Insider Selling: Upstart Holdings, Inc. (NASDAQ:UPST) Insider Sells 1,411 Shares of Stock

Upstart Holdings, Inc. (NASDAQ:UPST) insider Natalia Mirgorodskaya sold 1,411 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $77.36, for a total transaction of $109,154.96. Following the completion of the transaction, the insider now owns 18,596 shares of the company’s stock, valued at approximately $1,438,586.56. The trade was a 7.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Natalia Mirgorodskaya also recently made the following trade(s):

• On Wednesday, November 20th, Natalia Mirgorodskaya sold 1,511 shares of Upstart stock. The shares were sold at an average price of $69.85, for a total transaction of $105,543.35.
• On Tuesday, September 3rd, Natalia Mirgorodskaya sold 5,000 shares of Upstart stock. The stock was sold at an average price of $41.03, for a total value of $205,150.00.

Upstart Stock Performance

UPST stock opened at $78.43 on Thursday. The firm has a market cap of $7.16 billion, a PE ratio of -40.64 and a beta of 1.97. The firm has a fifty day moving average price of $53.91 and a 200 day moving average price of $37.90. Upstart Holdings, Inc. has a fifty-two week low of $20.60 and a fifty-two week high of $86.07.

Institutional Trading of Upstart

A number of large investors have recently made changes to their positions in UPST. Tidal Investments LLC lifted its holdings in shares of Upstart by 1,413.7% in the 3rd quarter. Tidal Investments LLC now owns 333,463 shares of the company’s stock valued at $13,342,000 after acquiring an additional 311,434 shares during the last quarter. Synergy Financial Group LTD bought a new stake in shares of Upstart in the 3rd quarter valued at approximately $258,000. Orion Capital Management LLC lifted its stake in shares of Upstart by 5.1% in the 3rd quarter. Orion Capital Management LLC now owns 5,560 shares of the company’s stock valued at $222,000 after purchasing an additional 270 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Upstart by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,816,774 shares of the company’s stock worth $72,702,000 after purchasing an additional 29,482 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new position in Upstart during the third quarter valued at $430,000. 63.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Needham & Company LLC restated a “hold” rating on shares of Upstart in a research report on Thursday, August 8th. Wedbush boosted their price target on Upstart from $45.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. JPMorgan Chase & Co. upgraded Upstart from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $30.00 to $45.00 in a research note on Friday, November 8th. Citigroup upgraded shares of Upstart from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $56.00 to $87.00 in a research report on Friday, November 8th. Finally, BTIG Research raised shares of Upstart from a “sell” rating to a “neutral” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Upstart presently has a consensus rating of “Hold” and a consensus price target 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.