Upstart Holdings, Inc. (NASDAQ:UPST) Insider Scott Darling Sells 84,000 Shares

Upstart Holdings, Inc. (NASDAQ:UPST) insider Scott Darling sold 84,000 shares of the business’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $50.02, for a total value of $4,201,680.00. Following the completion of the sale, the insider now directly owns 152,043 shares of the company’s stock, valued at approximately $7,605,190.86. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, October 11th, Scott Darling sold 20,000 shares of Upstart stock. The shares were sold at an average price of $45.00, for a total value of $900,000.00.
• On Friday, October 4th, Scott Darling sold 1,300 shares of Upstart stock. The shares were sold at an average price of $40.01, for a total value of $52,013.00.
• On Tuesday, October 1st, Scott Darling sold 6,200 shares of Upstart stock. The shares were sold at an average price of $39.67, for a total value of $245,954.00.
• On Friday, September 6th, Scott Darling sold 7,190 shares of Upstart stock. The shares were sold at an average price of $39.15, for a total value of $281,464.77.
• 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 shares were sold at an average price of $45.00, for a total value of $405,000.00.

Upstart Stock Down 4.3 %

NASDAQ:UPST opened at $52.05 on Friday. The business’s 50-day moving average price is $40.29 and its 200 day moving average price is $30.19. The firm has a market cap of $4.66 billion, a P/E ratio of -22.24 and a beta of 2.01. Upstart Holdings, Inc. has a 52-week low of $19.84 and a 52-week high of $57.40.

Upstart (NASDAQ:UPST) last released its earnings results 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. The firm had revenue of $127.63 million for the quarter, compared to analyst estimates of $124.55 million. Upstart had a negative return on equity of 32.01% and a negative net margin of 38.05%. Upstart’s revenue was down 6.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.34) earnings per share. Sell-side analysts expect that Upstart Holdings, Inc. will post -2.39 EPS for the current year.

Hedge Funds Weigh In On Upstart

Hedge funds and other institutional investors have recently modified their holdings of the stock. Anfield Capital Management LLC acquired a new position in shares of Upstart in the 2nd quarter valued at $33,000. Indiana Trust & Investment Management Co acquired a new position in shares of Upstart in the 3rd quarter valued at $43,000. Benjamin F. Edwards & Company Inc. boosted its position in shares of Upstart by 80.6% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,743 shares of the company’s stock valued at $47,000 after purchasing an additional 778 shares during the period. GAMMA Investing LLC boosted its position in shares of Upstart by 259.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,204 shares of the company’s stock valued at $52,000 after purchasing an additional 1,590 shares during the period. Finally, Comerica Bank boosted its position in shares of Upstart by 144.0% in the 1st quarter. Comerica Bank now owns 2,313 shares of the company’s stock valued at $62,000 after purchasing an additional 1,365 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on UPST shares. Wedbush upgraded Upstart from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $10.00 to $45.00 in a research note on Monday. Piper Sandler boosted their price objective on Upstart from $28.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Mizuho boosted their price objective on Upstart from $33.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. Citigroup upgraded Upstart from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $15.00 to $33.00 in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. boosted their price objective on Upstart from $27.00 to $30.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 20th. Three research 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’s stock. Based on data from MarketBeat, Upstart presently has a consensus rating of “Hold” and an average target price of $31.50.

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.