Paul Gu Sells 12,007 Shares of Upstart Holdings, Inc. (NASDAQ:UPST) Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CTO Paul Gu sold 12,007 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $79.02, for a total transaction of $948,793.14. Following the transaction, the chief technology officer now owns 1,006,599 shares in the company, valued at $79,541,452.98. This trade represents a 1.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, December 5th, Paul Gu sold 4,019 shares of Upstart stock. The stock was sold at an average price of $75.00, for a total transaction of $301,425.00.
• On Monday, December 2nd, Paul Gu sold 87,600 shares of Upstart stock. The stock was sold at an average price of $69.39, for a total transaction of $6,078,564.00.

Upstart Stock Performance

NASDAQ:UPST opened at $66.91 on Wednesday. The firm has a 50-day simple moving average of $67.77 and a 200-day simple moving average of $58.01. Upstart Holdings, Inc. has a one year low of $20.60 and a one year high of $96.43. The firm has a market cap of $6.27 billion, a P/E ratio of -45.83 and a beta of 2.25.

Upstart (NASDAQ:UPST) last issued its quarterly earnings data on Tuesday, February 11th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. Upstart had a negative net margin of 20.20% and a negative return on equity of 25.87%. On average, research analysts predict that Upstart Holdings, Inc. will post -0.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Rakuten Securities Inc. purchased a new position in Upstart in the fourth quarter valued at about $31,000. Virtus Fund Advisers LLC bought a new stake in shares of Upstart in the 4th quarter valued at about $32,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Upstart in the 3rd quarter worth approximately $35,000. BNP Paribas bought a new position in shares of Upstart during the 3rd quarter worth approximately $37,000. Finally, Hollencrest Capital Management bought a new position in shares of Upstart during the 3rd quarter worth approximately $40,000. 63.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on UPST. Piper Sandler restated an “overweight” rating and set a $105.00 target price (up previously from $85.00) on shares of Upstart in a research report on Wednesday, February 12th. The Goldman Sachs Group boosted their price objective on Upstart from $13.50 to $15.00 and gave the company a “sell” rating in a report on Wednesday, February 12th. Citigroup increased their target price on Upstart from $87.00 to $108.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Redburn Atlantic raised shares of Upstart from a “neutral” rating to a “buy” rating and boosted their target price for the company from $37.00 to $95.00 in a research note on Tuesday, December 3rd. Finally, Morgan Stanley raised shares of Upstart from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $12.00 to $70.00 in a research note on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $73.38.

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.