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

Posted by Donna Armstrong on Aug 27th, 2026

Lendingclub Corp (NASDAQ:HAPN – Get Free Report) CEO Scott Sanborn sold 28,750 shares of the company’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $18.25, for a total value of $524,687.50. Following the completion of the transaction, the chief executive officer directly owned 1,462,774 shares in the company, valued at $26,695,625.50. This trade represents a 1.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $20.56, for a total value of $591,100.00.
On Wednesday, July 1st, Scott Sanborn sold 25,000 shares of Lendingclub stock. The shares were 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 transaction of $551,137.50.

Lendingclub Stock Performance

Shares of NASDAQ HAPN traded up $0.08 during mid-day trading on Thursday, reaching $18.44. The company had a trading volume of 750,443 shares, compared to its average volume of 2,063,117. The firm has a market cap of $2.13 billion, a PE ratio of 11.11 and a beta of 1.91. Lendingclub Corp has a 52 week low of $13.05 and a 52 week high of $21.67. The stock’s 50-day moving average price is $19.35.

Lendingclub (NASDAQ:HAPN – Get Free Report) last announced its quarterly earnings data on Monday, July 27th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.08. The company had revenue of $262.86 million during the quarter. Lendingclub had a net margin of 18.67% and a return on equity of 12.92%. Lendingclub has set its FY 2026 guidance at 1.800-1.900 EPS and its Q3 2026 guidance at 0.430-0.480 EPS. As a group, sell-side analysts predict that Lendingclub Corp will post 1.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

HAPN has been the topic of several research analyst reports. Citizens Jmp increased their price objective on Lendingclub from $23.00 to $25.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 28th. BTIG Research reaffirmed a “buy” rating and set a $25.00 target price on shares of Lendingclub in a research report on Tuesday, July 28th. Finally, Weiss Ratings began coverage on Lendingclub in a report on Thursday, June 25th. They issued a “hold (c+)” rating for the company. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.00.

Get Our Latest Stock Report on Lendingclub