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 on Monday, October 28th. The stock was sold at an average price of $51.70, for a total transaction of $77,550.00. Following the sale, the chief financial officer now directly owns 334,093 shares in the company, valued at $17,272,608.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• 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 stock was 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 shares were sold at an average price of $40.00, for a total transaction of $60,000.00.
• On Monday, September 16th, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were 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 transaction 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 transaction 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.
• On Monday, August 5th, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $20.98, for a total transaction of $20,980.00.

Upstart Stock Performance

Shares of UPST traded up $0.71 during mid-day trading on Wednesday, reaching $51.13. The company had a trading volume of 4,651,830 shares, compared to its average volume of 6,653,674. The company’s 50 day simple moving average is $42.59 and its 200 day simple moving average is $31.73. Upstart Holdings, Inc. has a 1-year low of $19.84 and a 1-year high of $57.40. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of -21.55 and a beta of 2.01.

Upstart (NASDAQ:UPST) last posted its earnings results on Tuesday, August 6th. The company reported ($0.17) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.22. The business had revenue of $127.63 million for the quarter, compared to the consensus estimate of $124.55 million. Upstart had a negative net margin of 38.05% and a negative return on equity of 32.01%. The firm’s revenue was down 6.0% compared to the same quarter last year. During the same period last year, the company earned ($0.34) EPS. As a group, equities analysts forecast that Upstart Holdings, Inc. will post -2.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Blue Trust Inc. lifted its position in shares of Upstart by 125.3% in the 3rd quarter. Blue Trust Inc. now owns 989 shares of the company’s stock worth $40,000 after purchasing an additional 550 shares during the period. Indiana Trust & Investment Management Co acquired a new position in shares of Upstart in the 3rd quarter worth approximately $43,000. Anfield Capital Management LLC acquired a new position in shares of Upstart in the 2nd quarter worth approximately $33,000. Castleview Partners LLC lifted its position in shares of Upstart by 21,610.0% during the 3rd quarter. Castleview Partners LLC now owns 2,171 shares of the company’s stock valued at $87,000 after acquiring an additional 2,161 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of Upstart by 259.0% during the 2nd quarter. GAMMA Investing LLC now owns 2,204 shares of the company’s stock valued at $52,000 after acquiring an additional 1,590 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Upstart in a research report on Thursday, August 8th. Citigroup upgraded shares of Upstart from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $15.00 to $33.00 in a research note on Wednesday, August 7th. Barclays increased their price objective on shares of Upstart from $25.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Monday, August 12th. Wedbush upgraded shares of Upstart from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $10.00 to $45.00 in a research note on Monday, October 14th. Finally, Mizuho increased their price objective on shares of Upstart from $33.00 to $48.00 and gave the stock an “outperform” rating in a research note on Friday, September 20th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $31.50.

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.