Insider Selling: LendingClub (NYSE:LC) General Counsel Sells $96,030.00 in Stock

LendingClub Corporation (NYSE:LC) General Counsel Jordan Cheng sold 5,500 shares of the firm’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $17.46, for a total transaction of $96,030.00. Following the transaction, the general counsel directly owned 108,074 shares of the company’s stock, valued at $1,886,972.04. The trade was a 4.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jordan Cheng also recently made the following trade(s):

• On Thursday, May 28th, Jordan Cheng sold 5,500 shares of LendingClub stock. The shares were sold at an average price of $17.00, for a total transaction of $93,500.00.

LendingClub Stock Performance

LC opened at $18.05 on Friday. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 12.11 and a beta of 1.98. The company has a fifty day moving average of $16.48 and a 200 day moving average of $17.11. LendingClub Corporation has a fifty-two week low of $10.41 and a fifty-two week high of $21.67.

LendingClub (NYSE:LC) last posted its earnings results on Monday, April 27th. The credit services provider reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.06. The company had revenue of $252.25 million during the quarter, compared to analysts’ expectations of $249.10 million. LendingClub had a net margin of 16.99% and a return on equity of 11.92%. LendingClub’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period last year, the company posted $0.10 earnings per share. LendingClub has set its FY 2026 guidance at 1.650-1.800 EPS and its Q2 2026 guidance at 0.400-0.450 EPS. On average, equities research analysts forecast that LendingClub Corporation will post 1.74 earnings per share for the current year.

Hedge Funds Weigh In On LendingClub

A number of large investors have recently made changes to their positions in LC. AQR Capital Management LLC boosted its stake in shares of LendingClub by 165.1% during the 1st quarter. AQR Capital Management LLC now owns 33,788 shares of the credit services provider’s stock worth $349,000 after purchasing an additional 21,045 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of LendingClub by 1.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 852,005 shares of the credit services provider’s stock worth $8,793,000 after purchasing an additional 12,019 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of LendingClub by 3.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 300,658 shares of the credit services provider’s stock worth $3,103,000 after purchasing an additional 11,407 shares during the period. Cetera Investment Advisers boosted its stake in shares of LendingClub by 105.9% during the 2nd quarter. Cetera Investment Advisers now owns 28,870 shares of the credit services provider’s stock worth $347,000 after purchasing an additional 14,851 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of LendingClub by 10.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 585,163 shares of the credit services provider’s stock worth $7,040,000 after purchasing an additional 57,309 shares during the period. 74.08% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Wall Street Zen cut shares of LendingClub from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. Weiss Ratings reissued a “hold (c+)” rating on shares of LendingClub in a research note on Wednesday, May 6th. Stephens reissued an “overweight” rating and issued a $22.50 price objective (up from $21.00) on shares of LendingClub in a research note on Tuesday, April 28th. Finally, Zacks Research raised shares of LendingClub from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $23.07.

About LendingClub

LendingClub Corporation operates an online lending marketplace that connects borrowers seeking personal and small business credit with individual and institutional investors. The platform leverages technology to streamline the loan application and underwriting process, offering unsecured personal loans, auto refinancing, and small business loans. In addition to lending products, LendingClub provides high-yield savings accounts and certificates of deposit through its banking charter, following its acquisition of Radius Bank in 2021.

Founded in 2006 by Renaud Laplanche, LendingClub pioneered peer-to-peer lending in the United States, helping to democratize access to credit and investment opportunities.