Insider Selling: Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sells 1,500 Shares of Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sanjay Datta sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $53.81, for a total transaction of $80,715.00. Following the transaction, the chief financial officer now directly owns 335,593 shares in the company, valued at $18,058,259.33. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Sanjay Datta also recently made the following trade(s):

• On Monday, October 14th, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $48.68, for a total value of $73,020.00.
• On Monday, October 7th, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $41.29, for a total value of $61,935.00.
• On Monday, September 23rd, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $40.00, for a total value of $60,000.00.
• On Monday, September 16th, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $34.42, for a total value of $51,630.00.
• On Monday, September 9th, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $34.85, for a total transaction of $52,275.00.
• On Tuesday, September 3rd, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $41.77, for a total transaction of $62,655.00.
• On Monday, August 19th, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $37.00, for a total transaction of $55,500.00.
• On Monday, August 5th, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $20.98, for a total value of $20,980.00.
• On Monday, July 29th, Sanjay Datta sold 1,000 shares of Upstart stock. The shares were sold at an average price of $26.31, for a total value of $26,310.00.

Upstart Stock Down 1.0 %

NASDAQ UPST opened at $50.58 on Friday. The company has a market capitalization of $4.53 billion, a price-to-earnings ratio of -21.62 and a beta of 2.01. Upstart Holdings, Inc. has a twelve month low of $19.84 and a twelve month high of $57.40. The stock has a fifty day simple moving average of $42.12 and a 200 day simple moving average of $31.27.

Upstart (NASDAQ:UPST) last issued its quarterly earnings results on Tuesday, August 6th. The company reported ($0.17) earnings per share for the quarter, beating the consensus estimate of ($0.39) by $0.22. The company had revenue of $127.63 million during the quarter, compared to analysts’ expectations of $124.55 million. Upstart had a negative return on equity of 32.01% and a negative net margin of 38.05%. The business’s quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.34) earnings per share. Research analysts expect that Upstart Holdings, Inc. will post -2.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in shares of Upstart by 125.3% in the 3rd quarter. Blue Trust Inc. now owns 989 shares of the company’s stock valued at $40,000 after purchasing an additional 550 shares during the last quarter. Indiana Trust & Investment Management Co bought a new stake in Upstart during the third quarter valued at $43,000. Anfield Capital Management LLC acquired a new stake in Upstart during the 2nd quarter worth about $33,000. Benjamin F. Edwards & Company Inc. raised its position in shares of Upstart by 80.6% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,743 shares of the company’s stock worth $47,000 after acquiring an additional 778 shares in the last quarter. Finally, Castleview Partners LLC lifted its stake in shares of Upstart by 21,610.0% in the 3rd quarter. Castleview Partners LLC now owns 2,171 shares of the company’s stock valued at $87,000 after purchasing an additional 2,161 shares during the period. Institutional investors own 63.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Mizuho lifted their target price on Upstart from $33.00 to $48.00 and gave the company an “outperform” rating in a research report on Friday, September 20th. Piper Sandler lifted their price target on shares of Upstart from $28.00 to $31.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. increased their price objective on shares of Upstart from $27.00 to $30.00 and gave the company an “underweight” rating in a research note on Tuesday, August 20th. Barclays boosted their target price on shares of Upstart from $25.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Monday, August 12th. Finally, Citigroup upgraded Upstart from a “sell” rating to a “neutral” rating and increased their price target for the company from $15.00 to $33.00 in a research note on Wednesday, August 7th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Upstart currently has a consensus rating of “Hold” and an average price target of $31.50.

About Upstart

Upstart Holdings, Inc, together with its subsidiaries, operates a cloud-based artificial intelligence (AI) lending platform in the United States. Its platform includes personal loans, automotive retail and refinance loans, home equity lines of credit, and small dollar loans that connects consumer demand for loans to its to bank and credit unions.