Lendingclub Corp (LC) Files Form 4 Insider Selling : Sameer Gulati Sells 8,072 Shares

Lendingclub Corp (LC): Sameer Gulati , Chief Operations Officer of Lendingclub Corp sold 8,072 shares on Jun 27, 2016. The Insider selling transaction was reported by the company on Jun 29, 2016 to the Securities and Exchange Commission. The shares were sold at $4.29 per share for a total value of $34,654.71 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 19, 2016, Simon Williams (director) purchased 64,000 shares at $8.28 per share price.On Jan 15, 2016, John Macilwaine (Chief Technology Officer) sold 25,000 shares at $9.11 per share price.Also, On Jan 8, 2016, Scott Sanborn (Chief Mrktg & Optg Officer) sold 70,000 shares at $10.30 per share price.On Dec 22, 2015, Chaomei Chen (Chief Risk Officer) sold 75,000 shares at $11.59 per share price.

Shares of LendingClub Corp (LC) ended Monday, Jun 27, 2016 session in red amid volatile trading. The shares closed down -0.39 points or -8.32% at $4.3 with 1,22,53,982 shares getting traded. Post opening the session at $4.59, the shares hit an intraday low of $4.26 and an intraday high of $4.6 and the price vacillated in this range throughout the day. The company has a market cap of $1,641 M and the number of outstanding shares has been calculated to be 38,16,21,030 shares. The 52-week high of LendingClub Corp is $15.14 and the 52-week low is $3.44.

LendingClub Corp Money Flow Index Chart

Company has been under the radar of several Street Analysts.LendingClub Corp is Upgraded by Keefe Bruyette to Mkt Perform. Earlier the firm had a rating of Underperform on the company shares. The Rating was issued on Jun 8, 2016.LendingClub Corp is Downgraded by FBR Capital to Mkt Perform while Lowering the Price Target of the company shares to $ 4 from a previous price target of $7 . Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Jun 8, 2016.LendingClub Corp is Resumed by Morgan Stanley to Equal-Weight. The Rating was issued on May 31, 2016.LendingClub Corp is Initiated by Macquarie to Neutral and the brokerage firm has set the Price Target at $5.15. The Rating was issued on May 26, 2016.LendingClub Corp is Reiterated by Compass Point to Sell while Lowering the Price Target of the company shares to $ 3 from a previous price target of $4 . The Rating was issued on May 17, 2016.

LendingClub Corporation (Lending Club) is engaged in providing online marketplace for connecting borrowers and investors. The Company’s online marketplace connects borrowers. Lending Club’s marketplace allows borrowers and investors to engage in transactions relating to standard or custom program loans. The Company’s standard program loans are a part of the standard loan program. The standard program loans are three- or five-year unsecured personal loans which are offered to borrowers. These loans can be invested in through the purchase of notes issued pursuant to a Note Registration Statement and are available through the Company’s Website. The custom program loans include small business loans super prime consumer loans education and patient finance loans and personal loans. The Company’s technology platform supports its marketplace and makes available loan products to investor channels.

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