Upstart Holdings, Inc. (NASDAQ:UPST) Insider Scott Darling Sells 6,200 Shares

Upstart Holdings, Inc. (NASDAQ:UPST) insider Scott Darling sold 6,200 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $39.67, for a total transaction of $245,954.00. Following the completion of the sale, the insider now owns 161,043 shares of the company’s stock, valued at $6,388,575.81. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Scott Darling also recently made the following trade(s):

• On Friday, September 6th, Scott Darling sold 7,190 shares of Upstart stock. The stock was sold at an average price of $39.15, for a total transaction of $281,464.77.
• On Monday, August 19th, Scott Darling sold 24,000 shares of Upstart stock. The shares were sold at an average price of $40.00, for a total value of $960,000.00.
• On Thursday, August 29th, Scott Darling sold 9,000 shares of Upstart stock. The stock was sold at an average price of $45.00, for a total value of $405,000.00.

Upstart Stock Up 6.1 %

UPST stock opened at $41.30 on Friday. The firm has a market cap of $3.70 billion, a PE ratio of -20.05 and a beta of 2.01. The business has a 50 day moving average of $36.27 and a 200-day moving average of $28.73. Upstart Holdings, Inc. has a 12-month low of $19.84 and a 12-month high of $49.62.

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

Institutional Trading of Upstart

A number of large investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. grew its position in shares of Upstart by 12.2% during the 4th quarter. Principal Financial Group Inc. now owns 8,450 shares of the company’s stock valued at $345,000 after acquiring an additional 916 shares during the period. Hsbc Holdings PLC increased its position in Upstart by 8.2% in the fourth quarter. Hsbc Holdings PLC now owns 29,535 shares of the company’s stock worth $1,205,000 after buying an additional 2,226 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Upstart by 7,265.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 72,181 shares of the company’s stock valued at $2,949,000 after buying an additional 71,201 shares during the last quarter. Sierra Summit Advisors LLC purchased a new position in shares of Upstart during the 4th quarter valued at $272,000. Finally, Vanguard Group Inc. grew its stake in shares of Upstart by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 7,013,918 shares of the company’s stock worth $286,589,000 after acquiring an additional 157,719 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Analyst Upgrades and Downgrades

UPST has been the topic of a number of research reports. BTIG Research assumed coverage on Upstart in a research report on Friday, June 7th. They set a “sell” rating and a $14.00 target price on the stock. Barclays upped their price objective on shares of Upstart from $25.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, August 12th. Citigroup upgraded shares of Upstart from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $15.00 to $33.00 in a report on Wednesday, August 7th. Mizuho upped their target price on shares of Upstart from $33.00 to $48.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. Finally, Wedbush reiterated an “underperform” rating and set a $10.00 price target on shares of Upstart in a research note on Wednesday, August 7th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $27.61.

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.