Upstart Holdings, Inc. (NASDAQ:UPST) CEO Dave Girouard Sells 41,667 Shares

Upstart Holdings, Inc. (NASDAQ:UPST) CEO Dave Girouard sold 41,667 shares of Upstart stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $62.60, for a total transaction of $2,608,354.20. Following the sale, the chief executive officer now owns 57,138 shares of the company’s stock, valued at approximately $3,576,838.80. The trade was a 42.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Dave Girouard also recently made the following trade(s):

• On Wednesday, November 20th, Dave Girouard sold 4,374 shares of Upstart stock. The stock was sold at an average price of $69.79, for a total value of $305,261.46.
• On Friday, November 15th, Dave Girouard sold 41,667 shares of Upstart stock. The stock was sold at an average price of $65.41, for a total value of $2,725,438.47.
• On Friday, November 8th, Dave Girouard sold 41,667 shares of Upstart stock. The shares were sold at an average price of $65.15, for a total value of $2,714,605.05.

Upstart Trading Down 2.4 %

Shares of NASDAQ:UPST opened at $62.96 on Monday. The firm has a market cap of $5.74 billion, a price-to-earnings ratio of -32.62 and a beta of 2.26. The stock’s 50-day moving average price is $69.84 and its two-hundred day moving average price is $49.48. Upstart Holdings, Inc. has a 12-month low of $20.60 and a 12-month high of $88.95.

Wall Street Analyst Weigh In

UPST has been the topic of a number of research reports. JPMorgan Chase & Co. cut shares of Upstart from a “neutral” rating to an “underweight” rating and increased their price objective for the company from $45.00 to $57.00 in a research note on Monday, December 2nd. Citigroup upgraded shares of Upstart from a “neutral” rating to a “buy” rating and increased their price target for the company from $56.00 to $87.00 in a research report on Friday, November 8th. Needham & Company LLC upgraded Upstart from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a research report on Friday, December 13th. Redburn Atlantic upgraded Upstart from a “neutral” rating to a “buy” rating and increased their target price for the company from $37.00 to $95.00 in a report on Tuesday, December 3rd. Finally, Piper Sandler upgraded 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 report on Friday, November 8th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $61.80.

Institutional Investors Weigh In On Upstart

Hedge funds have recently modified their holdings of the stock. Rhumbline Advisers raised its stake in Upstart by 6.9% during the second quarter. Rhumbline Advisers now owns 113,697 shares of the company’s stock worth $2,682,000 after purchasing an additional 7,386 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings in shares of Upstart by 9.6% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 27,049 shares of the company’s stock worth $635,000 after buying an additional 2,370 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of Upstart by 96.2% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,420 shares of the company’s stock worth $81,000 after buying an additional 1,677 shares during the period. ProShare Advisors LLC boosted its holdings in Upstart by 49.1% in the second quarter. ProShare Advisors LLC now owns 19,894 shares of the company’s stock valued at $469,000 after acquiring an additional 6,552 shares during the last quarter. Finally, Millennium Management LLC grew its position in Upstart by 1,792.9% during the second quarter. Millennium Management LLC now owns 262,396 shares of the company’s stock valued at $6,190,000 after acquiring an additional 277,896 shares during the period. 63.01% of the stock is owned by institutional investors and hedge funds.

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.