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

Posted by Joseph Griffin on Oct 25th, 2024

Upstart Holdings, Inc. (NASDAQ:UPST – Get Free Report) CFO Sanjay Datta sold 1,500 shares of the firm’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $53.81, for a total value of $80,715.00. Following the sale, the chief financial officer now directly owns 335,593 shares of the company’s stock, valued at $18,058,259.33. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

On Monday, October 14th, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $48.68, for a total value of $73,020.00.
On Monday, October 7th, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $41.29, for a total value of $61,935.00.
On Monday, September 23rd, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $40.00, for a total value of $60,000.00.
On Monday, September 16th, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $34.42, for a total value of $51,630.00.
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 value 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 value 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 value 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 value 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 value of $26,310.00.

Upstart Price Performance

Upstart stock opened at $51.09 on Friday. The company has a market capitalization of $4.57 billion, a PE ratio of -21.83 and a beta of 2.01. Upstart Holdings, Inc. has a one year low of $19.84 and a one year high of $57.40. The business has a 50 day simple moving average of $41.56 and a 200 day simple moving average of $30.96.

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

Analyst Upgrades and Downgrades

UPST has been the topic of a number of research analyst reports. Barclays raised their target price on Upstart from $25.00 to $35.00 and gave the company an “equal weight” rating in a report on Monday, August 12th. Needham & Company LLC reaffirmed a “hold” rating on shares of Upstart in a report on Thursday, August 8th. Mizuho raised their price objective on Upstart from $33.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. Wedbush upgraded Upstart from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $10.00 to $45.00 in a research report on Monday, October 14th. Finally, JPMorgan Chase & Co. raised their price objective on Upstart from $27.00 to $30.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 20th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $31.50.

Check Out Our Latest Research Report on UPST

Hedge Funds Weigh In On Upstart

Several institutional investors have recently bought and sold shares of UPST. Anfield Capital Management LLC bought a new position in Upstart in the 2nd quarter valued at $33,000. Blue Trust Inc. raised its position in Upstart by 125.3% in the 3rd quarter. Blue Trust Inc. now owns 989 shares of the company’s stock valued at $40,000 after purchasing an additional 550 shares during the last quarter. Indiana Trust & Investment Management Co bought a new position in Upstart in the 3rd quarter valued at $43,000. Benjamin F. Edwards & Company Inc. raised its position in Upstart by 80.6% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,743 shares of the company’s stock valued at $47,000 after purchasing an additional 778 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Upstart by 259.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,204 shares of the company’s stock valued at $52,000 after buying an additional 1,590 shares during the period. Institutional investors own 63.01% of the company’s stock.

About Upstart

(Get Free Report)

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.