Natalia Mirgorodskaya Sells 1,511 Shares of Upstart Holdings, Inc. (NASDAQ:UPST) Stock

Upstart Holdings, Inc. (NASDAQ:UPST) insider Natalia Mirgorodskaya sold 1,511 shares of Upstart stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $69.85, for a total transaction of $105,543.35. Following the sale, the insider now owns 20,007 shares in the company, valued at $1,397,488.95. This represents a 7.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Natalia Mirgorodskaya also recently made the following trade(s):

• On Tuesday, September 3rd, Natalia Mirgorodskaya sold 5,000 shares of Upstart stock. The shares were sold at an average price of $41.03, for a total transaction of $205,150.00.

Upstart Price Performance

UPST stock opened at $74.06 on Friday. Upstart Holdings, Inc. has a 1-year low of $20.60 and a 1-year high of $86.07. The firm has a fifty day moving average price of $51.40 and a two-hundred day moving average price of $36.77. The firm has a market cap of $6.76 billion, a price-to-earnings ratio of -38.37 and a beta of 1.97.

Institutional Trading of Upstart

Several institutional investors have recently added to or reduced their stakes in the business. Anfield Capital Management LLC acquired a new position in shares of Upstart during the second quarter valued at $33,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Upstart during the third quarter valued at $35,000. BNP Paribas acquired a new position in shares of Upstart during the third quarter valued at $37,000. Blue Trust Inc. boosted its holdings in shares of Upstart by 125.3% during the third quarter. Blue Trust Inc. now owns 989 shares of the company’s stock valued at $40,000 after acquiring an additional 550 shares during the period. Finally, Hollencrest Capital Management acquired a new position in shares of Upstart during the third quarter valued at $40,000. Institutional investors own 63.01% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on UPST. Wedbush lifted their price objective on shares of Upstart from $45.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Barclays lifted 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. Piper Sandler upgraded shares of Upstart from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $31.00 to $85.00 in a research note on Friday, November 8th. Needham & Company LLC restated a “hold” rating on shares of Upstart in a research note on Thursday, August 8th. Finally, Mizuho lifted their price target on shares of Upstart from $33.00 to $48.00 and gave the stock an “outperform” rating in a research note on Friday, September 20th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $46.83.

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.