Paul Gu Sells 21,214 Shares of Upstart Holdings, Inc. (NASDAQ:UPST) Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CTO Paul Gu sold 21,214 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $75.03, for a total transaction of $1,591,686.42. Following the sale, the chief technology officer now directly owns 863,065 shares in the company, valued at approximately $64,755,766.95. The trade was a 2.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, November 15th, Paul Gu sold 65,000 shares of Upstart stock. The shares were sold at an average price of $66.58, for a total value of $4,327,700.00.
• On Monday, October 14th, Paul Gu sold 20,000 shares of Upstart stock. The shares were 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 transaction 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 transaction of $1,419,764.00.
• On Tuesday, September 3rd, Paul Gu sold 45,000 shares of Upstart stock. The shares were sold at an average price of $40.86, for a total transaction of $1,838,700.00.

Upstart Stock Performance

Shares of Upstart stock opened at $74.06 on Friday. Upstart Holdings, Inc. has a 1 year low of $20.60 and a 1 year high of $86.07. The company has a market capitalization of $6.76 billion, a P/E ratio of -38.37 and a beta of 1.97. The company’s fifty day moving average is $51.40 and its two-hundred day moving average is $36.77.

Analysts Set New Price Targets

A number of analysts have weighed in on UPST shares. BTIG Research upgraded Upstart from a “sell” rating to a “neutral” rating in a research note on Monday, November 11th. Mizuho boosted their target price on Upstart from $33.00 to $48.00 and gave the stock an “outperform” rating in a research note on Friday, September 20th. Needham & Company LLC reiterated a “hold” rating on shares of Upstart in a research note on Thursday, August 8th. Piper Sandler upgraded shares of Upstart from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $31.00 to $85.00 in a research report on Friday, November 8th. Finally, Wedbush lifted their price target on shares of Upstart from $45.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Upstart presently has an average rating of “Hold” and a consensus target price of $46.83.

Institutional Trading of Upstart

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