Upstart Holdings, Inc. (NASDAQ:UPST) CEO Dave Girouard Sells 41,667 Shares

Upstart Holdings, Inc. (NASDAQ:UPST) CEO Dave Girouard sold 41,667 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $65.41, for a total transaction of $2,725,438.47. Following the sale, the chief executive officer now directly owns 61,512 shares of the company’s stock, valued at $4,023,499.92. This trade represents a 40.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, November 8th, Dave Girouard sold 41,667 shares of Upstart stock. The stock was sold at an average price of $65.15, for a total transaction of $2,714,605.05.

Upstart Price Performance

Shares of UPST stock traded up $2.84 during trading hours on Tuesday, reaching $71.11. 4,951,679 shares of the stock were exchanged, compared to its average volume of 6,902,422. Upstart Holdings, Inc. has a 12-month low of $20.60 and a 12-month high of $86.07. The company’s 50-day moving average price is $48.51 and its 200-day moving average price is $35.52.

Institutional Investors Weigh In On Upstart

Large investors have recently added to or reduced their stakes in the stock. Anfield Capital Management LLC purchased a new stake in Upstart in the 2nd quarter valued at about $33,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Upstart in the 3rd quarter valued at about $35,000. BNP Paribas purchased a new stake in Upstart in the 3rd quarter valued at about $37,000. Blue Trust Inc. boosted its position in 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 buying an additional 550 shares during the period. Finally, Hollencrest Capital Management purchased a new stake in shares of Upstart in the 3rd quarter worth approximately $40,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on UPST shares. Needham & Company LLC reiterated a “hold” rating on shares of Upstart in a research note on Thursday, August 8th. Piper Sandler upgraded shares of Upstart from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $31.00 to $85.00 in a research note on Friday, November 8th. Citigroup upgraded shares of Upstart from a “neutral” rating to a “buy” rating and lifted their target price for the company from $56.00 to $87.00 in a research note on Friday, November 8th. Wedbush lifted their target price on shares of Upstart from $45.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, Barclays lifted their price target on shares of Upstart from $25.00 to $35.00 and gave the company an “equal weight” rating in a report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Upstart currently has a consensus rating of “Hold” and a consensus target price of $46.83.

Upstart Company Profile

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.