TSX higher on employment data
Annie Armstrong, Chief Risk Officer of LendingClub Corp (NYSE:LC), sold 5,333 shares of common stock on August 28, 2025, at a price of $16.91, for a total transaction value of $90,181. The transaction comes as LendingClub, currently valued at nearly $2 billion, has shown strong momentum with a 30% price return over the past six months. According to InvestingPro analysis, the company maintains a FAIR financial health rating.
Following the transaction, Armstrong directly owns 384,917 shares of LendingClub Corp . The sale was executed under a Rule 10b5-1 trading plan. The transaction was signed off by Bhavit Sheth, attorney-in-fact, and filed with the Securities and Exchange Commission on September 2, 2025. Based on InvestingPro’s Fair Value assessment, LendingClub currently appears fairly valued. Discover 13 additional key insights and a comprehensive Pro Research Report covering LendingClub’s financial health and growth prospects on InvestingPro.
In other recent news, LendingClub has reported strong second-quarter 2025 earnings, with earnings per share reaching $0.33, significantly surpassing the forecasted $0.16. The company’s revenue also rose to $248.4 million, exceeding expectations of $227.5 million. These results have prompted Piper Sandler to raise its price target for LendingClub to $15.50, maintaining an Overweight rating on the stock. Similarly, Keefe, Bruyette & Woods increased their price target to $16.50, citing the company’s accelerating growth and improved return on tangible common equity. LendingClub’s strong performance was marked by higher revenue and lower loan loss provisions, though it faced increased expenses. The positive earnings surprise and growth have contributed to stronger guidance for the company. Both Piper Sandler and Keefe, Bruyette & Woods have expressed continued confidence in LendingClub’s potential. These developments highlight a period of robust performance and optimistic outlooks from analysts.
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