Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sanjay Datta Sells 1,500 Shares

Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sanjay Datta sold 1,500 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $79.54, for a total value of $119,310.00. Following the completion of the transaction, the chief financial officer now directly owns 331,093 shares of the company’s stock, valued at approximately $26,335,137.22. The trade was a 0.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, October 28th, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $51.70, for a total value of $77,550.00.
• On Monday, October 21st, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $53.81, for a total transaction of $80,715.00.
• On Monday, October 14th, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $48.68, for a total transaction of $73,020.00.
• On Monday, October 7th, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $41.29, for a total transaction of $61,935.00.
• On Monday, September 23rd, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $40.00, for a total value of $60,000.00.
• On Monday, September 16th, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $34.42, for a total transaction of $51,630.00.
• On Monday, September 9th, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $34.85, for a total value of $52,275.00.
• On Tuesday, September 3rd, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $41.77, for a total value of $62,655.00.
• On Monday, August 19th, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $37.00, for a total transaction of $55,500.00.

Upstart Price Performance

UPST opened at $67.39 on Friday. Upstart Holdings, Inc. has a one year low of $20.60 and a one year high of $86.07. The firm has a market capitalization of $6.15 billion, a price-to-earnings ratio of -34.91 and a beta of 1.97. The business has a 50 day simple moving average of $47.17 and a two-hundred day simple moving average of $34.72.

Institutional Trading of Upstart

A number of institutional investors have recently made changes to their positions in UPST. Anfield Capital Management LLC purchased a new stake in Upstart during the second quarter valued at approximately $33,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Upstart in the 3rd quarter worth $35,000. BNP Paribas bought a new position in Upstart in the 3rd quarter worth $37,000. Blue Trust Inc. lifted its position in Upstart by 125.3% during the third quarter. Blue Trust Inc. now owns 989 shares of the company’s stock valued at $40,000 after purchasing an additional 550 shares in the last quarter. Finally, Hollencrest Capital Management purchased a new stake in Upstart in the third quarter worth about $40,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on UPST shares. Piper Sandler upgraded shares of Upstart from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $31.00 to $85.00 in a research note on Friday, November 8th. JPMorgan Chase & Co. upgraded shares of Upstart from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $30.00 to $45.00 in a research note on Friday, November 8th. Barclays increased their target price 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. BTIG Research upgraded shares of Upstart from a “sell” rating to a “neutral” rating in a research note on Monday. Finally, Wedbush raised their price target on Upstart from $45.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. One equities 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $46.83.

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.