Insider Selling: Upstart Holdings, Inc. (NASDAQ:UPST) CEO Sells 4,524 Shares of Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CEO Dave Girouard sold 4,524 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $79.01, for a total value of $357,441.24. Following the completion of the sale, the chief executive officer now owns 52,614 shares in the company, valued at $4,157,032.14. The trade was a 7.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Dave Girouard also recently made the following trade(s):

• On Wednesday, January 15th, Dave Girouard sold 41,667 shares of Upstart stock. The stock was sold at an average price of $62.60, for a total transaction of $2,608,354.20.

Upstart Price Performance

UPST traded down $1.27 during trading on Monday, reaching $70.50. 6,208,159 shares of the stock traded hands, compared to its average volume of 6,277,000. Upstart Holdings, Inc. has a fifty-two week low of $20.60 and a fifty-two week high of $96.43. The stock’s 50-day simple moving average is $68.36 and its two-hundred day simple moving average is $57.54. The stock has a market cap of $6.61 billion, a price-to-earnings ratio of -48.29 and a beta of 2.25.

Upstart (NASDAQ:UPST) last issued its quarterly earnings data on Tuesday, February 11th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. Upstart had a negative return on equity of 25.87% and a negative net margin of 20.20%. Research analysts anticipate that Upstart Holdings, Inc. will post -0.03 earnings per share for the current fiscal year.

Institutional Trading of Upstart

Large investors have recently modified their holdings of the company. Blue Trust Inc. raised its holdings in Upstart by 125.3% in the 3rd quarter. Blue Trust Inc. now owns 989 shares of the company’s stock worth $40,000 after acquiring an additional 550 shares during the period. Sequoia Financial Advisors LLC bought a new position in shares of Upstart in the third quarter worth about $235,000. International Assets Investment Management LLC lifted its position in shares of Upstart by 4,087.8% during the 3rd quarter. International Assets Investment Management LLC now owns 233,258 shares of the company’s stock worth $9,333,000 after purchasing an additional 227,688 shares during the last quarter. Bristlecone Advisors LLC bought a new stake in Upstart during the 3rd quarter valued at approximately $258,000. Finally, TCI Wealth Advisors Inc. increased its position in Upstart by 6.5% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 44,756 shares of the company’s stock worth $1,791,000 after buying an additional 2,732 shares during the period. 63.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Morgan Stanley upgraded Upstart from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $12.00 to $70.00 in a research report on Friday, February 14th. Piper Sandler reiterated an “overweight” rating and issued a $105.00 price target (up from $85.00) on shares of Upstart in a research report on Wednesday, February 12th. BTIG Research upgraded shares of Upstart from a “sell” rating to a “neutral” rating in a research report on Monday, November 11th. Wedbush boosted their target price on shares of Upstart from $60.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. Finally, B. Riley upgraded shares of Upstart from a “neutral” rating to a “buy” rating and raised their target price for the stock from $49.00 to $105.00 in a report on Wednesday, February 12th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $73.38.

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.