Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. MeridianLink Inc shares valued at $1,575,680 were sold by Vlok Nicolaas on Dec 18 ’24. At $21.99 per share, Vlok Nicolaas sold 71,644 shares. The insider’s holdings dropped to 1,043,382 shares worth approximately $17.21 million following the completion of this transaction.
Also, Vlok Nicolaas sold 71,598 shares, netting a total of over 1,515,880 in proceeds. Following the sale of shares at $21.17 each, the insider now holds 1,043,382 shares.
Before that, Vlok Nicolaas had sold 1,233 shares from its account. In a trade valued at $26,007, the Chief Executive Officer traded MeridianLink Inc shares for $21.09 each. Upon closing the transaction, the insider’s holdings decreased to 1,233 shares, worth approximately $17.21 million.
As published in a research note from BofA Securities on January 30, 2025, MeridianLink Inc [MLNK] has been rated down from a Buy to an Underperform and the price target has been revised to $18 from $28. Analysts at UBS upgraded the stock from ‘”a Sell”‘ to ‘”a Neutral”‘ outlook in a report released in mid November. As of February 08, 2024, Wolfe Research has increased its “an Underperform” rating to a “Peer perform” for MLNK. Earlier on October 20, 2023, UBS initiated its rating. Their recommendation was “a Sell” for MLNK stock.
Analyzing MLNK Stock Performance
During the last five days, there has been a drop of approximately -0.66%. Over the course of the year, MeridianLink Inc shares have dropped approximately -20.15%. Shares of the company reached a 52-week high of $21.87 on 03/07/25 and a 52-week low of $15.57 on 04/07/25. A 50-day SMA is recorded $18.50, while a 200-day SMA reached $21.06.
Support And Resistance Levels for MeridianLink Inc (MLNK)
According to the 24-hour chart, there is a support level at 16.35, which, if violated, would cause prices to drop to 16.21. In the upper region, resistance lies at 16.68. The next price resistance is at 16.87. RSI (Relative Strength Index) is 34.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.49, which suggests the price will decrease in the coming days. Percent R is at 71.38%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
