Insider Selling: Lendingclub (NASDAQ:HAPN) General Counsel Sells 2,800 Shares of Stock

Posted by Caroline Horne on Sep 4th, 2026

Lendingclub Corp (NASDAQ:HAPN – Get Free Report) General Counsel Jordan Cheng sold 2,800 shares of the firm’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $17.56, for a total value of $49,168.00. Following the completion of the sale, the general counsel owned 106,413 shares in the company, valued at approximately $1,868,612.28. This represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a 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.

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

On Wednesday, July 1st, Jordan Cheng sold 5,500 shares of Lendingclub stock. The stock was sold at an average price of $20.85, for a total value of $114,675.00.

Lendingclub Trading Up 1.0%

Shares of HAPN traded up $0.17 during mid-day trading on Friday, reaching $17.75. The company’s stock had a trading volume of 809,614 shares, compared to its average volume of 2,025,485. Lendingclub Corp has a 12-month low of $13.05 and a 12-month high of $21.67. The firm has a market capitalization of $2.05 billion, a PE ratio of 10.69 and a beta of 1.86. The firm’s 50 day moving average price is $19.13.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on HAPN shares. Weiss Ratings started coverage on shares of Lendingclub in a research note on Thursday, June 25th. They set a “hold (c+)” rating on the stock. Citizens Jmp raised their price objective on Lendingclub from $23.00 to $25.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 28th. Finally, BTIG Research reiterated a “buy” rating and set a $25.00 target price on shares of Lendingclub in a research report on Tuesday, July 28th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $25.00.

View Our Latest Analysis on HAPN