Kerry Whorton Cooper Sells 500 Shares of Upstart Holdings, Inc. (NASDAQ:UPST) Stock

Upstart Holdings, Inc. (NASDAQ:UPST) Director Kerry Whorton Cooper sold 500 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $74.59, for a total transaction of $37,295.00. Following the completion of the transaction, the director now owns 17,961 shares of the company’s stock, valued at approximately $1,339,710.99. The trade was a 2.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Upstart Stock Down 1.6 %

Shares of UPST opened at $73.41 on Friday. The stock has a 50 day moving average price of $57.44 and a 200 day moving average price of $39.55. The company has a market capitalization of $6.70 billion, a price-to-earnings ratio of -38.04 and a beta of 2.19. Upstart Holdings, Inc. has a 52-week low of $20.60 and a 52-week high of $86.07.

Analyst Ratings Changes

Several research analysts have issued reports on UPST shares. Mizuho increased 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. Redburn Atlantic raised shares of Upstart from a “neutral” rating to a “buy” rating and lifted their price target for the company from $37.00 to $95.00 in a research note on Tuesday. Needham & Company LLC reaffirmed a “hold” rating on shares of Upstart in a research note on Thursday, August 8th. BTIG Research upgraded Upstart from a “sell” rating to a “neutral” rating in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. lowered shares of Upstart from a “neutral” rating to an “underweight” rating and boosted their price target for the stock from $45.00 to $57.00 in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $57.56.

Institutional Investors Weigh In On Upstart

Several large investors have recently modified their holdings of the company. Tidal Investments LLC boosted its holdings in shares of Upstart by 1,413.7% in the third quarter. Tidal Investments LLC now owns 333,463 shares of the company’s stock valued at $13,342,000 after acquiring an additional 311,434 shares during the period. Synergy Financial Group LTD purchased a new position in Upstart in the third quarter worth $258,000. Orion Capital Management LLC grew its holdings in 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 last quarter. Geode Capital Management LLC grew its holdings in Upstart by 1.6% in the third quarter. Geode Capital Management LLC now owns 1,816,774 shares of the company’s stock valued at $72,702,000 after purchasing an additional 29,482 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Upstart in the third quarter valued at $430,000. 63.01% of the stock is owned by institutional investors and hedge funds.

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.