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 Upstart stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $28.15, for a total transaction of $28,150.00. Following the completion of the sale, the chief financial officer now directly owns 373,398 shares of the company’s stock, valued at $10,511,153.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, July 15th, Sanjay Datta sold 1,000 shares of Upstart stock. The shares were sold at an average price of $27.80, for a total transaction of $27,800.00.
• On Monday, July 8th, Sanjay Datta sold 1,000 shares of Upstart stock. The shares were sold at an average price of $23.41, for a total transaction of $23,410.00.
• On Monday, July 1st, Sanjay Datta sold 1,000 shares of Upstart stock. The shares were sold at an average price of $23.63, for a total transaction 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 transaction of $21,680.00.
• On Monday, June 3rd, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $25.49, for a total transaction of $25,490.00.
• On Tuesday, May 28th, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $23.71, for a total transaction of $23,710.00.
• On Monday, May 20th, Sanjay Datta sold 18,138 shares of Upstart stock. The stock was sold at an average price of $25.61, for a total transaction of $464,514.18.

Upstart Stock Performance

UPST traded down $2.61 during midday trading on Wednesday, reaching $25.02. The company had a trading volume of 5,721,079 shares, compared to its average volume of 6,044,409. The stock has a market cap of $2.20 billion, a PE ratio of -12.49 and a beta of 1.97. Upstart Holdings, Inc. has a 12-month low of $19.84 and a 12-month high of $72.58. The business has a 50-day moving average price of $24.73 and a two-hundred day moving average price of $26.48.

Upstart (NASDAQ:UPST) last announced its quarterly earnings results on Tuesday, May 7th. The company reported ($0.74) EPS for the quarter, beating analysts’ consensus estimates of ($0.80) by $0.06. The company had revenue of $127.79 million for the quarter, compared to analysts’ expectations of $124.82 million. Upstart had a negative net margin of 32.59% and a negative return on equity of 27.89%. On average, research analysts anticipate that Upstart Holdings, Inc. will post -2.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Mizuho decreased their target price on shares of Upstart from $23.00 to $17.00 and set an “underperform” rating for the company in a research report on Thursday, May 9th. Bank of America began coverage on shares of Upstart in a report on Thursday, April 4th. They set an “underperform” rating and a $22.00 price target on the stock. Needham & Company LLC restated a “hold” rating on shares of Upstart in a report on Wednesday, May 8th. JMP Securities restated a “market perform” rating on shares of Upstart in a report on Wednesday, April 17th. Finally, Wedbush restated an “underperform” rating and set a $10.00 price target on shares of Upstart in a report on Wednesday, May 8th. Six investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $21.65.

Institutional Trading of Upstart

Institutional investors have recently modified their holdings of the business. GAMMA Investing LLC purchased a new stake in shares of Upstart during the 4th quarter valued at approximately $25,000. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Upstart by 80.6% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,743 shares of the company’s stock valued at $47,000 after buying an additional 778 shares in the last quarter. Strs Ohio purchased a new stake in shares of Upstart during the 4th quarter valued at approximately $57,000. ICA Group Wealth Management LLC purchased a new stake in shares of Upstart during the 4th quarter valued at approximately $61,000. Finally, BOCHK Asset Management Ltd purchased a new stake in shares of Upstart during the 4th quarter valued at approximately $61,000. 63.01% of the stock is currently 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.