Dave Girouard Sells 41,667 Shares of Upstart Holdings, Inc. (NASDAQ:UPST) Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CEO Dave Girouard sold 41,667 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $62.60, for a total transaction of $2,608,354.20. Following the completion of the transaction, the chief executive officer now directly owns 57,138 shares of the company’s stock, valued at $3,576,838.80. The trade was a 42.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, November 20th, Dave Girouard sold 4,374 shares of Upstart stock. The shares were sold at an average price of $69.79, for a total transaction of $305,261.46.
• On Friday, November 15th, Dave Girouard sold 41,667 shares of Upstart stock. The shares were sold at an average price of $65.41, for a total transaction of $2,725,438.47.
• On Friday, November 8th, Dave Girouard sold 41,667 shares of Upstart stock. The shares were sold at an average price of $65.15, for a total transaction of $2,714,605.05.

Upstart Price Performance

Upstart stock opened at $62.96 on Friday. The company has a market cap of $5.74 billion, a PE ratio of -32.62 and a beta of 2.26. The company has a fifty day moving average price of $69.84 and a two-hundred day moving average price of $49.30. Upstart Holdings, Inc. has a 12 month low of $20.60 and a 12 month high of $88.95.

Analyst Upgrades and Downgrades

UPST has been the subject of a number of research analyst reports. Redburn Atlantic raised shares of Upstart from a “neutral” rating to a “buy” rating and upped their price objective for the company from $37.00 to $95.00 in a research note on Tuesday, December 3rd. BTIG Research raised shares of Upstart from a “sell” rating to a “neutral” rating in a research note on Monday, November 11th. Wedbush increased their target price on shares of Upstart from $60.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, December 2nd. Needham & Company LLC upgraded shares of Upstart from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a report on Friday, December 13th. Finally, Piper Sandler upgraded shares of Upstart from a “neutral” rating to an “overweight” rating and raised their price target for the company from $31.00 to $85.00 in a report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Upstart has a consensus rating of “Hold” and a consensus target price of $61.80.

Hedge Funds Weigh In On Upstart

Hedge funds have recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. acquired a new position in Upstart in the third quarter worth $35,000. BNP Paribas bought a new stake in Upstart in the third quarter valued at $37,000. Blue Trust Inc. lifted its stake in Upstart by 125.3% in the third quarter. Blue Trust Inc. now owns 989 shares of the company’s stock valued at $40,000 after buying an additional 550 shares during the last quarter. Hollencrest Capital Management bought a new stake in Upstart in the third quarter valued at $40,000. Finally, Indiana Trust & Investment Management Co bought a new stake in Upstart in the third quarter valued at $43,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

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.