Upstart Holdings, Inc. (NASDAQ:UPST) CEO Sells $357,441.24 in Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CEO Dave Girouard sold 4,524 shares of Upstart stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $79.01, for a total transaction of $357,441.24. Following the completion of the sale, the chief executive officer now owns 52,614 shares of the company’s stock, valued at approximately $4,157,032.14. The trade was a 7.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Wednesday, January 15th, Dave Girouard sold 41,667 shares of Upstart stock. The stock was sold at an average price of $62.60, for a total value of $2,608,354.20.

Upstart Stock Performance

NASDAQ UPST opened at $68.78 on Thursday. The firm’s fifty day moving average price is $67.68 and its two-hundred day moving average price is $58.08. The stock has a market cap of $6.45 billion, a PE ratio of -47.11 and a beta of 2.25. Upstart Holdings, Inc. has a fifty-two week low of $20.60 and a fifty-two week high of $96.43.

Upstart (NASDAQ:UPST) last issued its quarterly earnings data on Tuesday, February 11th. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. Upstart had a negative return on equity of 25.87% and a negative net margin of 20.20%. As a group, sell-side analysts predict that Upstart Holdings, Inc. will post -0.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on UPST shares. JPMorgan Chase & Co. raised Upstart from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $57.00 to $79.00 in a report on Wednesday, February 12th. BTIG Research raised shares of Upstart from a “sell” rating to a “neutral” rating in a research report on Monday, November 11th. Piper Sandler reissued an “overweight” rating and issued a $105.00 target price (up from $85.00) on shares of Upstart in a report on Wednesday, February 12th. Wedbush upped their price target on shares of Upstart from $60.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. Finally, B. Riley upgraded shares of Upstart from a “neutral” rating to a “buy” rating and increased their price target for the stock from $49.00 to $105.00 in a research report on Wednesday, February 12th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $73.38.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Rakuten Securities Inc. bought a new stake in Upstart during the 4th quarter worth approximately $31,000. Virtus Fund Advisers LLC acquired a new position in shares of Upstart during the fourth quarter worth $32,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Upstart in the third quarter worth $35,000. BNP Paribas acquired a new stake in Upstart in the third quarter valued at $37,000. Finally, Hollencrest Capital Management bought a new position in Upstart during the 3rd quarter worth $40,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Upstart Company Profile

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.