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 business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $34.85, for a total value of $52,275.00. Following the completion of the sale, the chief financial officer now owns 344,593 shares in the company, valued at approximately $12,009,066.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Tuesday, September 3rd, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $41.77, for a total transaction 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 transaction 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 shares were 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 value of $27,800.00.
• On Monday, July 8th, Sanjay Datta sold 1,000 shares of Upstart stock. The shares were 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 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.

Upstart Trading Up 4.4 %

UPST stock traded up $1.48 during trading hours on Wednesday, hitting $35.14. 4,715,647 shares of the stock were exchanged, compared to its average volume of 6,465,996. Upstart Holdings, Inc. has a 12 month low of $19.84 and a 12 month high of $49.62. The firm has a market capitalization of $3.09 billion, a P/E ratio of -17.06 and a beta of 2.02. The company has a 50-day simple moving average of $32.46 and a two-hundred day simple moving average of $27.29.

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

Hedge Funds Weigh In On Upstart

A number of hedge funds have recently added to or reduced their stakes in UPST. Anfield Capital Management LLC bought a new stake in shares of Upstart during the 2nd quarter valued at $33,000. BOCHK Asset Management Ltd acquired a new position in Upstart in the fourth quarter valued at about $61,000. Benjamin F. Edwards & Company Inc. lifted its position in Upstart by 80.6% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,743 shares of the company’s stock worth $47,000 after purchasing an additional 778 shares during the period. GAMMA Investing LLC lifted its position in Upstart by 259.0% during the second quarter. GAMMA Investing LLC now owns 2,204 shares of the company’s stock worth $52,000 after purchasing an additional 1,590 shares during the period. Finally, Comerica Bank grew its stake in Upstart by 144.0% during the first quarter. Comerica Bank now owns 2,313 shares of the company’s stock worth $62,000 after buying an additional 1,365 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Upstart in a report on Thursday, August 8th. Barclays raised their price objective on Upstart from $25.00 to $35.00 and gave the company an “equal weight” rating in a research report on Monday, August 12th. Wedbush reissued an “underperform” rating and set a $10.00 target price on shares of Upstart in a report on Wednesday, August 7th. JPMorgan Chase & Co. raised their price target on Upstart from $27.00 to $30.00 and gave the company an “underweight” rating in a report on Tuesday, August 20th. Finally, Piper Sandler lifted their price objective on shares of Upstart from $28.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Upstart has a consensus rating of “Hold” and an average price target of $26.75.

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.