Insider Selling: Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sells $52,275.00 in Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sanjay Datta sold 1,500 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $34.85, for a total transaction of $52,275.00. Following the completion of the transaction, the chief financial officer now directly owns 344,593 shares of the company’s stock, valued at $12,009,066.05. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• 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.
• On Monday, August 19th, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $37.00, for a total value of $55,500.00.
• On Monday, August 5th, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $20.98, for a total transaction of $20,980.00.
• On Monday, July 29th, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $26.31, for a total transaction of $26,310.00.
• On Monday, July 22nd, Sanjay Datta sold 1,000 shares of Upstart stock. The shares were sold at an average price of $28.15, for a total transaction of $28,150.00.
• On Monday, July 15th, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $27.80, for a total value of $27,800.00.
• On Monday, July 8th, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $23.41, for a total value of $23,410.00.
• On Monday, July 1st, Sanjay Datta sold 1,000 shares of Upstart stock. The shares were sold at an average price of $23.63, for a total transaction of $23,630.00.
• On Monday, June 24th, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $21.68, for a total transaction of $21,680.00.

Upstart Trading Up 5.4 %

Shares of UPST opened at $38.03 on Friday. Upstart Holdings, Inc. has a 12 month low of $19.84 and a 12 month high of $49.62. The firm’s 50 day moving average is $33.02 and its 200-day moving average is $27.43. The stock has a market capitalization of $3.40 billion, a PE ratio of -18.46 and a beta of 2.03.

Upstart (NASDAQ:UPST) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.17) earnings per share for the quarter, beating 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 firm 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 firm earned ($0.34) EPS. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. Equities research analysts predict that Upstart Holdings, Inc. will post -2.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on UPST shares. Needham & Company LLC restated a “hold” rating on shares of Upstart in a research note on Thursday, August 8th. Mizuho raised Upstart from an “underperform” rating to an “outperform” rating and raised their price objective for the company from $17.00 to $31.00 in a research report on Wednesday, July 31st. Piper Sandler boosted their target price on Upstart from $28.00 to $31.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Wedbush reaffirmed an “underperform” rating and set a $10.00 price target on shares of Upstart in a report on Wednesday, August 7th. Finally, Barclays upped their price objective on shares of Upstart from $25.00 to $35.00 and gave the company an “equal weight” rating in a report on Monday, August 12th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $26.75.

Hedge Funds Weigh In On Upstart

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

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.