Sanjay Datta Sells 1,500 Shares of Upstart Holdings, Inc. (NASDAQ:UPST) Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sanjay Datta sold 1,500 shares of Upstart stock in a transaction on Monday, November 18th. The stock was sold at an average price of $68.56, for a total transaction of $102,840.00. Following the transaction, the chief financial officer now directly owns 329,593 shares in the company, valued at $22,596,896.08. This represents a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, November 11th, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $79.54, for a total transaction of $119,310.00.
• On Monday, October 28th, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $51.70, for a total transaction of $77,550.00.
• 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 stock was 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 stock was 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 value 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 value 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 value of $62,655.00.

Upstart Price Performance

Shares of UPST opened at $71.78 on Friday. The firm has a market cap of $6.55 billion, a P/E ratio of -37.19 and a beta of 1.97. The stock has a 50 day simple moving average of $50.68 and a two-hundred day simple moving average of $36.34. Upstart Holdings, Inc. has a 1 year low of $20.60 and a 1 year high of $86.07.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Piper Sandler upgraded Upstart from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $31.00 to $85.00 in a research note on Friday, November 8th. Citigroup upgraded Upstart from a “neutral” rating to a “buy” rating and upped their price target for the company from $56.00 to $87.00 in a research report on Friday, November 8th. JPMorgan Chase & Co. upgraded Upstart from an “underweight” rating to a “neutral” rating and upped their price target for the company from $30.00 to $45.00 in a research report on Friday, November 8th. Wedbush upped their price target on Upstart from $45.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, Mizuho upped their price target on Upstart from $33.00 to $48.00 and gave the company an “outperform” rating in a research report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Upstart currently has a consensus rating of “Hold” and an average target price of $46.83.

Institutional Trading of Upstart

Hedge funds and other institutional investors have recently bought and sold shares of the company. Los Angeles Capital Management LLC purchased a new stake in Upstart in the third quarter worth approximately $334,000. Tyler Stone Wealth Management boosted its stake in Upstart by 94.1% in the third quarter. Tyler Stone Wealth Management now owns 55,534 shares of the company’s stock worth $2,222,000 after buying an additional 26,917 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Upstart by 63.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 725,582 shares of the company’s stock worth $29,031,000 after buying an additional 282,481 shares in the last quarter. Magnetar Financial LLC boosted its stake in shares of Upstart by 1,106.7% during the first quarter. Magnetar Financial LLC now owns 97,281 shares of the company’s stock valued at $2,616,000 after purchasing an additional 89,219 shares during the period. Finally, SteelPeak Wealth LLC purchased a new stake in shares of Upstart during the third quarter valued at approximately $828,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

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.