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LendingClub (NASDAQ:NYSE:LC), a $1.49 billion fintech company with strong liquidity metrics, saw CEO Scott Sanborn sell 5,250 shares of common stock on July 17, 2025, at prices ranging from $12.73 to $13.13, with a weighted average price of $12.9802, for a total of $68,146. According to InvestingPro analysis, the stock appears undervalued despite showing strong returns over the past three months.
Following the transaction, Sanborn directly owns 1,283,175 shares of LendingClub.
The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted by Sanborn to diversify his assets. The maximum number of shares that can be sold under the plan represents 4.1% of Sanborn’s equity interest in LendingClub.
Bhavit Sheth, attorney-in-fact, signed the Form 4 on July 18, 2025, on Sanborn’s behalf.
In other recent news, LendingClub Corporation reported its financial results for the first quarter of 2025, showing robust revenue growth but a slight miss on earnings per share (EPS). The company achieved total net revenue of $218 million, surpassing expectations of $213.46 million, though its EPS fell short at $0.10 compared to the anticipated $0.11. In a strategic move, LendingClub has entered into an agreement with Blue Owl Capital to purchase up to $3.4 billion in LendingClub certificates over two years, marking their third investment with LendingClub since 2023. Meanwhile, Citizens JMP initiated coverage on LendingClub with a Market Perform rating, citing concerns over limited growth prospects and increased competition in the personal loan market.
Additionally, LendingClub launched LevelUp Checking, a new digital checking account offering cash back rewards for debit card purchases and personal loan payments. Analyst Vincent Caintic from BTIG revised the price target for LendingClub shares from $20.00 to $14.00, maintaining a Buy rating despite the adjustment due to increased marketing expenditures. The analyst projects significant growth in loan originations and revenue over the next few years, with expectations of a 35% increase in originations in 2025. These developments reflect LendingClub’s ongoing efforts to expand its financial products and optimize its market position amidst a competitive landscape.
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