Paul Gu Sells 16,064 Shares of Upstart Holdings, Inc. (NASDAQ:UPST) Stock

Upstart Holdings, Inc. (NASDAQ:UPST) Chief Technology Officer Paul Gu sold 16,064 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $38.62, for a total transaction of $620,365.98. Following the transaction, the insider now owns 878,565 shares in the company, valued at $33,928,774.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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.
• On Monday, August 19th, Paul Gu sold 10,000 shares of Upstart stock. The stock was sold at an average price of $40.01, for a total transaction of $400,100.00.
• On Monday, July 15th, Paul Gu sold 10,000 shares of Upstart stock. The shares were sold at an average price of $30.05, for a total value of $300,500.00.
• On Thursday, July 11th, Paul Gu sold 10,000 shares of Upstart stock. The shares were sold at an average price of $25.88, for a total value of $258,800.00.
• On Monday, July 1st, Paul Gu sold 5,000 shares of Upstart stock. The stock was sold at an average price of $23.52, for a total value of $117,600.00.

Upstart Price Performance

Shares of NASDAQ UPST opened at $34.40 on Friday. Upstart Holdings, Inc. has a 1 year low of $19.84 and a 1 year high of $49.62. The company’s 50-day moving average is $31.76 and its 200 day moving average is $27.06. The stock has a market capitalization of $3.08 billion, a P/E ratio of -16.70 and a beta of 2.03.

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

Hedge Funds Weigh In On Upstart

Institutional investors have recently added to or reduced their stakes in the company. Anfield Capital Management LLC purchased a new stake in shares of Upstart in the 2nd quarter worth about $33,000. Benjamin F. Edwards & Company Inc. boosted its stake in Upstart by 80.6% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,743 shares of the company’s stock worth $47,000 after acquiring an additional 778 shares in the last quarter. GAMMA Investing LLC boosted its stake in Upstart by 259.0% during the second quarter. GAMMA Investing LLC now owns 2,204 shares of the company’s stock worth $52,000 after acquiring an additional 1,590 shares in the last quarter. BOCHK Asset Management Ltd purchased a new stake in Upstart in the fourth quarter worth about $61,000. Finally, Comerica Bank lifted its holdings in shares of Upstart by 144.0% during the first quarter. Comerica Bank now owns 2,313 shares of the company’s stock valued at $62,000 after purchasing an additional 1,365 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

Wall Street Analysts Forecast Growth

UPST has been the topic of several recent analyst reports. Wedbush restated an “underperform” rating and issued a $10.00 target price on shares of Upstart in a report on Wednesday, August 7th. Redburn Atlantic raised shares of Upstart from a “sell” rating to a “neutral” rating and increased their price target for the company from $22.50 to $25.50 in a research report on Tuesday, June 4th. Mizuho upgraded shares of Upstart from an “underperform” rating to an “outperform” rating and boosted their price objective for the company from $17.00 to $31.00 in a research report on Wednesday, July 31st. BTIG Research initiated coverage on shares of Upstart in a report on Friday, June 7th. They set a “sell” rating and a $14.00 target price for the company. Finally, Piper Sandler raised their target price on Upstart from $28.00 to $31.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Upstart presently has a consensus rating of “Hold” and a consensus target price of $26.75.

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.