Upstart Holdings, Inc. (NASDAQ:UPST) CEO Sells $305,261.46 in Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CEO Dave Girouard sold 4,374 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $69.79, for a total value of $305,261.46. Following the sale, the chief executive officer now directly owns 57,138 shares of the company’s stock, valued at approximately $3,987,661.02. This trade represents a 7.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Friday, November 15th, Dave Girouard sold 41,667 shares of Upstart stock. The shares were sold at an average price of $65.41, for a total transaction of $2,725,438.47.
• 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 value of $2,714,605.05.

Upstart Trading Up 3.7 %

Shares of UPST opened at $74.06 on Friday. The company has a market cap of $6.76 billion, a P/E ratio of -38.37 and a beta of 1.97. Upstart Holdings, Inc. has a twelve month low of $20.60 and a twelve month high of $86.07. The company’s fifty day simple moving average is $51.40 and its 200-day simple moving average is $36.68.

Institutional Investors Weigh In On Upstart

A number of institutional investors and hedge funds have recently modified their holdings of the business. Los Angeles Capital Management LLC bought a new stake in shares of Upstart during the third quarter valued at approximately $334,000. Tyler Stone Wealth Management lifted its stake in Upstart by 94.1% in the third quarter. Tyler Stone Wealth Management now owns 55,534 shares of the company’s stock worth $2,222,000 after acquiring an additional 26,917 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Upstart by 63.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 725,582 shares of the company’s stock worth $29,031,000 after acquiring an additional 282,481 shares in the last quarter. Magnetar Financial LLC increased its position in Upstart by 1,106.7% during the 1st quarter. Magnetar Financial LLC now owns 97,281 shares of the company’s stock valued at $2,616,000 after purchasing an additional 89,219 shares during the period. Finally, SteelPeak Wealth LLC bought a new stake in shares of Upstart in the 3rd quarter valued at about $828,000. 63.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on UPST shares. Barclays upped their target price on shares of Upstart from $25.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. Mizuho lifted their target price on shares of Upstart from $33.00 to $48.00 and gave the company an “outperform” rating in a report on Friday, September 20th. Needham & Company LLC restated a “hold” rating on shares of Upstart in a research note on Thursday, August 8th. Wedbush lifted their price objective on Upstart from $45.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. upgraded Upstart from an “underweight” rating to a “neutral” rating and raised their price target for the company from $30.00 to $45.00 in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $46.83.

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.