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

Lendingclub Corp (NASDAQ:HAPN) CEO Scott Sanborn sold 25,000 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $21.00, for a total value of $525,000.00. Following the sale, the chief executive officer owned 1,536,063 shares in the company, valued at $32,257,323. The trade was a 1.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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 Stock Down 4.1%

NASDAQ:HAPN opened at $19.69 on Friday. The company has a market cap of $2.27 billion, a P/E ratio of 13.21 and a beta of 1.93. Lendingclub Corp has a 12-month low of $12.17 and a 12-month high of $21.67.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on HAPN shares. BTIG Research boosted their target price on shares of 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 shares of Lendingclub in a research note on Thursday, June 25th. They issued a “hold (c+)” rating on the stock. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.