Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sanjay Datta Sells 1,000 Shares of Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sanjay Datta sold 1,000 shares of Upstart stock in a transaction on Monday, July 29th. The shares were sold at an average price of $26.31, for a total value of $26,310.00. Following the completion of the sale, the chief financial officer now owns 372,398 shares in the company, valued at approximately $9,797,791.38. The transaction 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 22nd, Sanjay Datta sold 1,000 shares of Upstart stock. The shares were 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 stock was 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 stock was 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 value of $23,630.00.
• On Monday, June 24th, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $21.68, for a total value of $21,680.00.
• On Monday, June 3rd, Sanjay Datta sold 1,000 shares of Upstart stock. The shares were 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 shares were sold at an average price of $25.61, for a total value of $464,514.18.

Upstart Stock Performance

UPST stock opened at $27.93 on Thursday. Upstart Holdings, Inc. has a 52-week low of $19.84 and a 52-week high of $72.58. The stock’s fifty day simple moving average is $24.80 and its 200-day simple moving average is $26.19.

Upstart (NASDAQ:UPST) last posted its quarterly earnings data on Tuesday, May 7th. The company reported ($0.74) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.80) by $0.06. Upstart had a negative return on equity of 27.89% and a negative net margin of 32.59%. The business had revenue of $127.79 million for the quarter, compared to analysts’ expectations of $124.82 million. Equities research analysts predict that Upstart Holdings, Inc. will post -2.7 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on the company. Bank of America assumed coverage on Upstart in a research note on Thursday, April 4th. They set an “underperform” rating and a $22.00 price objective for the company. Wedbush reissued an “underperform” rating and set a $10.00 target price on shares of Upstart in a research note on Wednesday, May 8th. BTIG Research assumed coverage on Upstart in a research note on Friday, June 7th. They set a “sell” rating and a $14.00 target price for the company. JMP Securities reissued a “market perform” rating on shares of Upstart in a research note on Wednesday, April 17th. Finally, Redburn Atlantic raised Upstart from a “sell” rating to a “neutral” rating and raised their price objective for the company from $22.50 to $25.50 in a research note on Tuesday, June 4th. Five analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $23.05.

Institutional Investors Weigh In On Upstart

Several hedge funds have recently made changes to their positions in the business. Anfield Capital Management LLC acquired a new stake in shares of Upstart during the second quarter worth $33,000. International Assets Investment Management LLC purchased a new position in shares of Upstart in the 2nd quarter worth $131,000. Principal Financial Group Inc. raised its position in shares of Upstart by 4.2% in the 2nd quarter. Principal Financial Group Inc. now owns 10,405 shares of the company’s stock worth $245,000 after buying an additional 422 shares during the period. EMC Capital Management raised its position in shares of Upstart by 46.5% in the 2nd quarter. EMC Capital Management now owns 6,300 shares of the company’s stock worth $145,000 after buying an additional 2,000 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Upstart by 7.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,484 shares of the company’s stock worth $389,000 after buying an additional 1,084 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

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.