Insider Selling: Upstart Holdings, Inc. (NASDAQ:UPST) CEO Sells $2,608,354.20 in Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CEO Dave Girouard sold 41,667 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $62.60, for a total value of $2,608,354.20. Following the transaction, the chief executive officer now directly owns 57,138 shares in the company, valued at approximately $3,576,838.80. The trade was a 42.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, November 20th, Dave Girouard sold 4,374 shares of Upstart stock. The stock was sold at an average price of $69.79, for a total transaction of $305,261.46.
• On Friday, November 15th, Dave Girouard sold 41,667 shares of Upstart stock. The shares were sold at an average price of $65.41, for a total transaction of $2,725,438.47.
• On Friday, November 8th, Dave Girouard sold 41,667 shares of Upstart stock. The shares were sold at an average price of $65.15, for a total transaction of $2,714,605.05.

Upstart Price Performance

Shares of UPST opened at $62.96 on Monday. Upstart Holdings, Inc. has a 1-year low of $20.60 and a 1-year high of $88.95. The stock has a market cap of $5.74 billion, a PE ratio of -32.62 and a beta of 2.26. The firm has a fifty day moving average price of $69.84 and a 200 day moving average price of $49.48.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. lowered Upstart from a “neutral” rating to an “underweight” rating and lifted their target price for the company from $45.00 to $57.00 in a report on Monday, December 2nd. Citigroup raised Upstart from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $56.00 to $87.00 in a research report on Friday, November 8th. BTIG Research upgraded shares of Upstart from a “sell” rating to a “neutral” rating in a research note on Monday, November 11th. Needham & Company LLC upgraded shares of Upstart from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a research note on Friday, December 13th. Finally, Redburn Atlantic raised shares of Upstart from a “neutral” rating to a “buy” rating and increased their price objective for the company from $37.00 to $95.00 in a research report on Tuesday, December 3rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Upstart has an average rating of “Hold” and an average price target of $61.80.

Institutional Trading of Upstart

Several institutional investors and hedge funds have recently made changes to their positions in UPST. Point72 Asia Singapore Pte. Ltd. acquired a new position in Upstart during the third quarter worth approximately $35,000. BNP Paribas acquired a new position in shares of Upstart in the 3rd quarter valued at $37,000. Blue Trust Inc. raised its position in Upstart by 125.3% in the 3rd quarter. Blue Trust Inc. now owns 989 shares of the company’s stock valued at $40,000 after purchasing an additional 550 shares during the last quarter. Hollencrest Capital Management acquired a new stake in Upstart during the 3rd quarter worth $40,000. Finally, Indiana Trust & Investment Management Co purchased a new position in Upstart during the 3rd quarter worth $43,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

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.