Dave Girouard Sells 41,667 Shares of Upstart Holdings, Inc. (NASDAQ:UPST) Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CEO Dave Girouard sold 41,667 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $65.41, for a total value of $2,725,438.47. Following the transaction, the chief executive officer now owns 61,512 shares in the company, valued at $4,023,499.92. This trade represents a 40.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Dave Girouard also recently made the following trade(s):

• On Friday, November 8th, Dave Girouard sold 41,667 shares of Upstart stock. The stock was sold at an average price of $65.15, for a total value of $2,714,605.05.

Upstart Stock Performance

UPST stock opened at $70.40 on Thursday. Upstart Holdings, Inc. has a 1 year low of $20.60 and a 1 year high of $86.07. The stock has a 50-day simple moving average of $49.96 and a 200-day simple moving average of $36.10. The firm has a market cap of $6.42 billion, a P/E ratio of -36.48 and a beta of 1.97.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Mizuho raised their price objective on Upstart from $33.00 to $48.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. Needham & Company LLC restated a “hold” rating on shares of Upstart in a report on Thursday, August 8th. JPMorgan Chase & Co. upgraded Upstart from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $30.00 to $45.00 in a report on Friday, November 8th. Citigroup upgraded Upstart from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $56.00 to $87.00 in a report on Friday, November 8th. Finally, BTIG Research upgraded Upstart from a “sell” rating to a “neutral” rating in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $46.83.

Institutional Investors Weigh In On Upstart

A number of hedge funds have recently bought and sold shares of the business. Synergy Financial Group LTD acquired a new stake in Upstart during the 3rd quarter valued at approximately $258,000. Orion Capital Management LLC grew its stake in Upstart by 5.1% during the 3rd 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 in the last quarter. Geode Capital Management LLC grew its stake in Upstart by 1.6% during the 3rd 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 in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Upstart during the 3rd quarter valued at approximately $430,000. Finally, MML Investors Services LLC grew its stake in Upstart by 7.7% during the 3rd quarter. MML Investors Services LLC now owns 43,912 shares of the company’s stock valued at $1,757,000 after purchasing an additional 3,133 shares in the last quarter. Institutional investors and hedge funds 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.