Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sells $1,269,851.40 in Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sanjay Datta sold 16,070 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $79.02, for a total value of $1,269,851.40. Following the completion of the sale, the chief financial officer now directly owns 295,537 shares of the company’s stock, valued at approximately $23,353,333.74. This represents a 5.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Upstart Stock Performance

Shares of UPST stock opened at $68.78 on Thursday. The firm has a market cap of $6.45 billion, a P/E ratio of -47.11 and a beta of 2.25. The business’s 50 day moving average price is $67.68 and its 200-day moving average price is $58.08. Upstart Holdings, Inc. has a fifty-two week low of $20.60 and a fifty-two week high of $96.43.

Upstart (NASDAQ:UPST) last released its quarterly earnings results on Tuesday, February 11th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate 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, equities analysts predict that Upstart Holdings, Inc. will post -0.03 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on UPST shares. BTIG Research raised shares of Upstart from a “sell” rating to a “neutral” rating in a research note on Monday, November 11th. Barclays boosted their price target on shares of Upstart from $80.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 18th. Morgan Stanley raised Upstart from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $12.00 to $70.00 in a research note on Friday, February 14th. Wedbush boosted their target price on Upstart from $60.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. Finally, B. Riley upgraded Upstart from a “neutral” rating to a “buy” rating and increased their target price for the company from $49.00 to $105.00 in a report on Wednesday, February 12th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $73.38.

Institutional Investors Weigh In On Upstart

A number of large investors have recently modified their holdings of UPST. Two Sigma Advisers LP lifted its holdings in Upstart by 190.2% in the fourth quarter. Two Sigma Advisers LP now owns 1,709,300 shares of the company’s stock worth $105,242,000 after buying an additional 1,120,300 shares during the period. Marshall Wace LLP lifted its stake in shares of Upstart by 300.2% in the 4th quarter. Marshall Wace LLP now owns 1,061,512 shares of the company’s stock valued at $65,357,000 after purchasing an additional 796,252 shares during the period. Fred Alger Management LLC lifted its stake in shares of Upstart by 153.2% in the 3rd quarter. Fred Alger Management LLC now owns 1,246,839 shares of the company’s stock valued at $49,886,000 after purchasing an additional 754,416 shares during the period. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Upstart during the fourth quarter valued at approximately $43,697,000. Finally, Invesco Ltd. grew its stake in Upstart by 886.0% in the fourth quarter. Invesco Ltd. now owns 709,684 shares of the company’s stock worth $43,695,000 after purchasing an additional 637,706 shares during the period. Institutional investors own 63.01% of the company’s stock.

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.