Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sanjay Datta Sells 1,000 Shares

Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sanjay Datta sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $23.41, for a total value of $23,410.00. Following the completion of the transaction, the chief financial officer now owns 375,398 shares of the company’s stock, valued at $8,788,067.18. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Monday, July 1st, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $23.63, for a total value of $23,630.00.
• On Monday, June 24th, Sanjay Datta sold 1,000 shares of Upstart stock. The shares were sold at an average price of $21.68, for a total value of $21,680.00.
• On Monday, June 3rd, Sanjay Datta sold 1,000 shares of Upstart stock. The shares were sold at an average price of $25.49, for a total value of $25,490.00.
• On Tuesday, May 28th, Sanjay Datta sold 1,000 shares of Upstart stock. The shares were sold at an average price of $23.71, for a total value of $23,710.00.
• On Monday, May 20th, Sanjay Datta sold 18,138 shares of Upstart stock. The shares were sold at an average price of $25.61, for a total value of $464,514.18.

Upstart Trading Up 2.4 %

Shares of Upstart stock traded up $0.58 during trading on Wednesday, hitting $24.82. 3,618,827 shares of the stock traded hands, compared to its average volume of 5,945,887. The firm has a market cap of $2.18 billion, a P/E ratio of -11.77 and a beta of 1.97. Upstart Holdings, Inc. has a 52-week low of $19.84 and a 52-week high of $72.58. The stock’s fifty day simple moving average is $24.10 and its 200 day simple moving average is $27.32.

Upstart (NASDAQ:UPST) last announced its quarterly earnings results on Tuesday, May 7th. The company reported ($0.74) EPS for the quarter, beating the consensus estimate of ($0.80) by $0.06. Upstart had a negative return on equity of 27.89% and a negative net margin of 32.59%. The firm had revenue of $127.79 million for the quarter, compared to analyst estimates of $124.82 million. As a group, equities analysts expect that Upstart Holdings, Inc. will post -2.67 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. BTIG Research assumed coverage on Upstart in a research report on Friday, June 7th. They issued a “sell” rating and a $14.00 price target for the company. Piper Sandler restated a “neutral” rating and issued a $28.00 price target on shares of Upstart in a research report on Tuesday, March 19th. JMP Securities restated a “market perform” rating on shares of Upstart in a research report on Wednesday, April 17th. Mizuho lowered their price target on Upstart from $23.00 to $17.00 and set an “underperform” rating for the company in a research report on Thursday, May 9th. Finally, Needham & Company LLC restated a “hold” rating on shares of Upstart in a research report on Wednesday, May 8th. Six analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $21.65.

Hedge Funds Weigh In On Upstart

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Upstart by 1.3% in the third quarter. Vanguard Group Inc. now owns 6,856,199 shares of the company’s stock valued at $195,676,000 after purchasing an additional 87,832 shares during the last quarter. Stratos Wealth Partners LTD. grew its stake in Upstart by 5.5% in the fourth quarter. Stratos Wealth Partners LTD. now owns 11,805 shares of the company’s stock valued at $482,000 after purchasing an additional 619 shares during the last quarter. Norges Bank purchased a new position in Upstart in the fourth quarter valued at about $19,017,000. International Assets Investment Management LLC grew its stake in Upstart by 3,532.7% in the fourth quarter. International Assets Investment Management LLC now owns 329,740 shares of the company’s stock valued at $13,473,000 after purchasing an additional 320,663 shares during the last quarter. Finally, Apollon Wealth Management LLC boosted its holdings in Upstart by 30.4% in the fourth quarter. Apollon Wealth Management LLC now owns 12,590 shares of the company’s stock worth $514,000 after acquiring an additional 2,938 shares in the last quarter. Hedge funds and other 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.