Insider Selling: Lendingclub (NASDAQ:HAPN) CEO Sells $524,687.50 in Stock

Lendingclub Corp (NASDAQ:HAPN) CEO Scott Sanborn sold 28,750 shares of the firm’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $18.25, for a total transaction of $524,687.50. Following the completion of the transaction, the chief executive officer directly owned 1,462,774 shares of the company’s stock, valued at approximately $26,695,625.50. The trade was a 1.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Wednesday, August 5th, Scott Sanborn sold 28,750 shares of Lendingclub stock. The shares were sold at an average price of $20.56, for a total transaction of $591,100.00.
• 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 stock was sold at an average price of $19.17, for a total value of $551,137.50.

Lendingclub Stock Down 3.0%

NASDAQ:HAPN opened at $17.89 on Friday. Lendingclub Corp has a 52-week low of $13.05 and a 52-week high of $21.67. The company’s fifty day simple moving average is $19.29. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 10.78 and a beta of 1.91.

Lendingclub (NASDAQ:HAPN) last announced its earnings results on Monday, July 27th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates 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 for 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. On average, equities analysts predict that Lendingclub Corp will post 1.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on HAPN shares. BTIG Research reaffirmed a “buy” rating and issued a $25.00 target price on shares of Lendingclub in a research note on Tuesday, July 28th. Citizens Jmp boosted their price target on shares of Lendingclub from $23.00 to $25.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 28th. Finally, Weiss Ratings initiated coverage on shares of Lendingclub in a report on Thursday, June 25th. They issued a “hold (c+)” rating on the stock. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.