Insider Selling: Upstart Holdings, Inc. (NASDAQ:UPST) CTO Sells 58,786 Shares of Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CTO Paul Gu sold 58,786 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $75.93, for a total value of $4,463,620.98. Following the completion of the transaction, the chief technology officer now owns 863,065 shares in the company, valued at $65,532,525.45. This represents a 6.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Paul Gu also recently made the following trade(s):

• On Thursday, November 21st, Paul Gu sold 21,214 shares of Upstart stock. The shares were sold at an average price of $75.03, for a total transaction of $1,591,686.42.
• On Friday, November 15th, Paul Gu sold 65,000 shares of Upstart stock. The stock was sold at an average price of $66.58, for a total transaction of $4,327,700.00.
• On Monday, October 14th, Paul Gu sold 20,000 shares of Upstart stock. The shares were sold at an average price of $50.26, for a total value of $1,005,200.00.
• On Friday, October 4th, Paul Gu sold 8,800 shares of Upstart stock. The stock was sold at an average price of $40.10, for a total value of $352,880.00.
• On Tuesday, October 1st, Paul Gu sold 36,200 shares of Upstart stock. The shares were sold at an average price of $39.22, for a total value of $1,419,764.00.
• On Tuesday, September 3rd, Paul Gu sold 45,000 shares of Upstart stock. The shares were sold at an average price of $40.86, for a total transaction of $1,838,700.00.

Upstart Price Performance

UPST opened at $78.43 on Thursday. The company has a market capitalization of $7.16 billion, a P/E ratio of -40.64 and a beta of 1.97. The firm’s fifty day moving average price is $53.91 and its two-hundred day moving average price is $37.90. Upstart Holdings, Inc. has a fifty-two week low of $20.60 and a fifty-two week high of $86.07.

Hedge Funds Weigh In On Upstart

Hedge funds and other institutional investors have recently made changes to their positions in the business. Orion Capital Management LLC lifted its stake in Upstart by 5.1% during the third quarter. Orion Capital Management LLC now owns 5,560 shares of the company’s stock worth $222,000 after purchasing an additional 270 shares during the period. Atomi Financial Group Inc. lifted its holdings in Upstart by 0.7% during the 2nd quarter. Atomi Financial Group Inc. now owns 59,009 shares of the company’s stock valued at $1,392,000 after purchasing an additional 406 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in Upstart by 18.2% in the second quarter. Daiwa Securities Group Inc. now owns 2,657 shares of the company’s stock valued at $63,000 after buying an additional 409 shares in the last quarter. Principal Financial Group Inc. grew its stake in Upstart by 4.2% during the second 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 last quarter. Finally, Inspire Advisors LLC increased its holdings in shares of Upstart by 3.0% during the second quarter. Inspire Advisors LLC now owns 16,623 shares of the company’s stock worth $392,000 after buying an additional 480 shares in the last quarter. 63.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

UPST has been the topic of several analyst reports. BTIG Research upgraded shares of Upstart from a “sell” rating to a “neutral” rating in a research note on Monday, November 11th. Mizuho raised their price objective on Upstart from $33.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, September 20th. Needham & Company LLC reaffirmed a “hold” rating on shares of Upstart in a research report on Thursday, August 8th. JPMorgan Chase & Co. upgraded shares of Upstart from an “underweight” rating to a “neutral” rating and raised their target price for the company from $30.00 to $45.00 in a research note on Friday, November 8th. Finally, Barclays raised their target price on Upstart from $25.00 to $35.00 and gave the company an “equal weight” rating in a report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price 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.