Sanjay Datta Sells 1,500 Shares of Upstart Holdings, Inc. (NASDAQ:UPST) Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sanjay Datta sold 1,500 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $79.54, for a total transaction of $119,310.00. Following the completion of the transaction, the chief financial officer now owns 331,093 shares in the company, valued at approximately $26,335,137.22. This trade represents a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Sanjay Datta also recently made the following trade(s):

• On Monday, October 28th, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $51.70, for a total value of $77,550.00.
• On Monday, October 21st, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $53.81, for a total value of $80,715.00.
• On Monday, October 14th, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $48.68, for a total transaction of $73,020.00.
• On Monday, October 7th, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $41.29, for a total transaction of $61,935.00.
• On Monday, September 23rd, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $40.00, for a total value of $60,000.00.
• On Monday, September 16th, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $34.42, for a total value of $51,630.00.
• On Monday, September 9th, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $34.85, for a total transaction of $52,275.00.
• On Tuesday, September 3rd, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $41.77, for a total transaction of $62,655.00.
• On Monday, August 19th, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $37.00, for a total value of $55,500.00.

Upstart Trading Down 0.6 %

Shares of NASDAQ UPST opened at $67.39 on Friday. Upstart Holdings, Inc. has a 12 month low of $20.60 and a 12 month high of $86.07. The stock has a 50 day moving average of $47.17 and a 200-day moving average of $34.72. The company has a market capitalization of $6.15 billion, a P/E ratio of -34.91 and a beta of 1.97.

Institutional Investors Weigh In On Upstart

A number of institutional investors have recently modified their holdings of UPST. Anfield Capital Management LLC acquired a new stake in Upstart during the second quarter worth approximately $33,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Upstart in the 3rd quarter valued at approximately $35,000. BNP Paribas bought a new stake in shares of Upstart during the 3rd quarter worth approximately $37,000. Blue Trust Inc. boosted its position in shares of Upstart by 125.3% during the 3rd quarter. Blue Trust Inc. now owns 989 shares of the company’s stock worth $40,000 after acquiring an additional 550 shares in the last quarter. Finally, Hollencrest Capital Management bought a new position in Upstart in the third quarter valued at approximately $40,000. Institutional investors own 63.01% of the company’s stock.

Wall Street Analysts Forecast Growth

UPST has been the topic of several research analyst reports. Barclays raised their target price on shares of Upstart from $25.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, August 12th. Wedbush increased their target price on Upstart from $45.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Mizuho boosted their price target on Upstart from $33.00 to $48.00 and gave the company an “outperform” rating in a report on Friday, September 20th. Piper Sandler upgraded Upstart from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $31.00 to $85.00 in a research note on Friday, November 8th. Finally, Citigroup upgraded shares of Upstart from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $56.00 to $87.00 in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $46.83.

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.