The chief executive officer of LendingTree Inc., Douglas Lebda, sold nearly $2.4 million in common stock in the company this week, according to a filing with the Securities and Exchange Commission.
Lebda sold 8,000 shares at a price range of $297.21 to $303.65, profiting a total value of $2,393,035.
Lebda currently holds 405,418 shares of common stock in the company worth more than $110 million.
Lebda has recently been active in selling stock of the company, as this is at least the 10th sale of shares he has made in 2017. Most recently selling 8,000 shares for a total value of near $2.4 million this Monday, Nov. 27.
Lebda founded the company in 1996 and has served as chief executive officer since 2007.
Lending Tree is a platform that connects customers with various lenders for competing loan options. The company includes options for a number of loan services including personal, business and auto loans.
The company is currently trading at $298.10, down 1.28 percent since opening at $300.75.