Insider Selling: Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sells 1,000 Shares of Stock
Upstart Holdings, Inc. (NASDAQ:UPST – Get Free Report) CFO Sanjay Datta sold 1,000 shares of Upstart stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $31.51, for a total transaction of $31,510.00. Following the transaction, the chief financial officer now directly owns 364,090 shares in the company, valued at $11,472,475.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Sanjay Datta also recently made the following trade(s):
On Monday, November 27th, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $23.80, for a total transaction of $23,800.00. On Monday, November 6th, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $31.00, for a total transaction of $31,000.00. On Monday, October 30th, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $23.73, for a total transaction of $23,730.00. On Monday, October 23rd, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $23.97, for a total transaction of $23,970.00. On Monday, October 16th, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $27.35, for a total transaction of $27,350.00. On Monday, October 9th, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $26.73, for a total transaction of $26,730.00. On Monday, October 2nd, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $28.74, for a total transaction of $28,740.00. On Monday, September 18th, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $29.50, for a total transaction of $29,500.00. On Monday, September 11th, Sanjay Datta sold 1,000 shares of Upstart stock. The shares were sold at an average price of $31.09, for a total transaction of $31,090.00. Upstart Stock Performance
Shares of UPST traded up $1.12 during mid-day trading on Wednesday, hitting $34.16. 16,547,791 shares of the stock were exchanged, compared to its average volume of 7,941,293. The company has a market cap of $2.91 billion, a PE ratio of -12.00 and a beta of 1.98. Upstart Holdings, Inc. has a 52-week low of $11.93 and a 52-week high of $72.58. The firm has a 50-day moving average of $26.26 and a two-hundred day moving average of $33.61.
Upstart (NASDAQ:UPST – Get Free Report) last issued its quarterly earnings results on Tuesday, November 7th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.04). The company had revenue of $134.56 million during the quarter, compared to the consensus estimate of $139.69 million. Upstart had a negative return on equity of 36.84% and a negative net margin of 48.64%. On average, sell-side analysts predict that Upstart Holdings, Inc. will post -2.73 EPS for the current year.
Institutional Trading of Upstart
Several institutional investors and hedge funds have recently made changes to their positions in the business. Bank Julius Baer & Co. Ltd Zurich increased its stake in shares of Upstart by 104,187.2% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 50,939,090 shares of the company’s stock valued at $1,824,129,000 after buying an additional 50,890,245 shares during the period. Norges Bank purchased a new position in shares of Upstart during the fourth quarter valued at $11,225,000. Vanguard Group Inc. increased its stake in shares of Upstart by 16.9% during the first quarter. Vanguard Group Inc. now owns 5,822,210 shares of the company’s stock valued at $635,145,000 after buying an additional 840,668 shares during the period. Morgan Stanley grew its stake in Upstart by 65.6% in the third quarter. Morgan Stanley now owns 1,914,933 shares of the company’s stock valued at $54,652,000 after purchasing an additional 758,669 shares during the last quarter. Finally, Barclays PLC grew its stake in Upstart by 128.9% in the second quarter. Barclays PLC now owns 104,898 shares of the company’s stock valued at $3,756,000 after purchasing an additional 468,235 shares during the last quarter. 42.50% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of brokerages have recently commented on UPST. Piper Sandler dropped their target price on shares of Upstart from $35.00 to $27.00 and set a “neutral” rating on the stock in a report on Wednesday, November 8th. JPMorgan Chase & Co. lowered their price target on Upstart from $28.00 to $26.00 and set an “underweight” rating for the company in a research report on Wednesday, November 8th. BTIG Research lowered their price target on Upstart from $72.00 to $64.00 in a research report on Wednesday, August 9th. Wedbush reaffirmed an “underperform” rating and issued a $10.00 price target on shares of Upstart in a research report on Wednesday, November 8th. Finally, Barclays lifted their price target on Upstart from $17.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Monday, August 14th. Five equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $25.09.
Read Our Latest Stock Analysis on UPST
About Upstart (Get Free Report)
Upstart Holdings, Inc, together with its subsidiaries, operates a cloud-based artificial intelligence (AI) lending platform in the United States. Its platform aggregates consumer demand for loans and connects it to its network of the company’s AI-enabled bank and credit union partners. The company was founded in 2012 and is headquartered in San Mateo, California.
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