MeridianLink Inc’s recently made public that its 10% Owner THOMA BRAVO UGP, LLC unloaded Company’s shares for reported $126.3 million on Sep 30 ’24. In the deal valued at $21.05 per share,6,000,000 shares were sold. As a result of this transaction, THOMA BRAVO UGP, LLC now holds 29,582,388 shares worth roughly $608.81 million.
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Then, Maloof Chris bought 67,751 shares, generating $1,593,116 in total proceeds.
Before that, Nguyen Timothy sold 21,958 shares. MeridianLink Inc shares valued at $527,082 were divested by the 10% Owner at a price of $24.00 per share. As a result of the transaction, Nguyen Timothy now holds 11,030,488 shares, worth roughly $227.01 million.
Wolfe Research upgraded its MeridianLink Inc [MLNK] rating to a Peer perform from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in mid October with a ‘”a Sell”‘ rating. BTIG Research revised its rating on August 02, 2023. It rated MLNK as “a Neutral” which previously was an “a Buy”.
Price Performance Review of MLNK
On Tuesday, MeridianLink Inc [NYSE:MLNK] saw its stock jump 1.23% to $20.58. Over the last five days, the stock has gained 1.73%. MeridianLink Inc shares have fallen nearly -16.92% since the year began. Nevertheless, the stocks have risen 18.69% over the past one year. While a 52-week high of $25.88 was reached on 09/18/24, a 52-week low of $14.89 was recorded on 05/13/24. SMA at 50 days reached $22.38, while 200 days put it at $20.67.
Levels Of Support And Resistance For MLNK Stock
The 24-hour chart illustrates a support level at 20.18, which if violated will result in even more drops to 19.79. On the upside, there is a resistance level at 20.88. A further resistance level may holdings at 21.19. The Relative Strength Index (RSI) on the 14-day chart is 37.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.74%. Stochastics %K at 14.45% indicates the stock is a buying.
How much short interest is there in MeridianLink Inc?
A steep rise in short interest was recorded in MeridianLink Inc stocks on 2024-09-13, growing by 0.28 million shares to a total of 1.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 1.26 million shares. There was a rise of 18.16%, which implies that there is a positive sentiment for the stock.
