Key Points
- CEO Scott Sanborn sold 28,750 LendingClub shares for approximately $591,100 at an average price of $20.56 under a pre-arranged Rule 10b5-1 trading plan. He retains 1,478,563 shares, worth roughly $30.4 million.
- LendingClub reported quarterly EPS of $0.50, exceeding analyst expectations of $0.42, on revenue of $262.86 million. The company provided fiscal 2026 EPS guidance of $1.80–$1.90.
- Shares opened at $19.37, down 1.7%, while analysts maintained a consensus “Moderate Buy” rating and a $25 average price target.
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 5th. The stock was sold at an average price of $20.56, for a total value of $591,100.00. Following the completion of the sale, the chief executive officer owned 1,478,563 shares of the company's stock, valued at $30,399,255.28. This represents a 1.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Scott Sanborn also recently made the following trade(s):
- 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 value of $525,000.00.
- On Wednesday, June 24th, Scott Sanborn sold 28,750 shares of Lendingclub stock. The shares were sold at an average price of $19.17, for a total value of $551,137.50.
Lendingclub Stock Down 1.7%
HAPN stock opened at $19.37 on Friday. The stock has a market capitalization of $2.24 billion, a P/E ratio of 11.67 and a beta of 1.91. Lendingclub Corp has a 1-year low of $13.05 and a 1-year high of $21.67.
Lendingclub (NASDAQ:HAPN - Get Free Report) last released its quarterly earnings data on Monday, July 27th. The company reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.08. Lendingclub had a net margin of 18.67% and a return on equity of 12.92%. The company had revenue of $262.86 million during the quarter. Lendingclub has set its FY 2026 guidance at 1.800-1.900 EPS and its Q3 2026 guidance at 0.430-0.480 EPS. On average, sell-side analysts anticipate that Lendingclub Corp will post 1.87 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the stock. Citizens Jmp increased their price objective on shares of Lendingclub from $23.00 to $25.00 and gave the company a "market outperform" rating in a research note on Tuesday, July 28th. BTIG Research reissued a "buy" rating and set a $25.00 price objective on shares of Lendingclub in a report on Tuesday, July 28th. Finally, Weiss Ratings assumed coverage on shares of Lendingclub in a research note on Thursday, June 25th. They issued a "hold (c+)" rating for the company. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $25.00.
View Our Latest Stock Report on Lendingclub
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