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 business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $79.01, for a total value of $357,441.24. Following the transaction, the chief executive officer now owns 52,614 shares in the company, 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 shares were sold at an average price of $62.60, for a total value of $2,608,354.20.

Upstart Stock Down 1.8 %

NASDAQ UPST opened at $70.50 on Tuesday. The stock 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 fifty-two week low of $20.60 and a fifty-two week high of $96.43. The business has a fifty day moving average of $68.09 and a 200-day moving average of $57.79.

Upstart (NASDAQ:UPST) last released its earnings results on Tuesday, February 11th. The company reported ($0.02) earnings per share (EPS) 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%. As a group, analysts anticipate that Upstart Holdings, Inc. will post -0.03 EPS for the current year.

Institutional Trading of Upstart

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Upstart by 5.0% during the fourth quarter. Vanguard Group Inc. now owns 7,793,452 shares of the company’s stock worth $479,843,000 after purchasing an additional 369,640 shares during the last quarter. Two Sigma Investments LP increased its stake in Upstart by 20.1% in the fourth quarter. Two Sigma Investments LP now owns 1,922,770 shares of the company’s stock valued at $118,385,000 after purchasing an additional 321,366 shares during the last quarter. Fred Alger Management LLC lifted its position in Upstart by 53.6% during the fourth quarter. Fred Alger Management LLC now owns 1,915,121 shares of the company’s stock worth $117,914,000 after buying an additional 668,282 shares during the period. Geode Capital Management LLC boosted its stake in Upstart by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 1,846,438 shares of the company’s stock worth $113,711,000 after buying an additional 29,664 shares during the last quarter. Finally, Two Sigma Advisers LP grew its holdings in Upstart by 190.2% in the 4th quarter. Two Sigma Advisers LP now owns 1,709,300 shares of the company’s stock valued at $105,242,000 after buying an additional 1,120,300 shares during the period. 63.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on UPST shares. Redburn Atlantic raised Upstart from a “neutral” rating to a “buy” rating and raised their target price for the company from $37.00 to $95.00 in a report on Tuesday, December 3rd. JPMorgan Chase & Co. upgraded shares of Upstart from an “underweight” rating to a “neutral” rating and increased their price target for the company from $57.00 to $79.00 in a report on Wednesday, February 12th. Needham & Company LLC boosted their price objective on shares of Upstart from $100.00 to $108.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Citigroup increased their target price on shares of Upstart from $87.00 to $108.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Finally, Piper Sandler reissued an “overweight” rating and set a $105.00 price target (up previously from $85.00) on shares of Upstart in a research note on Wednesday, February 12th. 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 stock. According to data from MarketBeat.com, the company has a consensus 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.