Insider Selling: Upstart Holdings, Inc. (NASDAQ:UPST) CTO Sells 12,007 Shares of Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CTO Paul Gu sold 12,007 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $79.02, for a total transaction of $948,793.14. Following the completion of the transaction, the chief technology officer now owns 1,006,599 shares of the company’s stock, valued at approximately $79,541,452.98. The trade was a 1.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, December 5th, Paul Gu sold 4,019 shares of Upstart stock. The shares were 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 Up 2.8 %

UPST stock opened at $68.78 on Thursday. The firm has a 50 day moving average of $67.68 and a two-hundred day moving average of $58.08. Upstart Holdings, Inc. has a 12 month low of $20.60 and a 12 month high of $96.43. The company has a market capitalization of $6.45 billion, a price-to-earnings ratio of -47.11 and a beta of 2.25.

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Mackenzie Financial Corp acquired a new stake in Upstart in the 4th quarter worth approximately $62,000. Neo Ivy Capital Management bought a new position in shares of Upstart in the fourth quarter valued at approximately $493,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Upstart by 32.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 145,730 shares of the company’s stock worth $8,973,000 after buying an additional 35,315 shares during the last quarter. Virtus Fund Advisers LLC bought a new stake in shares of Upstart during the 4th quarter worth $32,000. Finally, Virtus Investment Advisers Inc. bought a new stake in shares of Upstart during the 4th quarter worth $332,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on UPST shares. Redburn Atlantic raised Upstart from a “neutral” rating to a “buy” rating and raised their target price for the stock from $37.00 to $95.00 in a research report on Tuesday, December 3rd. B. Riley raised Upstart from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $49.00 to $105.00 in a research note on Wednesday, February 12th. The Goldman Sachs Group lifted their target price on Upstart from $13.50 to $15.00 and gave the company a “sell” rating in a research note on Wednesday, February 12th. Morgan Stanley upgraded Upstart from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $12.00 to $70.00 in a report on Friday, February 14th. Finally, Citigroup raised their price target on shares of Upstart from $87.00 to $108.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Two research 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target 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.