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LendingClub (NYSE:LC) CEO Scott Sanborn sold 30,000 shares of common stock on September 15, 2025, for approximately $511,149. The shares were sold at prices ranging from $17.00 to $17.13, near the stock’s 52-week high of $18.75. The transaction comes amid LendingClub’s impressive 59% surge over the past six months, with the company now valued at approximately $2 billion.
Following the transaction, Sanborn directly owns 1,240,070 shares of LendingClub. The sale was executed under a pre-arranged Rule 10b5-1 trading plan to diversify assets. According to InvestingPro analysis, LendingClub is currently fairly valued, with 14+ additional exclusive insights available to subscribers, including detailed insider trading patterns and comprehensive financial health metrics.
In other recent news, LendingClub has reported strong financial performance for the second quarter of 2025. The company achieved earnings per share (EPS) of $0.33, significantly surpassing the forecasted $0.16, which represents a 106.25% earnings surprise. Revenue for the quarter reached $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, maintaining an Overweight rating. Similarly, Keefe, Bruyette & Woods increased their price target to $16.50, citing accelerating growth and stronger guidance. They also maintained an Outperform rating on the stock. LendingClub’s higher revenue and lower loan loss provisions were noted as positive factors, despite an increase in expenses. The company’s strong earnings report and growth prospects have attracted positive attention from analysts.
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