Insider Selling: LendingClub (NYSE:LC) General Counsel Sells 5,500 Shares of Stock

LendingClub Corporation (NYSE:LC) General Counsel Jordan Cheng sold 5,500 shares of LendingClub stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $17.46, for a total transaction of $96,030.00. Following the sale, the general counsel directly owned 108,074 shares of the company’s stock, valued at $1,886,972.04. This represents a 4.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 stock was sold at an average price of $17.00, for a total transaction of $93,500.00.

LendingClub Price Performance

LendingClub stock traded up $0.98 during mid-day trading on Thursday, hitting $18.20. The company’s stock had a trading volume of 1,970,900 shares, compared to its average volume of 2,179,683. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 12.21 and a beta of 1.98. The business has a 50 day moving average price of $16.33 and a 200-day moving average price of $17.09. LendingClub Corporation has a 12 month low of $10.41 and a 12 month high of $21.67.

LendingClub (NYSE:LC) last posted its quarterly earnings results on Monday, April 27th. The credit services provider reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.06. The business had revenue of $252.25 million during the quarter, compared to the consensus estimate of $249.10 million. LendingClub had a net margin of 16.99% and a return on equity of 11.92%. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm 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 expect that LendingClub Corporation will post 1.72 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LendingClub

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of LendingClub by 3.5% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 23,482 shares of the credit services provider’s stock worth $357,000 after buying an additional 793 shares in the last quarter. Osaic Holdings Inc. grew its stake in shares of LendingClub by 8.8% in the 2nd quarter. Osaic Holdings Inc. now owns 13,354 shares of the credit services provider’s stock worth $160,000 after buying an additional 1,084 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of LendingClub by 46.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 4,051 shares of the credit services provider’s stock worth $67,000 after buying an additional 1,290 shares in the last quarter. ProShare Advisors LLC lifted its holdings in shares of LendingClub by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 20,704 shares of the credit services provider’s stock worth $392,000 after acquiring an additional 1,335 shares during the last quarter. Finally, SBI Securities Co. Ltd. boosted its stake in shares of LendingClub by 13.8% during the 4th quarter. SBI Securities Co. Ltd. now owns 13,533 shares of the credit services provider’s stock worth $256,000 after purchasing an additional 1,645 shares during the period. 74.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on LC. Zacks Research upgraded shares of LendingClub from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Weiss Ratings restated a “hold (c+)” rating on shares of LendingClub in a research report on Wednesday, May 6th. Wall Street Zen downgraded shares of LendingClub from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. Finally, Stephens reiterated an “overweight” rating and issued a $22.50 price target (up from $21.00) on shares of LendingClub in a research report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $23.07.

LendingClub Company Profile

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.