Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sells $77,550.00 in Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sanjay Datta sold 1,500 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $51.70, for a total transaction of $77,550.00. Following the transaction, the chief financial officer now directly owns 334,093 shares of the company’s stock, valued at approximately $17,272,608.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, October 21st, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $53.81, for a total transaction of $80,715.00.
• On Monday, October 14th, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $48.68, for a total transaction of $73,020.00.
• 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 transaction 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 transaction 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 transaction 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 transaction of $52,275.00.
• On Tuesday, September 3rd, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $41.77, for a total transaction of $62,655.00.
• On Monday, August 19th, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $37.00, for a total transaction of $55,500.00.
• On Monday, August 5th, Sanjay Datta sold 1,000 shares of Upstart stock. The shares were sold at an average price of $20.98, for a total transaction of $20,980.00.

Upstart Stock Performance

Shares of UPST opened at $48.48 on Friday. The business’s fifty day moving average price is $43.11 and its 200 day moving average price is $32.17. Upstart Holdings, Inc. has a 12-month low of $19.84 and a 12-month high of $57.40.

Upstart (NASDAQ:UPST) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $127.63 million for the quarter, compared to analysts’ expectations of $124.55 million. During the same period last year, the business posted ($0.34) earnings per share. The firm’s revenue for the quarter was down 6.0% on a year-over-year basis. As a group, research analysts anticipate that Upstart Holdings, Inc. will post -2.39 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on UPST. JPMorgan Chase & Co. boosted their price objective on shares of Upstart from $27.00 to $30.00 and gave the company an “underweight” rating in a research note on Tuesday, August 20th. Barclays boosted their price objective 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. Piper Sandler boosted their target price on shares of 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 target price on shares of Upstart from $33.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. Finally, Wedbush upgraded shares of Upstart from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $10.00 to $45.00 in a research report on Monday, October 14th. 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $31.50.

Institutional Investors Weigh In On Upstart

Several large investors have recently added to or reduced their stakes in UPST. Atomi Financial Group Inc. increased its holdings in shares of Upstart by 0.7% during the second quarter. Atomi Financial Group Inc. now owns 59,009 shares of the company’s stock valued at $1,392,000 after purchasing an additional 406 shares during the period. Daiwa Securities Group Inc. increased its holdings in shares of Upstart by 18.2% during the second quarter. Daiwa Securities Group Inc. now owns 2,657 shares of the company’s stock valued at $63,000 after purchasing an additional 409 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Upstart by 4.2% during the second quarter. Principal Financial Group Inc. now owns 10,405 shares of the company’s stock valued at $245,000 after purchasing an additional 422 shares during the period. Inspire Advisors LLC increased its holdings in shares of Upstart by 3.0% during the second quarter. Inspire Advisors LLC now owns 16,623 shares of the company’s stock valued at $392,000 after purchasing an additional 480 shares during the period. Finally, Blue Trust Inc. increased its holdings in shares of Upstart by 125.3% during the third quarter. Blue Trust Inc. now owns 989 shares of the company’s stock valued at $40,000 after purchasing an additional 550 shares during the period. 63.01% of the stock is owned by institutional investors and hedge funds.

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.