MeridianLink Inc’s recent filing unveils that its 10% Owner THOMA BRAVO UGP, LLC unloaded Company’s shares for reported $13.68 million on Oct 18 ’24. In the deal valued at $21.05 per share,650,000 shares were sold. As a result of this transaction, THOMA BRAVO UGP, LLC now holds 28,932,388 shares worth roughly $668.05 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, THOMA BRAVO UGP, LLC sold 6,000,000 shares, generating $126,300,000 in total proceeds. Upon selling the shares at $21.05, the 10% Owner now owns 29,582,388 shares.
Before that, Maloof Chris bought 67,751 shares. MeridianLink Inc shares valued at $1,593,116 were divested by the Officer at a price of $23.51 per share.
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 Monday, MeridianLink Inc [NYSE:MLNK] saw its stock jump 3.96% to $23.09. Over the last five days, the stock has gained 8.81%. MeridianLink Inc shares have fallen nearly -6.78% since the year began. Nevertheless, the stocks have risen 37.69% 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 $22.08, while 200 days put it at $20.46.
Levels Of Support And Resistance For MLNK Stock
The 24-hour chart illustrates a support level at 22.35, which if violated will result in even more drops to 21.61. On the upside, there is a resistance level at 23.59. A further resistance level may holdings at 24.09. The Relative Strength Index (RSI) on the 14-day chart is 65.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.83, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 9.81%. Stochastics %K at 82.25% indicates the stock is a selling.
How much short interest is there in MeridianLink Inc?
A steep rise in short interest was recorded in MeridianLink Inc stocks on 2024-10-15, dropping by -0.14 million shares to a total of 1.39 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.53 million shares. There was a decline of -10.12%, which implies that there is a negative sentiment for the stock.
