Upstart Holdings, Inc. (NASDAQ:UPST) Chief Technology Officer Paul Gu Sells 16,064 Shares

Upstart Holdings, Inc. (NASDAQ:UPST) Chief Technology Officer Paul Gu sold 16,064 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $38.62, for a total value of $620,365.98. Following the sale, the insider now directly owns 878,565 shares of the company’s stock, valued at $33,928,774.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Paul Gu also recently made the following trade(s):

• On Tuesday, September 3rd, Paul Gu sold 45,000 shares of Upstart stock. The shares were sold at an average price of $40.86, for a total transaction of $1,838,700.00.
• On Monday, August 19th, Paul Gu sold 10,000 shares of Upstart stock. The stock was sold at an average price of $40.01, for a total transaction of $400,100.00.
• On Monday, July 15th, Paul Gu sold 10,000 shares of Upstart stock. The shares were sold at an average price of $30.05, for a total transaction of $300,500.00.
• On Thursday, July 11th, Paul Gu sold 10,000 shares of Upstart stock. The stock was sold at an average price of $25.88, for a total transaction of $258,800.00.
• On Monday, July 1st, Paul Gu sold 5,000 shares of Upstart stock. The shares were sold at an average price of $23.52, for a total value of $117,600.00.

Upstart Price Performance

UPST opened at $34.40 on Friday. The firm has a market capitalization of $3.08 billion, a P/E ratio of -16.70 and a beta of 2.03. Upstart Holdings, Inc. has a one year low of $19.84 and a one year high of $49.62. The company has a fifty day moving average price of $31.76 and a 200-day moving average price of $27.06.

Upstart (NASDAQ:UPST) last posted its earnings results on Tuesday, August 6th. The company reported ($0.17) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.22. Upstart had a negative return on equity of 32.01% and a negative net margin of 38.05%. The business had revenue of $127.63 million during the quarter, compared to analysts’ expectations of $124.55 million. During the same period in the previous year, the business earned ($0.34) earnings per share. The firm’s revenue was down 6.0% on a year-over-year basis. On average, analysts expect that Upstart Holdings, Inc. will post -2.39 earnings per share for the current year.

Institutional Investors Weigh In On Upstart

Institutional investors and hedge funds have recently bought and sold shares of the stock. Anfield Capital Management LLC purchased a new position in Upstart in the 2nd quarter worth approximately $33,000. BOCHK Asset Management Ltd bought a new stake in shares of Upstart during the 4th quarter worth $61,000. Benjamin F. Edwards & Company Inc. grew its position in Upstart by 80.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,743 shares of the company’s stock worth $47,000 after acquiring an additional 778 shares in the last quarter. GAMMA Investing LLC increased its stake in Upstart by 259.0% in the second quarter. GAMMA Investing LLC now owns 2,204 shares of the company’s stock valued at $52,000 after acquiring an additional 1,590 shares during the last quarter. Finally, Comerica Bank raised its position in Upstart by 144.0% during the first quarter. Comerica Bank now owns 2,313 shares of the company’s stock valued at $62,000 after purchasing an additional 1,365 shares in the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UPST has been the topic of a number of recent research reports. Citigroup raised Upstart from a “sell” rating to a “neutral” rating and upped their price target for the company from $15.00 to $33.00 in a research report on Wednesday, August 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of Upstart in a report on Thursday, August 8th. Piper Sandler increased their target price on shares of Upstart from $28.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Wedbush reissued an “underperform” rating and issued a $10.00 price target on shares of Upstart in a research report on Wednesday, August 7th. Finally, Mizuho raised shares of Upstart from an “underperform” rating to an “outperform” rating and raised their price objective for the stock from $17.00 to $31.00 in a report on Wednesday, July 31st. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Upstart has an average rating of “Hold” and an average target price of $26.75.

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.