Thursday, December 14, 2017 10:15 PM ET
Lending Club (LC) Insider Makes Significant Share purchase Extending the Buying Trend over Last Quarter
One Lending Club insider — Tian Qiao Chen, 10% Owner — today, purchased 1,646,706 shares having a market value of approximately $6,392,677, 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 26,041,875 company shares and the sale 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 27,663,581 shares and have averaged 4,618,930 shares per transaction over this time period.
The level of buy/sell trading at Lending Club is is greater than the 21 peer company average over the last 90-day period. The Consumer Lending peer group saw 43 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 26,059,875 shares purchased and 328,644 shares sold with company insiders having bought 1,169,601 shares on average.
The data used in composing 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.
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