Dave Girouard Sells 41,667 Shares of Upstart Holdings, Inc. (NASDAQ:UPST) Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CEO Dave Girouard sold 41,667 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $65.15, for a total value of $2,714,605.05. Following the transaction, the chief executive officer now directly owns 61,512 shares in the company, valued at approximately $4,007,506.80. This represents a 40.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Tuesday, August 20th, Dave Girouard sold 3,361 shares of Upstart stock. The stock was sold at an average price of $38.35, for a total transaction of $128,894.35.

Upstart Stock Down 0.6 %

Shares of NASDAQ:UPST opened at $67.39 on Friday. The company has a market capitalization of $6.15 billion, a price-to-earnings ratio of -35.19 and a beta of 1.97. The firm has a 50 day moving average of $46.54 and a 200 day moving average of $34.49. Upstart Holdings, Inc. has a 52 week low of $20.60 and a 52 week high of $86.07.

Institutional Investors Weigh In On Upstart

A number of institutional investors have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Upstart during the third quarter valued at about $35,000. Point72 Hong Kong Ltd bought a new position in shares of Upstart during the 3rd quarter worth approximately $102,000. Edgestream Partners L.P. acquired a new stake in Upstart in the third quarter valued at approximately $727,000. Fred Alger Management LLC grew its holdings in Upstart by 153.2% in the third quarter. Fred Alger Management LLC now owns 1,246,839 shares of the company’s stock worth $49,886,000 after purchasing an additional 754,416 shares during the last quarter. Finally, FORA Capital LLC acquired a new position in shares of Upstart during the third quarter worth $202,000. Institutional investors own 63.01% of the company’s stock.

Wall Street Analyst Weigh In

UPST has been the subject of several analyst reports. Mizuho raised their target price on shares of Upstart from $33.00 to $48.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. Piper Sandler raised shares of Upstart from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $31.00 to $85.00 in a research note on Friday, November 8th. JPMorgan Chase & Co. raised Upstart from an “underweight” rating to a “neutral” rating and upped their target price for the company from $30.00 to $45.00 in a research note on Friday, November 8th. Citigroup raised Upstart from a “neutral” rating to a “buy” rating and raised their price target for the stock from $56.00 to $87.00 in a research note on Friday, November 8th. Finally, BTIG Research raised Upstart from a “sell” rating to a “neutral” rating in a research report on Monday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $46.83.

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.