Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sells $1,269,851.40 in Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sanjay Datta sold 16,070 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $79.02, for a total value of $1,269,851.40. Following the completion of the sale, the chief financial officer now owns 295,537 shares of the company’s stock, valued at approximately $23,353,333.74. This trade represents a 5.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Upstart Trading Down 1.8 %

NASDAQ:UPST traded down $1.27 during trading hours on Monday, reaching $70.50. 6,208,159 shares of the company traded hands, compared to its average volume of 6,277,000. Upstart Holdings, Inc. has a 1 year low of $20.60 and a 1 year high of $96.43. The stock has a market capitalization of $6.61 billion, a P/E ratio of -48.29 and a beta of 2.25. The business’s 50-day moving average price is $68.36 and its two-hundred day moving average price is $57.54.

Upstart (NASDAQ:UPST) last announced its quarterly earnings results on Tuesday, February 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. Upstart had a negative net margin of 20.20% and a negative return on equity of 25.87%. As a group, equities analysts anticipate that Upstart Holdings, Inc. will post -0.03 EPS for the current year.

Institutional Investors Weigh In On Upstart

A number of institutional investors have recently made changes to their positions in UPST. Rakuten Securities Inc. bought a new position in Upstart in the 4th quarter valued at approximately $31,000. Virtus Fund Advisers LLC purchased a new position in shares of Upstart in the fourth quarter worth $32,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Upstart during the third quarter valued at $35,000. BNP Paribas purchased a new stake in shares of Upstart during the third quarter valued at $37,000. Finally, Hollencrest Capital Management purchased a new stake in shares of Upstart during the third quarter valued at $40,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. BTIG Research raised Upstart from a “sell” rating to a “neutral” rating in a research note on Monday, November 11th. Piper Sandler reiterated an “overweight” rating and set a $105.00 price target (up previously from $85.00) on shares of Upstart in a research report on Wednesday, February 12th. Redburn Atlantic upgraded shares of Upstart from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $37.00 to $95.00 in a report on Tuesday, December 3rd. Bank of America upped their target price on Upstart from $33.00 to $39.00 and gave the stock an “underperform” rating in a report on Wednesday, February 12th. Finally, B. Riley upgraded Upstart from a “neutral” rating to a “buy” rating and raised their target price for the company from $49.00 to $105.00 in a research note on Wednesday, February 12th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $73.38.

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.