Insider Selling: Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sells 18,619 Shares of Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sanjay Datta sold 18,619 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $69.82, for a total transaction of $1,299,978.58. Following the completion of the sale, the chief financial officer now owns 310,974 shares in the company, valued at approximately $21,712,204.68. This trade represents a 5.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Monday, November 18th, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $68.56, for a total transaction of $102,840.00.
• On Monday, November 11th, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $79.54, for a total value of $119,310.00.
• On Monday, October 28th, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $51.70, for a total value of $77,550.00.
• On Monday, October 21st, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $53.81, for a total value of $80,715.00.
• On Monday, October 14th, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was 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 transaction of $61,935.00.
• On Monday, September 23rd, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $40.00, for a total transaction 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 transaction of $51,630.00.
• On Monday, September 9th, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was 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.

Upstart Price Performance

Shares of UPST opened at $74.06 on Monday. The company has a market cap of $6.76 billion, a PE ratio of -38.37 and a beta of 1.97. The firm has a 50-day moving average of $51.40 and a 200-day moving average of $36.86. Upstart Holdings, Inc. has a one year low of $20.60 and a one year high of $86.07.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Anfield Capital Management LLC acquired a new stake in Upstart during the 2nd quarter valued at $33,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Upstart in the 3rd quarter valued at about $35,000. BNP Paribas acquired a new position in shares of Upstart in the third quarter valued at approximately $37,000. Blue Trust Inc. grew its holdings 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 buying an additional 550 shares in the last quarter. Finally, Hollencrest Capital Management bought a new position in Upstart during the 3rd quarter worth $40,000. 63.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

UPST has been the topic of a number of recent research reports. BTIG Research raised Upstart from a “sell” rating to a “neutral” rating in a research report on Monday, November 11th. Piper Sandler upgraded shares of Upstart from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $31.00 to $85.00 in a report on Friday, November 8th. Mizuho boosted their price objective on shares of Upstart from $33.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. Needham & Company LLC reaffirmed a “hold” rating on shares of Upstart in a research report on Thursday, August 8th. Finally, Citigroup raised shares of Upstart from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $56.00 to $87.00 in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Upstart has an average rating of “Hold” and a consensus price target of $46.83.

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.