Upstart Holdings, Inc. (NASDAQ:UPST) Insider Natalia Mirgorodskaya Sells 794 Shares

Upstart Holdings, Inc. (NASDAQ:UPST) insider Natalia Mirgorodskaya sold 794 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $79.02, for a total transaction of $62,741.88. Following the sale, the insider now directly owns 21,985 shares of the company’s stock, valued at approximately $1,737,254.70. This represents a 3.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Upstart Stock Performance

Upstart stock opened at $66.91 on Wednesday. The firm has a market cap of $6.27 billion, a PE ratio of -45.83 and a beta of 2.25. The firm’s 50 day moving average price is $67.77 and its two-hundred day moving average price is $58.01. Upstart Holdings, Inc. has a twelve month low of $20.60 and a twelve month high of $96.43.

Upstart (NASDAQ:UPST) last released its quarterly earnings data on Tuesday, February 11th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.02. Upstart had a negative net margin of 20.20% and a negative return on equity of 25.87%. Equities analysts anticipate that Upstart Holdings, Inc. will post -0.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp increased its stake in Upstart by 3.1% in the 4th quarter. Jones Financial Companies Lllp now owns 5,511 shares of the company’s stock valued at $339,000 after buying an additional 167 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Upstart by 24.2% during the 4th quarter. Farther Finance Advisors LLC now owns 882 shares of the company’s stock worth $54,000 after purchasing an additional 172 shares during the last quarter. Bailard Inc. increased its stake in shares of Upstart by 0.5% during the 4th quarter. Bailard Inc. now owns 38,759 shares of the company’s stock worth $2,386,000 after purchasing an additional 212 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Upstart by 19.9% during the 4th quarter. GAMMA Investing LLC now owns 1,348 shares of the company’s stock worth $83,000 after purchasing an additional 224 shares during the last quarter. Finally, Orion Capital Management LLC increased its stake in shares of Upstart by 5.1% during the 3rd quarter. Orion Capital Management LLC now owns 5,560 shares of the company’s stock worth $222,000 after purchasing an additional 270 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Needham & Company LLC increased their target price on shares of Upstart from $100.00 to $108.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. The Goldman Sachs Group increased their target price on shares of Upstart from $13.50 to $15.00 and gave the company a “sell” rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. raised shares of Upstart from an “underweight” rating to a “neutral” rating and increased their target price for the company from $57.00 to $79.00 in a research note on Wednesday, February 12th. B. Riley raised shares of Upstart from a “neutral” rating to a “buy” rating and increased their target price for the company from $49.00 to $105.00 in a research note on Wednesday, February 12th. Finally, Redburn Atlantic upgraded shares of Upstart from a “neutral” rating to a “buy” rating and upped their price target for the company from $37.00 to $95.00 in a research report on Tuesday, December 3rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $73.38.

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.