Natalia Mirgorodskaya Sells 1,511 Shares of Upstart Holdings, Inc. (NASDAQ:UPST) Stock

Upstart Holdings, Inc. (NASDAQ:UPST) insider Natalia Mirgorodskaya sold 1,511 shares of Upstart stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $69.85, for a total value of $105,543.35. Following the transaction, the insider now owns 20,007 shares of the company’s stock, valued at $1,397,488.95. This trade represents a 7.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Tuesday, September 3rd, Natalia Mirgorodskaya sold 5,000 shares of Upstart stock. The shares were sold at an average price of $41.03, for a total value of $205,150.00.

Upstart Stock Up 3.7 %

UPST traded up $2.63 during trading on Friday, reaching $74.06. 5,640,937 shares of the company were exchanged, compared to its average volume of 6,890,969. Upstart Holdings, Inc. has a 12-month low of $20.60 and a 12-month high of $86.07. The company’s 50-day moving average is $50.68 and its two-hundred day moving average is $36.34. The company has a market cap of $6.76 billion, a price-to-earnings ratio of -38.37 and a beta of 1.97.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Anfield Capital Management LLC bought a new stake in Upstart during the second quarter valued at $33,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Upstart in the 3rd quarter valued at about $35,000. BNP Paribas purchased a new stake in shares of Upstart during the 3rd quarter valued at $37,000. Blue Trust Inc. lifted its holdings in shares of Upstart by 125.3% during the 3rd quarter. Blue Trust Inc. now owns 989 shares of the company’s stock worth $40,000 after acquiring an additional 550 shares during the last quarter. Finally, Hollencrest Capital Management purchased a new stake in Upstart during the third quarter valued at about $40,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Barclays raised their price target on shares of Upstart from $25.00 to $35.00 and gave the company an “equal weight” rating in a research report on Monday, August 12th. Mizuho boosted their target price on Upstart from $33.00 to $48.00 and gave the stock an “outperform” rating in a research note on Friday, September 20th. Piper Sandler raised Upstart from a “neutral” rating to an “overweight” rating and increased their price target for the company from $31.00 to $85.00 in a research report on Friday, November 8th. Needham & Company LLC reissued a “hold” rating on shares of Upstart in a research report on Thursday, August 8th. Finally, BTIG Research upgraded Upstart from a “sell” rating to a “neutral” rating in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $46.83.

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.