On Deck Capital, Inc. (ONDK) Files Form 4 Insider Selling : Nicholas A Sinigaglia Sells 1,000 Shares

On Deck Capital, Inc. (ONDK): Nicholas A Sinigaglia , SVP/Principal Accounting Ofcr of On Deck Capital, Inc. sold 1,000 shares on May 2, 2016. The Insider selling transaction was reported by the company on May 4, 2016 to the Securities and Exchange Commission. The shares were sold at $8.54 per share for a total value of $8,544.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Dec 22, 2015, Howard Katzenberg (Chief Financial Officer) sold 25,000 shares at $10.77 per share price.

Shares of On Deck Capital Inc (ONDK) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -0.39 points or -7.09% at $5.11 with 38,03,019 shares getting traded. Post opening the session at $5.56, the shares hit an intraday low of $4.93 and an intraday high of $5.56 and the price vacillated in this range throughout the day. The company has a market cap of $360 M and the number of outstanding shares has been calculated to be 7,04,03,696 shares. The 52-week high of On Deck Capital Inc is $20.39 and the 52-week low is $4.93.

On Deck Capital Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.On Deck Capital Inc is Downgraded by Jefferies to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on May 4, 2016.On Deck Capital Inc is Downgraded by FBR Capital to Mkt Perform while Lowering the Price Target of the company shares to $ 6.50 from a previous price target of $11 . Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on May 3, 2016.On Deck Capital Inc is Reiterated by Compass Point to Neutral while Lowering the Price Target of the company shares to $ 6 from a previous price target of $7.50 . The Rating was issued on May 3, 2016.On Deck Capital Inc is Reiterated by Stifel to Buy while Lowering the Price Target of the company shares to $ 10 from a previous price target of $11 . The Rating was issued on May 3, 2016.On Deck Capital Inc is Downgraded by Needham to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on May 3, 2016.

On Deck Capital Inc. is an online platform for small business lending. The Company aggregates and analyzes data points from disparate data sources to assess the creditworthiness of small businesses. Small businesses apply for a term loan or line of credit on the Company’s Website and using its OnDeck Score the Company makes a funding decision and transfers the funds. The Company offers two products to small businesses to access capital: term loans and lines of credit. The Company’s end-to-end integrated platform includes the Company’s Website which allows small businesses to apply for a loan in minutes around the clock; data and analytics engine analyzes thousands of data attributes from disparate sources to assess the real-time creditworthiness of a small business; the technology which offers seamless funding of loans and daily and weekly collections and ongoing servicing system.

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