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

Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sanjay Datta sold 1,500 shares of Upstart stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $34.42, for a total transaction of $51,630.00. Following the completion of the transaction, the chief financial officer now owns 343,093 shares of the company’s stock, valued at $11,809,261.06. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• 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 transaction 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 transaction of $62,655.00.
• On Monday, August 19th, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $37.00, for a total transaction of $55,500.00.
• On Monday, August 5th, Sanjay Datta sold 1,000 shares of Upstart stock. The shares were sold at an average price of $20.98, for a total transaction of $20,980.00.
• On Monday, July 29th, Sanjay Datta sold 1,000 shares of Upstart stock. The shares were sold at an average price of $26.31, for a total transaction of $26,310.00.
• On Monday, July 22nd, Sanjay Datta sold 1,000 shares of Upstart stock. The shares were sold at an average price of $28.15, for a total transaction of $28,150.00.
• On Monday, July 15th, Sanjay Datta sold 1,000 shares of Upstart stock. The shares were sold at an average price of $27.80, for a total transaction of $27,800.00.
• On Monday, July 8th, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $23.41, for a total transaction of $23,410.00.
• 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 transaction of $23,630.00.
• On Monday, June 24th, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $21.68, for a total transaction of $21,680.00.

Upstart Stock Performance

Shares of Upstart stock opened at $38.31 on Thursday. The firm has a 50-day simple moving average of $33.79 and a two-hundred day simple moving average of $27.68. The company has a market cap of $3.43 billion, a P/E ratio of -18.60 and a beta of 2.03. Upstart Holdings, Inc. has a fifty-two week low of $19.84 and a fifty-two week high of $49.62.

Upstart (NASDAQ:UPST) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.17) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.22. The business had revenue of $127.63 million during the quarter, compared to the consensus estimate of $124.55 million. Upstart had a negative net margin of 38.05% and a negative return on equity of 32.01%. The company’s revenue was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.34) earnings per share. Equities research analysts forecast that Upstart Holdings, Inc. will post -2.39 EPS for the current year.

Institutional Trading of Upstart

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Upstart by 1.6% during the first quarter. Vanguard Group Inc. now owns 7,128,975 shares of the company’s stock worth $191,698,000 after purchasing an additional 115,057 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Upstart by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 573,176 shares of the company’s stock valued at $23,420,000 after acquiring an additional 17,463 shares in the last quarter. Norges Bank purchased a new stake in Upstart during the 4th quarter valued at about $19,017,000. Liontrust Investment Partners LLP grew its stake in Upstart by 26.1% during the 2nd quarter. Liontrust Investment Partners LLP now owns 290,000 shares of the company’s stock valued at $6,841,000 after acquiring an additional 60,000 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Upstart by 15.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 272,430 shares of the company’s stock valued at $6,427,000 after acquiring an additional 36,206 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on UPST shares. Piper Sandler lifted their target price on shares of Upstart from $28.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Wedbush reissued an “underperform” rating and set a $10.00 price objective on shares of Upstart in a research note on Wednesday, August 7th. Redburn Atlantic upgraded shares of Upstart from a “sell” rating to a “neutral” rating and upped their target price for the stock from $22.50 to $25.50 in a research note on Tuesday, June 4th. BTIG Research initiated coverage on shares of Upstart in a research report on Friday, June 7th. They set a “sell” rating and a $14.00 price objective on the stock. Finally, Barclays upped their target price on shares of Upstart from $25.00 to $35.00 and gave the company an “equal weight” rating in a report on Monday, August 12th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $26.75.

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.