Upstart Holdings, Inc. (NASDAQ:UPST) General Counsel Alison Nicoll Sells 7,500 Shares of Stock

Upstart Holdings, Inc. (NASDAQ:UPSTGet Rating) General Counsel Alison Nicoll sold 7,500 shares of Upstart stock in a transaction on Wednesday, May 18th. The stock was sold at an average price of $48.75, for a total transaction of $365,625.00. Following the sale, the general counsel now owns 274,155 shares of the company’s stock, valued at $13,365,056.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Alison Nicoll also recently made the following trade(s):

  • On Monday, May 16th, Alison Nicoll sold 600 shares of Upstart stock. The shares were sold at an average price of $40.09, for a total transaction of $24,054.00.
  • On Wednesday, May 4th, Alison Nicoll sold 7,500 shares of Upstart stock. The stock was sold at an average price of $89.62, for a total transaction of $672,150.00.
  • On Wednesday, April 27th, Alison Nicoll sold 7,500 shares of Upstart stock. The shares were sold at an average price of $73.22, for a total transaction of $549,150.00.
  • On Wednesday, April 20th, Alison Nicoll sold 7,500 shares of Upstart stock. The shares were sold at an average price of $81.30, for a total transaction of $609,750.00.
  • On Wednesday, April 13th, Alison Nicoll sold 7,500 shares of Upstart stock. The stock was sold at an average price of $86.52, for a total transaction of $648,900.00.
  • On Wednesday, April 6th, Alison Nicoll sold 7,500 shares of Upstart stock. The shares were sold at an average price of $96.75, for a total transaction of $725,625.00.
  • On Wednesday, March 30th, Alison Nicoll sold 7,500 shares of Upstart stock. The shares were sold at an average price of $119.63, for a total transaction of $897,225.00.
  • On Wednesday, March 23rd, Alison Nicoll sold 7,500 shares of Upstart stock. The shares were sold at an average price of $121.94, for a total transaction of $914,550.00.
  • On Wednesday, March 16th, Alison Nicoll sold 7,500 shares of Upstart stock. The shares were sold at an average price of $104.38, for a total transaction of $782,850.00.
  • On Wednesday, March 9th, Alison Nicoll sold 7,500 shares of Upstart stock. The stock was sold at an average price of $117.92, for a total transaction of $884,400.00.

Shares of UPST opened at $51.58 on Friday. The company has a market capitalization of $4.37 billion, a price-to-earnings ratio of 31.45 and a beta of 1.14. Upstart Holdings, Inc. has a fifty-two week low of $25.43 and a fifty-two week high of $401.49. The business’s 50-day moving average is $87.00 and its 200-day moving average is $132.83.

Upstart (NASDAQ:UPSTGet Rating) last announced its quarterly earnings results on Monday, May 9th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.53 by $0.08. The business had revenue of $310.14 million during the quarter, compared to analysts’ expectations of $300.13 million. Upstart had a return on equity of 20.27% and a net margin of 15.23%. The firm’s quarterly revenue was up 155.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.12 EPS. On average, equities analysts predict that Upstart Holdings, Inc. will post 0.68 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in Upstart by 16.9% during the first quarter. Vanguard Group Inc. now owns 5,822,210 shares of the company’s stock worth $635,145,000 after purchasing an additional 840,668 shares during the period. Vulcan Value Partners LLC lifted its holdings in shares of Upstart by 14.0% during the fourth quarter. Vulcan Value Partners LLC now owns 4,845,315 shares of the company’s stock worth $733,096,000 after buying an additional 594,854 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Upstart by 11.5% during the first quarter. BlackRock Inc. now owns 2,355,881 shares of the company’s stock worth $257,003,000 after buying an additional 242,348 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Upstart by 34.2% during the fourth quarter. Renaissance Technologies LLC now owns 1,238,437 shares of the company’s stock worth $187,376,000 after buying an additional 315,537 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its holdings in shares of Upstart by 3.6% during the first quarter. Allianz Asset Management GmbH now owns 1,005,087 shares of the company’s stock worth $109,645,000 after buying an additional 35,074 shares during the last quarter. 59.65% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Upstart from a “sell” rating to a “hold” rating in a report on Thursday. Wedbush decreased their price target on shares of Upstart from $70.00 to $35.00 in a research note on Tuesday, May 10th. Bank of America cut shares of Upstart from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $255.00 to $41.00 in a research report on Tuesday, May 10th. JMP Securities decreased their target price on shares of Upstart from $315.00 to $245.00 and set a “market outperform” rating on the stock in a research report on Wednesday, February 16th. Finally, Barclays cut shares of Upstart from an “overweight” rating to an “equal weight” rating and set a $35.00 price target on the stock. in a research report on Wednesday, May 11th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Upstart has an average rating of “Hold” and a consensus price target of $114.00.

Upstart Company Profile (Get Rating)

Upstart Holdings, Inc operates a cloud- based artificial intelligence (AI) lending platform in the United States. The company's platform aggregates consumer demand for loans and connects it to its network of the company's AI- enabled bank partners. Its platform connects consumers, banks, and institutional investors through a shared AI lending platform.

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