Natalia Mirgorodskaya Sells 2,080 Shares of Upstart Holdings, Inc. (NASDAQ:UPST) Stock

Upstart Holdings, Inc. (NASDAQ:UPST) insider Natalia Mirgorodskaya sold 2,080 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $40.02, for a total transaction of $83,241.60. Following the completion of the transaction, the insider now owns 22,477 shares in the company, valued at $899,529.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Natalia Mirgorodskaya also recently made the following trade(s):

• On Tuesday, August 20th, Natalia Mirgorodskaya sold 1,264 shares of Upstart stock. The shares were sold at an average price of $38.36, for a total transaction of $48,487.04.

Upstart Stock Performance

Shares of NASDAQ UPST traded up $0.96 during midday trading on Tuesday, hitting $44.11. 6,012,027 shares of the company’s stock traded hands, compared to its average volume of 6,510,102. Upstart Holdings, Inc. has a 1 year low of $19.84 and a 1 year high of $49.62. The stock has a market capitalization of $3.95 billion, a price-to-earnings ratio of -21.41 and a beta of 1.97. The firm has a fifty day moving average of $28.66 and a 200 day moving average of $26.38.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in UPST. Vanguard Group Inc. boosted its stake in Upstart by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 7,128,975 shares of the company’s stock worth $191,698,000 after purchasing an additional 115,057 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Upstart by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 573,176 shares of the company’s stock valued at $23,420,000 after acquiring an additional 17,463 shares during the last quarter. Norges Bank bought a new position in shares of Upstart during the 4th quarter valued at approximately $19,017,000. Liontrust Investment Partners LLP boosted its position in shares of Upstart by 26.1% during the 2nd quarter. Liontrust Investment Partners LLP now owns 290,000 shares of the company’s stock valued at $6,841,000 after acquiring an additional 60,000 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Upstart by 15.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 272,430 shares of the company’s stock valued at $6,427,000 after buying an additional 36,206 shares during the period. 63.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on UPST shares. Barclays raised their target price on shares of Upstart from $25.00 to $35.00 and gave the company an “equal weight” rating in a research note on Monday, August 12th. Redburn Atlantic raised shares of Upstart from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $22.50 to $25.50 in a research note on Tuesday, June 4th. Piper Sandler lifted their price target on shares of Upstart from $28.00 to $31.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Citigroup raised shares of Upstart from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $15.00 to $33.00 in a research note on Wednesday, August 7th. Finally, BTIG Research began coverage on shares of Upstart in a report on Friday, June 7th. They set a “sell” rating and a $14.00 target price on the stock. 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 currently has a consensus rating of “Hold” and an average price target of $26.75.

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.