Insider Selling: Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sells 1,000 Shares of Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sanjay Datta sold 1,000 shares of Upstart stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $20.98, for a total value of $20,980.00. Following the completion of the sale, the chief financial officer now owns 371,398 shares of the company’s stock, valued at $7,791,930.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, July 29th, Sanjay Datta sold 1,000 shares of Upstart stock. The shares were sold at an average price of $26.31, for a total transaction of $26,310.00.
• On Monday, July 22nd, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $28.15, for a total transaction of $28,150.00.
• 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 stock was sold at an average price of $23.41, for a total value 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 value of $23,630.00.
• On Monday, June 24th, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was 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 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

NASDAQ UPST traded up $2.04 during trading hours on Friday, reaching $36.25. The stock had a trading volume of 17,062,470 shares, compared to its average volume of 6,434,901. Upstart Holdings, Inc. has a 52-week low of $19.84 and a 52-week high of $49.62. The stock has a fifty day moving average of $25.50 and a 200 day moving average of $26.06. The stock has a market cap of $3.19 billion, a P/E ratio of -17.60 and a beta of 1.97.

Upstart (NASDAQ:UPST) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.17) EPS for the quarter, beating the consensus estimate of ($0.39) by $0.22. The business had revenue of $127.63 million for the quarter, compared to the consensus estimate of $124.55 million. Upstart had a negative net margin of 38.05% and a negative return on equity of 31.57%. The business’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.34) EPS. On average, equities research analysts forecast that Upstart Holdings, Inc. will post -2.7 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on UPST shares. BTIG Research initiated coverage on shares of Upstart in a research note on Friday, June 7th. They issued a “sell” rating and a $14.00 target price for the company. JMP Securities reissued a “market perform” rating on shares of Upstart in a research report on Wednesday, April 17th. Redburn Atlantic raised Upstart from a “sell” rating to a “neutral” rating and upped their target price for the company from $22.50 to $25.50 in a research report on Tuesday, June 4th. Piper Sandler raised their price target on Upstart from $28.00 to $31.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. boosted their price target on Upstart from $24.00 to $27.00 and gave the stock an “underweight” rating in a research note on Wednesday. Five investment 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $24.50.

Institutional Investors Weigh In On Upstart

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UPST. Raymond James & Associates acquired a new position in shares of Upstart in the 4th quarter valued at about $854,000. International Assets Investment Management LLC raised its position in Upstart by 3,532.7% during the fourth quarter. International Assets Investment Management LLC now owns 329,740 shares of the company’s stock valued at $13,473,000 after acquiring an additional 320,663 shares in the last quarter. Prime Capital Investment Advisors LLC lifted its holdings in Upstart by 23.4% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 10,755 shares of the company’s stock valued at $439,000 after acquiring an additional 2,038 shares during the period. Stratos Wealth Partners LTD. boosted its position in Upstart by 5.5% in the 4th quarter. Stratos Wealth Partners LTD. now owns 11,805 shares of the company’s stock worth $482,000 after purchasing an additional 619 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of Upstart by 805.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 21,710 shares of the company’s stock worth $887,000 after purchasing an additional 19,313 shares during the period. 63.01% of the stock is owned by institutional investors and hedge funds.

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.