Insider Selling: Upstart Holdings, Inc. (NASDAQ:UPST) CEO Sells 4,524 Shares of Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CEO Dave Girouard sold 4,524 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $79.01, for a total value of $357,441.24. Following the sale, the chief executive officer now owns 52,614 shares of the company’s stock, valued at approximately $4,157,032.14. The trade was a 7.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Dave Girouard also recently made the following trade(s):

• On Wednesday, January 15th, Dave Girouard sold 41,667 shares of Upstart stock. The shares were sold at an average price of $62.60, for a total value of $2,608,354.20.

Upstart Price Performance

NASDAQ:UPST opened at $70.50 on Tuesday. The firm has a 50-day moving average of $68.09 and a two-hundred day moving average of $57.79. The stock has a market cap of $6.61 billion, a P/E ratio of -48.29 and a beta of 2.25. Upstart Holdings, Inc. has a 1-year low of $20.60 and a 1-year high of $96.43.

Upstart (NASDAQ:UPST) last issued its quarterly earnings results on Tuesday, February 11th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. Upstart had a negative return on equity of 25.87% and a negative net margin of 20.20%. As a group, equities analysts expect that Upstart Holdings, Inc. will post -0.03 earnings per share for the current year.

Institutional Trading of Upstart

A number of hedge funds have recently made changes to their positions in the stock. Rakuten Securities Inc. bought a new position in Upstart during the 4th quarter valued at $31,000. Virtus Fund Advisers LLC bought a new position in shares of Upstart during the fourth quarter worth about $32,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Upstart in the third quarter worth about $35,000. BNP Paribas acquired a new position in Upstart in the third quarter worth about $37,000. Finally, Hollencrest Capital Management bought a new stake in Upstart in the third quarter valued at about $40,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on UPST shares. Morgan Stanley upgraded Upstart from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $12.00 to $70.00 in a report on Friday, February 14th. Wedbush raised their price target on shares of Upstart from $60.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. The Goldman Sachs Group boosted their price objective on shares of Upstart from $13.50 to $15.00 and gave the stock a “sell” rating in a research note on Wednesday, February 12th. Redburn Atlantic raised shares of Upstart from a “neutral” rating to a “buy” rating and raised their target price for the company from $37.00 to $95.00 in a research note on Tuesday, December 3rd. Finally, Barclays upped their price target on shares of Upstart from $80.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $73.38.

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.