LendingClub (LC)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	1.05 bn	1.05 bn	1.05 bn	1.05 bn	1.05 bn	1.05 bn
Cash burn (monthly)	(no burn)	25.00 mm	(no burn)	(no burn)	223.28 mm	271.97 mm
Cash used (since last report)	n/a	100.55 mm	n/a	n/a	898.10 mm	1.09 bn
Cash remaining	n/a	949.72 mm	n/a	n/a	152.18 mm	-43.67 mm
Runway (months of cash)	n/a	38.0	n/a	n/a	0.7	-0.2

Beta Read what these cash burn values mean

Financial data from LendingClub earnings reports.

Institutional ownership, Q3 2024

LC institutional ownership history Ownership history

74.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	212	197	+7.6%
Opened positions	42	41	+2.4%
Closed positions	27	20	+35.0%
Increased positions	82	68	+20.6%
Reduced positions	54	48	+12.5%

13F shares	Current	Prev Q	Change
Total value	939.11 bn	693.01 bn	+35.5%
Total shares	84.21 mm	83.70 mm	+0.6%
Total puts	258.70 k	267.80 k	-3.4%
Total calls	1.25 mm	390.43 k	+221.3%
Total put/call ratio	0.2	0.7	-69.9%

Largest owners	Shares	Value	Change
Vanguard	12.06 mm	$137.80 bn	+0.7%
BlackRock	8.76 mm	$100.11 bn	NEW
Dimensional Fund Advisors	6.39 mm	$73.01 bn	+8.3%
STT State Street	3.90 mm	$44.54 bn	+2.2%
Jackson Square Partners	3.42 mm	$39.13 bn	-32.6%
Geode Capital Management	2.56 mm	$29.26 bn	+1.7%
Millennium Management	2.42 mm	$27.63 bn	+198.3%
Long Focus Capital Management	2.41 mm	$27.54 bn	-29.4%
Citadel Advisors	2.22 mm	$25.34 bn	+24.2%
MS Morgan Stanley	1.83 mm	$20.87 bn	+45.2%

Largest transactions	Shares	Bought/sold	Change
BlackRock	8.76 mm	+8.76 mm	NEW
BLK BlackRock	0.00	-8.45 mm	EXIT
Jackson Square Partners	3.42 mm	-1.66 mm	-32.6%
Millennium Management	2.42 mm	+1.61 mm	+198.3%
rhino investment partners	1.74 mm	-1.39 mm	-44.3%
Jacobs Levy Equity Management	0.00	-1.28 mm	EXIT
Nuveen Asset Management	1.79 mm	+1.09 mm	+156.6%
Driehaus Capital Management	1.09 mm	+1.09 mm	NEW
Long Focus Capital Management	2.41 mm	-1.00 mm	-29.4%
Assenagon Asset Management	1.52 mm	+828.96 k	+120.3%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

LC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
2 Jan 25	Scott Sanborn	Common Stock	Sell	Dispose S	No	Yes	16.1195	17,000	274.03 k	1,312,184
5 Dec 24	Scott Sanborn	Common Stock	Sell	Dispose S	No	Yes	15.8363	17,000	269.22 k	1,329,184
25 Nov 24	Annie Armstrong	Common Stock	Payment of exercise	Dispose F	No	No	16.73	11,231	187.89 k	360,805
25 Nov 24	Annie Armstrong	Common Stock	Option exercise	Acquire M	No	No	0	8,864	0.00	372,036
25 Nov 24	Annie Armstrong	Common Stock	Option exercise	Acquire M	No	No	0	7,749	0.00	363,172
25 Nov 24	Annie Armstrong	Common Stock	Option exercise	Acquire M	No	No	0	4,279	0.00	355,423
25 Nov 24	Annie Armstrong	RSU Common Stock	Option exercise	Dispose M	No	No	0	8,864	0.00	79,782
25 Nov 24	Annie Armstrong	RSU Common Stock	Option exercise	Dispose M	No	No	0	7,749	0.00	38,745
25 Nov 24	Annie Armstrong	RSU Common Stock	Option exercise	Dispose M	No	No	0	4,279	0.00	4,280
25 Nov 24	Scott Sanborn	Common Stock	Payment of exercise	Dispose F	No	No	16.73	8,033	134.39 k	1,346,184