Insider Selling: Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sells $20,980.00 in Stock

Posted by Don Miller on Aug 10th, 2024

Upstart Holdings, Inc. (NASDAQ:UPST – Get Free Report) CFO Sanjay Datta sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $20.98, for a total value of $20,980.00. Following the sale, the chief financial officer now owns 371,398 shares of the company’s stock, valued at approximately $7,791,930.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

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 value of $26,310.00.
On Monday, July 22nd, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $28.15, for a total value of $28,150.00.
On Monday, July 15th, Sanjay Datta sold 1,000 shares of Upstart stock. The shares were sold at an average price of $27.80, for a total transaction 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 transaction of $23,410.00.
On Monday, July 1st, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was 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 shares were sold at an average price of $21.68, for a total transaction of $21,680.00.
On Monday, June 3rd, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $25.49, for a total value of $25,490.00.
On Tuesday, May 28th, Sanjay Datta sold 1,000 shares of Upstart stock. The shares were sold at an average price of $23.71, for a total value of $23,710.00.
On Monday, May 20th, Sanjay Datta sold 18,138 shares of Upstart stock. The stock was sold at an average price of $25.61, for a total value of $464,514.18.

Upstart Price Performance

Shares of NASDAQ UPST traded up $2.04 during mid-day trading on Friday, hitting $36.25. 17,062,470 shares of the stock traded hands, compared to its average volume of 6,434,901. Upstart Holdings, Inc. has a twelve month low of $19.84 and a twelve month high of $49.62. The firm has a 50 day simple moving average of $25.50 and a two-hundred day simple moving average of $26.06. The company has a market cap of $3.19 billion, a PE ratio of -17.60 and a beta of 1.97.

Upstart (NASDAQ:UPST – Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.17) EPS for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.22. Upstart had a negative return on equity of 31.57% and a negative net margin of 38.05%. The firm had revenue of $127.63 million for the quarter, compared to analyst estimates of $124.55 million. During the same period last year, the firm posted ($0.34) earnings per share. The business’s revenue for the quarter was down 6.0% on a year-over-year basis. On average, equities research analysts anticipate that Upstart Holdings, Inc. will post -2.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Redburn Atlantic raised Upstart from a “sell” rating to a “neutral” rating and boosted their price target for the company from $22.50 to $25.50 in a research note on Tuesday, June 4th. Citigroup raised shares of Upstart from a “sell” rating to a “neutral” rating and upped their price target for the stock from $15.00 to $33.00 in a report on Wednesday. Needham & Company LLC reissued a “hold” rating on shares of Upstart in a research note on Thursday. JPMorgan Chase & Co. upped their target price on Upstart from $24.00 to $27.00 and gave the stock an “underweight” rating in a research note on Wednesday. Finally, Wedbush reiterated an “underperform” rating and issued a $10.00 price target on shares of Upstart in a research note on Wednesday. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Upstart has a consensus rating of “Hold” and an average target price of $24.50.

View Our Latest Stock Analysis on UPST

Institutional Investors Weigh In On Upstart

A number of institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC acquired a new position in shares of Upstart during the fourth quarter worth $25,000. Anfield Capital Management LLC acquired a new stake in shares of Upstart in the second quarter valued at about $33,000. Benjamin F. Edwards & Company Inc. increased its stake in shares of Upstart by 80.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,743 shares of the company’s stock valued at $47,000 after buying an additional 778 shares during the period. Strs Ohio acquired a new position in shares of Upstart in the fourth quarter worth approximately $57,000. Finally, ICA Group Wealth Management LLC bought a new stake in Upstart in the fourth quarter valued at approximately $61,000. 63.01% of the stock is owned by institutional investors.

About Upstart

(Get Free Report)

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.