Sanjay Datta Sells 16,070 Shares of Upstart Holdings, Inc. (NASDAQ:UPST) Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sanjay Datta sold 16,070 shares of Upstart stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $79.02, for a total value of $1,269,851.40. Following the completion of the sale, the chief financial officer now directly owns 295,537 shares in the company, valued at $23,353,333.74. This represents a 5.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Upstart Stock Down 1.8 %

NASDAQ:UPST opened at $70.50 on Tuesday. The company has a market cap of $6.61 billion, a price-to-earnings ratio of -48.29 and a beta of 2.25. Upstart Holdings, Inc. has a 52 week low of $20.60 and a 52 week high of $96.43. The company has a fifty day simple moving average of $68.09 and a two-hundred day simple moving average of $57.79.

Upstart (NASDAQ:UPST) last issued its earnings results on Tuesday, February 11th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate 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 expect that Upstart Holdings, Inc. will post -0.03 EPS for the current year.

Hedge Funds Weigh In On Upstart

A number of institutional investors and hedge funds have recently modified their holdings of UPST. Jones Financial Companies Lllp lifted its holdings in Upstart by 3.1% during the 4th quarter. Jones Financial Companies Lllp now owns 5,511 shares of the company’s stock worth $339,000 after buying an additional 167 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Upstart by 24.2% during the 4th quarter. Farther Finance Advisors LLC now owns 882 shares of the company’s stock worth $54,000 after acquiring an additional 172 shares in the last quarter. Bailard Inc. lifted its stake in Upstart by 0.5% during the fourth quarter. Bailard Inc. now owns 38,759 shares of the company’s stock worth $2,386,000 after purchasing an additional 212 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Upstart by 19.9% in the fourth quarter. GAMMA Investing LLC now owns 1,348 shares of the company’s stock valued at $83,000 after purchasing an additional 224 shares in the last quarter. Finally, Orion Capital Management LLC increased its stake in Upstart by 5.1% in the third 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. Institutional investors and hedge funds own 63.01% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on UPST. B. Riley raised shares of Upstart from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $49.00 to $105.00 in a research note on Wednesday, February 12th. Morgan Stanley raised shares of Upstart from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $12.00 to $70.00 in a research note on Friday, February 14th. JPMorgan Chase & Co. upgraded Upstart from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $57.00 to $79.00 in a research report on Wednesday, February 12th. BTIG Research raised shares of Upstart from a “sell” rating to a “neutral” rating in a research note on Monday, November 11th. Finally, Redburn Atlantic upgraded Upstart from a “neutral” rating to a “buy” rating and lifted their target price for the company from $37.00 to $95.00 in a research report on Tuesday, December 3rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target 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.