Upstart Holdings, Inc. (NASDAQ:UPST) CTO Paul Gu Sells 21,214 Shares

Upstart Holdings, Inc. (NASDAQ:UPST) CTO Paul Gu sold 21,214 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $75.03, for a total value of $1,591,686.42. Following the sale, the chief technology officer now directly owns 863,065 shares in the company, valued at approximately $64,755,766.95. The trade was a 2.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, November 15th, Paul Gu sold 65,000 shares of Upstart stock. The shares were sold at an average price of $66.58, for a total transaction of $4,327,700.00.
• On Monday, October 14th, Paul Gu sold 20,000 shares of Upstart stock. The stock was sold at an average price of $50.26, for a total transaction of $1,005,200.00.
• On Friday, October 4th, Paul Gu sold 8,800 shares of Upstart stock. The stock was sold at an average price of $40.10, for a total value of $352,880.00.
• On Tuesday, October 1st, Paul Gu sold 36,200 shares of Upstart stock. The stock was sold at an average price of $39.22, for a total transaction of $1,419,764.00.
• On Tuesday, September 3rd, Paul Gu sold 45,000 shares of Upstart stock. The stock was sold at an average price of $40.86, for a total transaction of $1,838,700.00.

Upstart Price Performance

Shares of UPST traded up $2.63 during mid-day trading on Friday, reaching $74.06. The stock had a trading volume of 5,640,937 shares, compared to its average volume of 6,890,969. The firm has a market cap of $6.76 billion, a price-to-earnings ratio of -37.19 and a beta of 1.97. The business’s fifty day moving average is $50.68 and its 200 day moving average is $36.34. Upstart Holdings, Inc. has a 52-week low of $20.60 and a 52-week high of $86.07.

Analyst Ratings Changes

UPST has been the subject of several recent research reports. Citigroup raised shares of Upstart from a “neutral” rating to a “buy” rating and raised their target price for the stock from $56.00 to $87.00 in a report on Friday, November 8th. BTIG Research raised shares of Upstart from a “sell” rating to a “neutral” rating in a report on Monday, November 11th. Mizuho raised their target price on Upstart from $33.00 to $48.00 and gave the company an “outperform” rating in a research report on Friday, September 20th. Barclays raised their price objective on Upstart from $25.00 to $35.00 and gave the company an “equal weight” rating in a report on Monday, August 12th. Finally, JPMorgan Chase & Co. raised shares of Upstart from an “underweight” rating to a “neutral” rating and raised their price target for the company from $30.00 to $45.00 in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, Upstart currently has an average rating of “Hold” and a consensus target price of $46.83.

Institutional Trading of Upstart

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Synergy Financial Group LTD purchased a new position in Upstart in the third quarter worth approximately $258,000. Orion Capital Management LLC boosted its stake in Upstart by 5.1% during the third quarter. Orion Capital Management LLC now owns 5,560 shares of the company’s stock worth $222,000 after buying an additional 270 shares during the period. Geode Capital Management LLC raised its stake in shares of Upstart by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,816,774 shares of the company’s stock valued at $72,702,000 after acquiring an additional 29,482 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in Upstart in the 3rd quarter valued at approximately $430,000. Finally, MML Investors Services LLC grew its stake in shares of Upstart by 7.7% in the third quarter. MML Investors Services LLC now owns 43,912 shares of the company’s stock valued at $1,757,000 after buying an additional 3,133 shares in the last quarter. 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.