Upstart Holdings, Inc. (NASDAQ:UPST) CTO Paul Gu Sells 4,019 Shares

Upstart Holdings, Inc. (NASDAQ:UPST) CTO Paul Gu sold 4,019 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $75.00, for a total value of $301,425.00. Following the completion of the transaction, the chief technology officer now directly owns 863,065 shares of the company’s stock, valued at $64,729,875. The trade was a 0.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Paul Gu also recently made the following trade(s):

• On Monday, December 2nd, Paul Gu sold 87,600 shares of Upstart stock. The shares were sold at an average price of $69.39, for a total transaction of $6,078,564.00.
• On Monday, November 25th, Paul Gu sold 58,786 shares of Upstart stock. The shares were sold at an average price of $75.93, for a total transaction of $4,463,620.98.
• On Thursday, November 21st, Paul Gu sold 21,214 shares of Upstart stock. The shares were sold at an average price of $75.03, for a total transaction of $1,591,686.42.
• On Friday, November 15th, Paul Gu sold 65,000 shares of Upstart stock. The stock was sold at an average price of $66.58, for a total transaction of $4,327,700.00.
• On Monday, October 14th, Paul Gu sold 20,000 shares of Upstart stock. The shares were sold at an average price of $50.26, for a total value of $1,005,200.00.
• On Friday, October 4th, Paul Gu sold 8,800 shares of Upstart stock. The stock was sold at an average price of $40.10, for a total value of $352,880.00.
• On Tuesday, October 1st, Paul Gu sold 36,200 shares of Upstart stock. The shares were sold at an average price of $39.22, for a total value of $1,419,764.00.

Upstart Stock Performance

Shares of Upstart stock opened at $77.16 on Friday. Upstart Holdings, Inc. has a 1-year low of $20.60 and a 1-year high of $86.07. The stock’s 50 day simple moving average is $58.09 and its 200-day simple moving average is $39.79.

Hedge Funds Weigh In On Upstart

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC purchased a new stake in shares of Upstart in the 3rd quarter valued at approximately $334,000. Tyler Stone Wealth Management lifted its holdings in Upstart by 94.1% in the third quarter. Tyler Stone Wealth Management now owns 55,534 shares of the company’s stock valued at $2,222,000 after acquiring an additional 26,917 shares during the last quarter. Intech Investment Management LLC purchased a new position in Upstart in the third quarter worth approximately $939,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in Upstart by 63.8% during the third 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 during the last quarter. Finally, Fred Alger Management LLC raised its position in Upstart by 153.2% in the third quarter. Fred Alger Management LLC now owns 1,246,839 shares of the company’s stock valued at $49,886,000 after purchasing an additional 754,416 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on UPST. Mizuho boosted their price target on shares of Upstart from $33.00 to $48.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. JPMorgan Chase & Co. downgraded shares of Upstart from a “neutral” rating to an “underweight” rating and upped their price target for the stock from $45.00 to $57.00 in a research report on Monday, December 2nd. Barclays raised their price target on shares of Upstart from $25.00 to $35.00 and gave the company an “equal weight” rating in a research note on Monday, August 12th. Wedbush boosted their price objective on Upstart from $60.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday, December 2nd. Finally, BTIG Research upgraded Upstart from a “sell” rating to a “neutral” rating in a research report on Monday, November 11th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $57.56.

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.