Lendingclub CEO Sanborn sells $499k in shares

LendingClub (NYSE:LC) CEO Sanborn Scott sold 30,000 shares of common stock on September 2, 2025, for approximately $499,454. The shares were sold at a weighted average price of $16.6485, with individual sales prices ranging from $16.44 to $16.81. The transaction occurred near the stock’s 52-week high of $18.75, following a strong 42% rally over the past six months. InvestingPro analysis shows the company’s current market capitalization at $1.91 billion.

Following the transaction, Sanborn Scott directly owns 1,270,070 shares of LendingClub. The sale was executed under a pre-arranged Rule 10b5-1 trading plan to diversify assets. InvestingPro data indicates the company maintains a "FAIR" overall financial health score, with particularly strong price momentum metrics. For deeper insights into LendingClub’s valuation and growth prospects, access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.

In other recent news, LendingClub reported strong second-quarter 2025 earnings, with earnings per share (EPS) at $0.33, significantly surpassing the forecasted $0.16. The company also saw a revenue increase to $248.4 million, exceeding expectations of $227.5 million. Piper Sandler responded to these results by raising its price target for LendingClub to $15.50 from $13.00, maintaining an Overweight rating on the stock. Keefe, Bruyette & Woods also increased their price target to $16.50 from $14.00, citing accelerating growth and a higher return on tangible common equity. Both firms noted the company’s strong performance and positive guidance. LendingClub’s earnings surprise and revenue growth were partially offset by increased expenses, though the overall outlook remains positive. These developments reflect the company’s ability to exceed market expectations and drive growth.

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