Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sanjay Datta Sells 1,500 Shares

Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sanjay Datta sold 1,500 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $40.00, for a total transaction of $60,000.00. Following the completion of the transaction, the chief financial officer now owns 341,593 shares in the company, valued at approximately $13,663,720. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Monday, September 16th, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $34.42, for a total transaction 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 stock was 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 transaction of $20,980.00.
• On Monday, July 29th, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $26.31, for a total value of $26,310.00.
• On Monday, July 22nd, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $28.15, for a total value of $28,150.00.
• On Monday, July 15th, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $27.80, for a total value of $27,800.00.
• On Monday, July 8th, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $23.41, for a total value of $23,410.00.
• On Monday, July 1st, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $23.63, for a total value of $23,630.00.

Upstart Stock Performance

Shares of UPST stock opened at $40.85 on Friday. The stock’s fifty day moving average is $35.28 and its two-hundred day moving average is $28.33. The firm has a market capitalization of $3.66 billion, a P/E ratio of -19.83 and a beta of 2.03. Upstart Holdings, Inc. has a fifty-two week low of $19.84 and a fifty-two week high of $49.62.

Upstart (NASDAQ:UPST) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.17) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.22. The company had revenue of $127.63 million for the quarter, compared to analyst estimates of $124.55 million. Upstart had a negative return on equity of 32.01% and a negative net margin of 38.05%. The firm’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.34) EPS. On average, equities analysts forecast that Upstart Holdings, Inc. will post -2.39 earnings per share for the current year.

Institutional Trading of Upstart

Hedge funds and other institutional investors have recently modified their holdings of the stock. Anfield Capital Management LLC acquired a new stake in shares of Upstart in the 2nd quarter worth $33,000. BOCHK Asset Management Ltd acquired a new stake in shares of Upstart in the 4th quarter worth $61,000. Benjamin F. Edwards & Company Inc. increased its stake 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 during the last quarter. GAMMA Investing LLC increased its stake in shares of Upstart by 259.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,204 shares of the company’s stock worth $52,000 after acquiring an additional 1,590 shares during the last quarter. Finally, Comerica Bank increased its stake in shares of Upstart by 144.0% in the 1st quarter. Comerica Bank now owns 2,313 shares of the company’s stock worth $62,000 after acquiring an additional 1,365 shares during the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on UPST shares. BTIG Research assumed coverage on Upstart in a research report on Friday, June 7th. They issued a “sell” rating and a $14.00 price objective on the stock. JPMorgan Chase & Co. increased their target price on Upstart from $27.00 to $30.00 and gave the company an “underweight” rating in a research report on Tuesday, August 20th. Barclays increased their target price on Upstart from $25.00 to $35.00 and gave the company an “equal weight” rating in a research report on Monday, August 12th. Citigroup upgraded Upstart from a “sell” rating to a “neutral” rating and increased their target price for the company from $15.00 to $33.00 in a research report on Wednesday, August 7th. Finally, Piper Sandler increased their target price on Upstart from $28.00 to $31.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Four analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $27.61.

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.