Upstart Holdings, Inc. (NASDAQ:UPST) Chief Legal Officer Scott Darling Sells 7,190 Shares of Stock

Upstart Holdings, Inc. (NASDAQ:UPST) Chief Legal Officer Scott Darling sold 7,190 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $39.15, for a total transaction of $281,464.77. Following the completion of the sale, the insider now owns 176,870 shares of the company’s stock, valued at approximately $6,923,876.83. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Scott Darling also recently made the following trade(s):

• On Monday, August 19th, Scott Darling sold 24,000 shares of Upstart stock. The shares were sold at an average price of $40.00, for a total value of $960,000.00.
• On Thursday, August 29th, Scott Darling sold 9,000 shares of Upstart stock. The stock was sold at an average price of $45.00, for a total value of $405,000.00.

Upstart Price Performance

NASDAQ:UPST opened at $34.40 on Friday. Upstart Holdings, Inc. has a 1 year low of $19.84 and a 1 year high of $49.62. The stock’s fifty day moving average price is $31.76 and its two-hundred day moving average price is $27.06. The company has a market cap of $3.08 billion, a P/E ratio of -16.70 and a beta of 2.03.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on UPST shares. JPMorgan Chase & Co. boosted their price target on shares of Upstart from $27.00 to $30.00 and gave the stock an “underweight” rating in a report on Tuesday, August 20th. Barclays boosted their target price on shares of Upstart from $25.00 to $35.00 and gave the company an “equal weight” rating in a research note on Monday, August 12th. Mizuho upgraded shares of Upstart from an “underperform” rating to an “outperform” rating and raised their price target for the stock from $17.00 to $31.00 in a research note on Wednesday, July 31st. Redburn Atlantic upgraded Upstart from a “sell” rating to a “neutral” rating and upped their price objective for the company from $22.50 to $25.50 in a research note on Tuesday, June 4th. Finally, Piper Sandler raised their target price on Upstart from $28.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $26.75.

Institutional Investors Weigh In On Upstart

Institutional investors and hedge funds have recently modified their holdings of the company. Atria Wealth Solutions Inc. bought a new stake in Upstart during the fourth quarter valued at $299,000. Apollon Wealth Management LLC boosted its position in shares of Upstart by 30.4% during the 4th quarter. Apollon Wealth Management LLC now owns 12,590 shares of the company’s stock valued at $514,000 after acquiring an additional 2,938 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Upstart by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 573,176 shares of the company’s stock worth $23,420,000 after purchasing an additional 17,463 shares in the last quarter. QRG Capital Management Inc. bought a new position in shares of Upstart in the fourth quarter worth approximately $219,000. Finally, Principal Financial Group Inc. raised its stake in Upstart by 12.2% in the fourth quarter. Principal Financial Group Inc. now owns 8,450 shares of the company’s stock valued at $345,000 after purchasing an additional 916 shares in the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

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.