Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sanjay Datta Sells 1,000 Shares

Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sanjay Datta sold 1,000 shares of the company’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $23.41, for a total transaction of $23,410.00. Following the completion of the transaction, the chief financial officer now directly owns 375,398 shares in the company, valued at approximately $8,788,067.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, July 1st, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $23.63, for a total value of $23,630.00.
• On Monday, June 24th, Sanjay Datta sold 1,000 shares of Upstart stock. The shares were sold at an average price of $21.68, for a total value of $21,680.00.
• On Monday, June 3rd, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $25.49, for a total transaction of $25,490.00.
• On Tuesday, May 28th, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $23.71, for a total transaction of $23,710.00.
• On Monday, May 20th, Sanjay Datta sold 18,138 shares of Upstart stock. The stock was sold at an average price of $25.61, for a total transaction of $464,514.18.

Upstart Trading Up 8.5 %

Upstart stock opened at $26.92 on Friday. Upstart Holdings, Inc. has a 1-year low of $19.84 and a 1-year high of $72.58. The firm has a 50-day moving average of $24.21 and a 200-day moving average of $27.30.

Upstart (NASDAQ:UPST) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.74) earnings per share for the quarter, topping the consensus estimate of ($0.80) by $0.06. Upstart had a negative return on equity of 27.89% and a negative net margin of 32.59%. The business had revenue of $127.79 million during the quarter, compared to analysts’ expectations of $124.82 million. On average, analysts expect that Upstart Holdings, Inc. will post -2.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. BTIG Research initiated coverage on Upstart in a report on Friday, June 7th. They issued a “sell” rating and a $14.00 price objective for the company. Redburn Atlantic upgraded 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. Piper Sandler restated a “neutral” rating and issued a $28.00 price objective on shares of Upstart in a report on Tuesday, March 19th. JMP Securities reaffirmed a “market perform” rating on shares of Upstart in a report on Wednesday, April 17th. Finally, Mizuho decreased their target price on shares of Upstart from $23.00 to $17.00 and set an “underperform” rating on the stock in a research report on Thursday, May 9th. Six investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat, Upstart currently has a consensus rating of “Hold” and an average target price of $21.65.

Institutional Trading of Upstart

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Upstart by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,856,199 shares of the company’s stock worth $195,676,000 after purchasing an additional 87,832 shares during the period. Stratos Wealth Partners LTD. boosted its position in Upstart by 5.5% during the 4th quarter. Stratos Wealth Partners LTD. now owns 11,805 shares of the company’s stock valued at $482,000 after acquiring an additional 619 shares in the last quarter. Norges Bank bought a new stake in Upstart during the 4th quarter valued at approximately $19,017,000. International Assets Investment Management LLC grew its holdings in shares of Upstart by 3,532.7% during the 4th quarter. International Assets Investment Management LLC now owns 329,740 shares of the company’s stock worth $13,473,000 after acquiring an additional 320,663 shares during the period. Finally, Apollon Wealth Management LLC raised its position in shares of Upstart by 30.4% in the 4th quarter. Apollon Wealth Management LLC now owns 12,590 shares of the company’s stock worth $514,000 after acquiring an additional 2,938 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

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.