Insider buy at Lending Club (LC) Extends the Trend of purchases over Last Quarter

Wednesday, December 13, 2017 10:15 PM ET

Insider buy at Lending Club (LC) Extends the Trend of purchases over Last Quarter

One Lending Club insider — Tian Qiao Chen, 10% Owner — today, bought 21,927,175 shares having a market value of approximately $85,475,119, as disclosed in a form 4 document filed with the SEC. There have been 5 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the purchase of 4,114,700 company shares and the disposition of 25,000 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 26,016,875 shares and have averaged 4,344,479 shares per transaction over this time period.

In relation to the peer group over the last 90 days, insider buy/sell trading at Lending Club is greater than the 21-company peer group average. Consumer Lending peer group saw 42 buy/sell trades during this period for an average of 2.0 transactions per company. The number of shares per buy/sell trade for Lending Club insiders was also higher. Within the peer group there were 4,132,700 shares purchased and 328,644 shares sold with company insiders acquiring 172,912 shares on average.

The data sourced in evaluating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

For more information, contact UpTick at info@uptickdata.com. Copyright 2017 UpTick Data Technologies. All rights reserved.

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