Insider Selling: Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sells $80,715.00 in Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sanjay Datta sold 1,500 shares of the firm’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $53.81, for a total value of $80,715.00. Following the sale, the chief financial officer now directly owns 335,593 shares in the company, valued at $18,058,259.33. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Monday, October 14th, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $48.68, for a total value of $73,020.00.
• On Monday, October 7th, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $41.29, for a total value of $61,935.00.
• On Monday, September 23rd, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $40.00, for a total value of $60,000.00.
• On Monday, September 16th, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were 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 shares were sold at an average price of $37.00, for a total value 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 value of $20,980.00.
• On Monday, July 29th, Sanjay Datta sold 1,000 shares of Upstart stock. The shares were sold at an average price of $26.31, for a total value of $26,310.00.

Upstart Stock Performance

Upstart stock opened at $50.58 on Friday. The stock has a 50-day simple moving average of $42.12 and a 200 day simple moving average of $31.27. The stock has a market capitalization of $4.53 billion, a P/E ratio of -21.62 and a beta of 2.01. Upstart Holdings, Inc. has a 52 week low of $19.84 and a 52 week high of $57.40.

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

Hedge Funds Weigh In On Upstart

Several large investors have recently modified their holdings of the stock. Anfield Capital Management LLC acquired a new position in Upstart in the 2nd quarter valued at about $33,000. Blue Trust Inc. grew its position in shares of Upstart by 125.3% in the third quarter. Blue Trust Inc. now owns 989 shares of the company’s stock valued at $40,000 after purchasing an additional 550 shares during the last quarter. Indiana Trust & Investment Management Co bought a new position in shares of Upstart during the third quarter worth approximately $43,000. Benjamin F. Edwards & Company Inc. increased its stake in shares of Upstart by 80.6% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,743 shares of the company’s stock worth $47,000 after purchasing an additional 778 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Upstart by 259.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,204 shares of the company’s stock valued at $52,000 after purchasing an additional 1,590 shares during the period. 63.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Barclays raised their price target on shares of Upstart from $25.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Monday, August 12th. Citigroup raised shares of Upstart from a “sell” rating to a “neutral” rating and raised their target price for the company from $15.00 to $33.00 in a research report on Wednesday, August 7th. Piper Sandler boosted their price target on shares of Upstart from $28.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Wedbush upgraded Upstart from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $10.00 to $45.00 in a report on Monday, October 14th. Finally, Mizuho upped their target price on Upstart from $33.00 to $48.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Upstart presently has an average rating of “Hold” and an average target price of $31.50.

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.