Upstart Holdings, Inc. (NASDAQ:UPST) CTO Paul Gu Sells 60,000 Shares

Upstart Holdings, Inc. (NASDAQ:UPSTGet Free Report) CTO Paul Gu sold 60,000 shares of Upstart stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $26.31, for a total transaction of $1,578,600.00. Following the completion of the sale, the chief technology officer now directly owns 893,596 shares of the company’s stock, valued at approximately $23,510,510.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Upstart Price Performance

Shares of UPST stock opened at $26.29 on Thursday. Upstart Holdings, Inc. has a 1 year low of $11.93 and a 1 year high of $72.58. The firm has a fifty day moving average price of $27.87 and a 200-day moving average price of $29.86.

Upstart (NASDAQ:UPSTGet Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The company reported ($0.51) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.56) by $0.05. Upstart had a negative net margin of 46.76% and a negative return on equity of 35.47%. The firm had revenue of $140.31 million during the quarter, compared to the consensus estimate of $135.28 million. Sell-side analysts forecast that Upstart Holdings, Inc. will post -2.19 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. GAMMA Investing LLC purchased a new position in shares of Upstart during the 4th quarter valued at $25,000. IFP Advisors Inc lifted its stake in shares of Upstart by 4,153.3% during the 2nd quarter. IFP Advisors Inc now owns 638 shares of the company’s stock valued at $26,000 after buying an additional 623 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new position in shares of Upstart during the 2nd quarter valued at $26,000. Comerica Bank purchased a new position in shares of Upstart during the 3rd quarter valued at $27,000. Finally, CWM LLC lifted its stake in shares of Upstart by 56.5% during the 3rd quarter. CWM LLC now owns 1,169 shares of the company’s stock valued at $33,000 after buying an additional 422 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on UPST shares. JPMorgan Chase & Co. cut their target price on shares of Upstart from $26.00 to $24.00 and set an “underweight” rating for the company in a research report on Wednesday, February 14th. Mizuho lifted their target price on shares of Upstart from $19.00 to $23.00 and gave the stock an “underperform” rating in a research report on Thursday, January 18th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $28.00 target price on shares of Upstart in a research report on Tuesday, March 19th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $26.44.

View Our Latest Stock Analysis on UPST

Upstart Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Upstart (NASDAQ:UPST)

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