Upstart Holdings, Inc. (NASDAQ:UPST – Get Rating) CEO Dave Girouard sold 3,153 shares of the business’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $26.93, for a total value of $84,910.29. Following the completion of the transaction, the chief executive officer now directly owns 79,913 shares of the company’s stock, valued at $2,152,057.09. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Upstart Stock Up 2.8 %
Shares of UPST opened at $24.39 on Friday. Upstart Holdings, Inc. has a 52 week low of $11.93 and a 52 week high of $54.69. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of -7.19 and a beta of 1.46. The stock’s 50-day moving average price is $16.51 and its 200-day moving average price is $17.01.
Hedge Funds Weigh In On Upstart
A number of hedge funds have recently bought and sold shares of UPST. Norges Bank purchased a new position in Upstart during the fourth quarter worth approximately $11,225,000. Vanguard Group Inc. raised its holdings in shares of Upstart by 16.9% during the first quarter. Vanguard Group Inc. now owns 5,822,210 shares of the company’s stock valued at $635,145,000 after acquiring an additional 840,668 shares during the last quarter. Brainard Capital Management LLC acquired a new position in shares of Upstart during the fourth quarter valued at approximately $5,178,000. State Street Corp raised its holdings in shares of Upstart by 36.6% during the second quarter. State Street Corp now owns 1,319,132 shares of the company’s stock valued at $41,711,000 after acquiring an additional 353,154 shares during the last quarter. Finally, Freshford Capital Management LLC acquired a new position in shares of Upstart during the third quarter valued at approximately $5,925,000. Hedge funds and other institutional investors own 37.43% of the company’s stock.
Analyst Ratings Changes
Upstart Holdings, Inc, together with its subsidiaries, operates a cloud-based artificial intelligence (AI) lending platform in the United States. Its platform aggregates consumer demand for loans and connects it to its network of the company's AI-enabled bank partners. The company was founded in 2012 and is headquartered in San Mateo, California.
- Get a free copy of the StockNews.com research report on Upstart (UPST)
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