Upstart Holdings, Inc. (NASDAQ:UPST) CTO Paul Gu Sells 21,214 Shares

Upstart Holdings, Inc. (NASDAQ:UPST) CTO Paul Gu sold 21,214 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $75.03, for a total value of $1,591,686.42. Following the completion of the sale, the chief technology officer now owns 863,065 shares of the company’s stock, valued at $64,755,766.95. This represents a 2.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Paul Gu also recently made the following trade(s):

• On Friday, November 15th, Paul Gu sold 65,000 shares of Upstart stock. The shares were sold at an average price of $66.58, for a total transaction of $4,327,700.00.
• On Monday, October 14th, Paul Gu sold 20,000 shares of Upstart stock. The shares were sold at an average price of $50.26, for a total transaction of $1,005,200.00.
• On Friday, October 4th, Paul Gu sold 8,800 shares of Upstart stock. The stock was sold at an average price of $40.10, for a total value of $352,880.00.
• On Tuesday, October 1st, Paul Gu sold 36,200 shares of Upstart stock. The shares were sold at an average price of $39.22, for a total value of $1,419,764.00.
• On Tuesday, September 3rd, Paul Gu sold 45,000 shares of Upstart stock. The shares were sold at an average price of $40.86, for a total value of $1,838,700.00.

Upstart Price Performance

Shares of NASDAQ UPST opened at $74.06 on Friday. The stock has a market capitalization of $6.76 billion, a PE ratio of -38.37 and a beta of 1.97. Upstart Holdings, Inc. has a fifty-two week low of $20.60 and a fifty-two week high of $86.07. The business has a fifty day moving average price of $51.40 and a two-hundred day moving average price of $36.68.

Wall Street Analyst Weigh In

UPST has been the topic of several analyst reports. Barclays boosted their price target on shares of Upstart from $25.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. Citigroup upgraded Upstart from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $56.00 to $87.00 in a report on Friday, November 8th. Wedbush lifted their target price on Upstart from $45.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. BTIG Research upgraded Upstart from a “sell” rating to a “neutral” rating in a research note on Monday, November 11th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Upstart in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Upstart has a consensus rating of “Hold” and a consensus target price of $46.83.

Institutional Trading of Upstart

Institutional investors and hedge funds have recently made changes to their positions in the company. Los Angeles Capital Management LLC bought a new position in Upstart in the third quarter valued at about $334,000. Tyler Stone Wealth Management grew its holdings in shares of Upstart by 94.1% during the 3rd quarter. Tyler Stone Wealth Management now owns 55,534 shares of the company’s stock valued at $2,222,000 after purchasing an additional 26,917 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Upstart by 63.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 725,582 shares of the company’s stock worth $29,031,000 after purchasing an additional 282,481 shares in the last quarter. Magnetar Financial LLC lifted its stake in Upstart by 1,106.7% in the 1st quarter. Magnetar Financial LLC now owns 97,281 shares of the company’s stock valued at $2,616,000 after purchasing an additional 89,219 shares during the last quarter. Finally, SteelPeak Wealth LLC acquired a new stake in Upstart in the third quarter valued at approximately $828,000. Institutional investors own 63.01% of the company’s stock.

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.