Scott Sanborn Sells 28,750 Shares of Lendingclub (NASDAQ:HAPN) Stock

Key Points

• CEO Scott Sanborn sold 28,750 LendingClub shares at an average price of $20.56, generating $591,100. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan, leaving him with 1,478,563 shares.
• LendingClub reported quarterly EPS of $0.50, beating the $0.42 consensus estimate, on revenue of $262.86 million. The company guided to fiscal 2026 EPS of $1.80–$1.90.
• Analysts remain generally positive, with a consensus “Moderate Buy” rating and an average price target of $25, compared with the stock’s recent price of $19.37.

Lendingclub Corp (NASDAQ:HAPN - Get Free Report) CEO Scott Sanborn sold 28,750 shares of the company's stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $20.56, for a total transaction of $591,100.00. Following the sale, the chief executive officer directly owned 1,478,563 shares in the company, valued at $30,399,255.28. This represents a 1.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 stock was sold at an average price of $21.00, for a total transaction 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 transaction of $551,137.50.

Lendingclub Price Performance

Shares of HAPN traded down $0.34 on Friday, hitting $19.37. The company's stock had a trading volume of 1,137,267 shares, compared to its average volume of 2,162,508. The company 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 fifty-two week low of $13.05 and a fifty-two week high of $21.67.

Lendingclub (NASDAQ:HAPN - Get Free Report) last released its quarterly earnings results on Monday, July 27th. The company reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.08. Lendingclub had a return on equity of 12.92% and a net margin of 18.67%.The firm 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.

Analysts Set New Price Targets

A number of research analysts recently issued reports on HAPN shares. BTIG Research reaffirmed a "buy" rating and issued a $25.00 price target on shares of Lendingclub in a report on Tuesday, July 28th. Citizens Jmp boosted their target price on shares of Lendingclub from $23.00 to $25.00 and gave the stock a "market outperform" rating in a research note on Tuesday, July 28th. Finally, Weiss Ratings assumed coverage on shares of Lendingclub in a research report on Thursday, June 25th. They set a "hold (c+)" rating on the stock. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $25.00.

Lendingclub Company Profile

I couldn't find enough reliable information about LendingClub with the ticker symbol NASDAQ:HAPN to write an accurate company description.

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