Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sells $73,020.00 in Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sanjay Datta sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $48.68, for a total value of $73,020.00. Following the sale, the chief financial officer now directly owns 337,093 shares of the company’s stock, valued at $16,409,687.24. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, October 7th, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $41.29, for a total value 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 stock was 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 value of $52,275.00.
• On Tuesday, September 3rd, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $41.77, for a total value 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.
• On Monday, August 5th, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $20.98, for a total value of $20,980.00.
• On Monday, July 29th, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $26.31, for a total value of $26,310.00.
• On Monday, July 22nd, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $28.15, for a total value of $28,150.00.

Upstart Stock Down 2.1 %

Upstart stock traded down $1.16 during mid-day trading on Tuesday, hitting $52.91. 12,400,281 shares of the company were exchanged, compared to its average volume of 6,700,562. The business has a fifty day moving average of $38.94 and a 200 day moving average of $29.68. Upstart Holdings, Inc. has a 1-year low of $19.84 and a 1-year high of $57.40. The company has a market capitalization of $4.65 billion, a PE ratio of -25.68 and a beta of 2.01.

Upstart (NASDAQ:UPST) last announced its earnings results on Tuesday, August 6th. The company reported ($0.17) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.22. The company had revenue of $127.63 million for the quarter, compared to analysts’ expectations of $124.55 million. Upstart had a negative return on equity of 32.01% and a negative net margin of 38.05%. The business’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.34) earnings per share. Research analysts expect that Upstart Holdings, Inc. will post -2.39 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on UPST shares. JPMorgan Chase & Co. upped their price target on Upstart from $27.00 to $30.00 and gave the stock an “underweight” rating in a report on Tuesday, August 20th. Citigroup upgraded Upstart from a “sell” rating to a “neutral” rating and upped their target price for the company from $15.00 to $33.00 in a research note on Wednesday, August 7th. Mizuho upped their target price on Upstart from $33.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, September 20th. Needham & Company LLC restated a “hold” rating on shares of Upstart in a research note on Thursday, August 8th. Finally, Barclays upped their target price on Upstart from $25.00 to $35.00 and gave the company an “equal weight” rating in a research note on Monday, August 12th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Upstart has an average rating of “Hold” and a consensus price target of $31.50.

Institutional Trading of Upstart

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Upstart by 1.6% during the first quarter. Vanguard Group Inc. now owns 7,128,975 shares of the company’s stock worth $191,698,000 after purchasing an additional 115,057 shares during the last quarter. Liontrust Investment Partners LLP boosted its holdings in Upstart by 26.1% in the second quarter. Liontrust Investment Partners LLP now owns 290,000 shares of the company’s stock valued at $6,841,000 after acquiring an additional 60,000 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Upstart by 15.3% in the second quarter. Bank of New York Mellon Corp now owns 272,430 shares of the company’s stock valued at $6,427,000 after acquiring an additional 36,206 shares during the last quarter. Millennium Management LLC boosted its holdings in Upstart by 1,792.9% in the second quarter. Millennium Management LLC now owns 262,396 shares of the company’s stock valued at $6,190,000 after acquiring an additional 277,896 shares during the last quarter. Finally, Seven Eight Capital LP boosted its holdings in Upstart by 18.1% in the second quarter. Seven Eight Capital LP now owns 223,608 shares of the company’s stock valued at $5,275,000 after acquiring an additional 34,223 shares during the last quarter. 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.