Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sells $1,299,978.58 in Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sanjay Datta sold 18,619 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $69.82, for a total transaction of $1,299,978.58. Following the completion of the transaction, the chief financial officer now owns 310,974 shares of the company’s stock, valued at $21,712,204.68. This represents a 5.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, November 18th, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $68.56, for a total transaction of $102,840.00.
• On Monday, November 11th, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $79.54, for a total value of $119,310.00.
• On Monday, October 28th, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $51.70, for a total value of $77,550.00.
• On Monday, October 21st, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $53.81, for a total value of $80,715.00.
• On Monday, October 14th, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $48.68, for a total value of $73,020.00.
• On Monday, October 7th, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $41.29, for a total transaction of $61,935.00.
• On Monday, September 23rd, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $40.00, for a total transaction of $60,000.00.
• On Monday, September 16th, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $34.42, for a total transaction of $51,630.00.
• On Monday, September 9th, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $34.85, for a total transaction of $52,275.00.
• 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.

Upstart Price Performance

Shares of UPST opened at $74.06 on Friday. The business’s 50-day moving average is $51.40 and its 200-day moving average is $36.77. The company has a market capitalization of $6.76 billion, a price-to-earnings ratio of -38.37 and a beta of 1.97. Upstart Holdings, Inc. has a fifty-two week low of $20.60 and a fifty-two week high of $86.07.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Synergy Financial Group LTD acquired a new stake in shares of Upstart during the 3rd quarter valued at $258,000. Orion Capital Management LLC raised its holdings in shares of 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 acquiring an additional 270 shares in the last quarter. Geode Capital Management LLC boosted its position in Upstart by 1.6% during the third quarter. Geode Capital Management LLC now owns 1,816,774 shares of the company’s stock valued at $72,702,000 after purchasing an additional 29,482 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Upstart in the third quarter valued at about $430,000. Finally, MML Investors Services LLC increased its position in Upstart by 7.7% in the 3rd quarter. MML Investors Services LLC now owns 43,912 shares of the company’s stock worth $1,757,000 after purchasing an additional 3,133 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Analyst Upgrades and Downgrades

UPST has been the topic of a number of recent research reports. Citigroup upgraded Upstart from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $56.00 to $87.00 in a report on Friday, November 8th. Mizuho lifted their price target on Upstart from $33.00 to $48.00 and gave the stock an “outperform” rating in a research note on Friday, September 20th. Piper Sandler raised shares of Upstart from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $31.00 to $85.00 in a research note on Friday, November 8th. BTIG Research upgraded shares of Upstart from a “sell” rating to a “neutral” rating in a report on Monday, November 11th. Finally, Needham & Company LLC restated a “hold” rating on shares of Upstart in a report on Thursday, August 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 stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $46.83.

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.