDAQ:HAPN) Stock

Lendingclub Corp (NASDAQ:HAPN) CEO Scott Sanborn sold 28,750 shares of Lendingclub stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $20.56, for a total transaction of $591,100.00. Following the sale, the chief executive officer owned 1,478,563 shares of the company’s stock, valued at approximately $30,399,255.28. This represents a 1.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, July 1st, Scott Sanborn sold 25,000 shares of Lendingclub stock. The stock was sold at an average price of $21.00, for a total transaction of $525,000.00.
• On Wednesday, June 24th, Scott Sanborn sold 28,750 shares of Lendingclub stock. The shares were sold at an average price of $19.17, for a total transaction of $551,137.50.

Lendingclub Stock Performance

Shares of NASDAQ HAPN opened at $19.37 on Friday. Lendingclub Corp has a 52-week low of $13.05 and a 52-week high of $21.67. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of 11.67 and a beta of 1.91.

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

Analyst Ratings Changes

Several analysts have recently issued reports on HAPN shares. Weiss Ratings initiated coverage on shares of Lendingclub in a research report on Thursday, June 25th. They set a “hold (c+)” rating on the stock. BTIG Research reaffirmed a “buy” rating and set a $25.00 target price on shares of Lendingclub in a research note on Tuesday, July 28th. Finally, Citizens Jmp increased their target price on shares of Lendingclub from $23.00 to $25.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 28th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.