Upstart Holdings, Inc. (NASDAQ:UPST) CTO Paul Gu Sells 65,000 Shares

Upstart Holdings, Inc. (NASDAQ:UPST) CTO Paul Gu sold 65,000 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $66.58, for a total value of $4,327,700.00. Following the transaction, the chief technology officer now directly owns 878,565 shares of the company’s stock, valued at approximately $58,494,857.70. This represents a 6.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, October 14th, Paul Gu sold 20,000 shares of Upstart stock. The stock was sold at an average price of $50.26, for a total value 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 stock was 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 stock was sold at an average price of $40.86, for a total value of $1,838,700.00.

Upstart Price Performance

Upstart stock traded up $2.84 during trading on Tuesday, hitting $71.11. The stock had a trading volume of 4,951,679 shares, compared to its average volume of 6,902,422. Upstart Holdings, Inc. has a 1 year low of $20.60 and a 1 year high of $86.07. The stock’s 50 day moving average is $48.51 and its two-hundred day moving average is $35.52.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on UPST. JPMorgan Chase & Co. upgraded Upstart from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $30.00 to $45.00 in a report on Friday, November 8th. Piper Sandler upgraded Upstart from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $31.00 to $85.00 in a report on Friday, November 8th. Mizuho raised their target price on Upstart from $33.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, September 20th. Citigroup upgraded Upstart from a “neutral” rating to a “buy” rating and raised their target price for the company from $56.00 to $87.00 in a research note on Friday, November 8th. Finally, Needham & Company LLC restated a “hold” rating on shares of Upstart in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $46.83.

Institutional Investors Weigh In On Upstart

Several institutional investors have recently made changes to their positions in the stock. Orion Capital Management LLC lifted its position in shares of Upstart by 5.1% during the third quarter. Orion Capital Management LLC now owns 5,560 shares of the company’s stock worth $222,000 after acquiring an additional 270 shares in the last quarter. Atomi Financial Group Inc. lifted its position in shares of Upstart by 0.7% during the second quarter. Atomi Financial Group Inc. now owns 59,009 shares of the company’s stock worth $1,392,000 after acquiring an additional 406 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Upstart by 18.2% during the second quarter. Daiwa Securities Group Inc. now owns 2,657 shares of the company’s stock worth $63,000 after acquiring an additional 409 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Upstart by 4.2% during the second quarter. Principal Financial Group Inc. now owns 10,405 shares of the company’s stock worth $245,000 after acquiring an additional 422 shares in the last quarter. Finally, Inspire Advisors LLC increased its holdings in shares of Upstart by 3.0% in the second quarter. Inspire Advisors LLC now owns 16,623 shares of the company’s stock worth $392,000 after purchasing an additional 480 shares during the period. Hedge funds and other 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.