Paul Gu Sells 87,600 Shares of Upstart Holdings, Inc. (NASDAQ:UPST) Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CTO Paul Gu sold 87,600 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $69.39, for a total transaction of $6,078,564.00. Following the sale, the chief technology officer now directly owns 863,065 shares of the company’s stock, valued at $59,888,080.35. This represents a 9.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, November 25th, Paul Gu sold 58,786 shares of Upstart stock. The stock was sold at an average price of $75.93, for a total transaction of $4,463,620.98.
• On Thursday, November 21st, Paul Gu sold 21,214 shares of Upstart stock. The stock was sold at an average price of $75.03, for a total transaction of $1,591,686.42.
• On Friday, November 15th, Paul Gu sold 65,000 shares of Upstart stock. The stock was sold at an average price of $66.58, for a total transaction of $4,327,700.00.
• On Monday, October 14th, Paul Gu sold 20,000 shares of Upstart stock. The stock was sold at an average price of $50.26, for a total transaction of $1,005,200.00.
• On Friday, October 4th, Paul Gu sold 8,800 shares of Upstart stock. The shares were 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 shares were sold at an average price of $39.22, for a total transaction of $1,419,764.00.

Upstart Stock Performance

Shares of UPST stock opened at $74.63 on Thursday. The firm’s 50 day moving average price is $56.74 and its 200-day moving average price is $39.31. Upstart Holdings, Inc. has a one year low of $20.60 and a one year high of $86.07.

Analysts Set New Price Targets

UPST has been the subject of several research reports. JPMorgan Chase & Co. cut shares of Upstart from a “neutral” rating to an “underweight” rating and upped their price objective for the company from $45.00 to $57.00 in a research note on Monday. Mizuho upped their price objective on shares of Upstart from $33.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, September 20th. BTIG Research raised shares of Upstart from a “sell” rating to a “neutral” rating in a research note on Monday, November 11th. Piper Sandler upgraded shares of Upstart from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $31.00 to $85.00 in a report on Friday, November 8th. Finally, Wedbush boosted their target price on shares of Upstart from $60.00 to $75.00 and gave the company a “neutral” rating in a report on Monday. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $57.56.

Hedge Funds Weigh In On Upstart

Several large investors have recently made changes to their positions in the stock. Orion Capital Management LLC lifted its holdings in shares of Upstart by 5.1% in the 3rd quarter. Orion Capital Management LLC now owns 5,560 shares of the company’s stock worth $222,000 after acquiring an additional 270 shares during the last quarter. Atomi Financial Group Inc. lifted its holdings 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 in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Upstart by 18.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 2,657 shares of the company’s stock worth $63,000 after buying an additional 409 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Upstart by 4.2% during the 2nd quarter. Principal Financial Group Inc. now owns 10,405 shares of the company’s stock worth $245,000 after buying an additional 422 shares in the last quarter. Finally, Inspire Advisors LLC lifted its holdings in Upstart by 3.0% during the 2nd quarter. Inspire Advisors LLC now owns 16,623 shares of the company’s stock worth $392,000 after buying an additional 480 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

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.