Upstart Holdings, Inc. (NASDAQ:UPST) CEO Dave Girouard Sells 4,524 Shares

Upstart Holdings, Inc. (NASDAQ:UPST) CEO Dave Girouard sold 4,524 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $79.01, for a total transaction of $357,441.24. Following the transaction, the chief executive officer now directly owns 52,614 shares of the company’s stock, valued at $4,157,032.14. The trade was a 7.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Wednesday, January 15th, Dave Girouard sold 41,667 shares of Upstart stock. The stock was sold at an average price of $62.60, for a total transaction of $2,608,354.20.

Upstart Trading Down 5.1 %

Shares of UPST opened at $66.91 on Wednesday. Upstart Holdings, Inc. has a twelve month low of $20.60 and a twelve month high of $96.43. The firm’s fifty day simple moving average is $67.77 and its 200-day simple moving average is $58.01. The firm has a market capitalization of $6.27 billion, a price-to-earnings ratio of -45.83 and a beta of 2.25.

Upstart (NASDAQ:UPST) last announced its quarterly earnings data on Tuesday, February 11th. The company reported ($0.02) earnings per share for the quarter, beating 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, analysts predict that Upstart Holdings, Inc. will post -0.03 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Upstart

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Rakuten Securities Inc. acquired a new stake in Upstart during the 4th quarter worth $31,000. Virtus Fund Advisers LLC acquired a new stake in Upstart during the 4th quarter worth $32,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Upstart during the 3rd quarter worth $35,000. BNP Paribas acquired a new stake in Upstart during the 3rd quarter worth $37,000. Finally, Hollencrest Capital Management acquired a new stake in Upstart during the 3rd quarter worth $40,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. BTIG Research raised shares of Upstart from a “sell” rating to a “neutral” rating in a research report on Monday, November 11th. Citigroup raised their price target on shares of Upstart from $87.00 to $108.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Wedbush raised their price target on shares of Upstart from $60.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, December 2nd. Bank of America raised their price target on shares of Upstart from $33.00 to $39.00 and gave the company an “underperform” rating in a research report on Wednesday, February 12th. Finally, Barclays raised their price target on shares of Upstart from $80.00 to $93.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $73.38.

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.