Insider Selling: Upstart Holdings, Inc. (NASDAQ:UPST) Insider Sells 794 Shares of Stock

Upstart Holdings, Inc. (NASDAQ:UPST) insider Natalia Mirgorodskaya sold 794 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $79.02, for a total value of $62,741.88. Following the completion of the sale, the insider now directly owns 21,985 shares in the company, valued at approximately $1,737,254.70. The trade was a 3.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Upstart Stock Down 1.8 %

UPST traded down $1.27 during trading on Monday, reaching $70.50. 6,208,159 shares of the company’s stock were exchanged, compared to its average volume of 6,277,000. The business has a 50 day moving average price of $68.36 and a 200 day moving average price of $57.54. The company has a market capitalization of $6.61 billion, a P/E ratio of -48.29 and a beta of 2.25. Upstart Holdings, Inc. has a fifty-two week low of $20.60 and a fifty-two week high of $96.43.

Upstart (NASDAQ:UPST) last issued its earnings results on Tuesday, February 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. Upstart had a negative return on equity of 25.87% and a negative net margin of 20.20%. As a group, research analysts forecast that Upstart Holdings, Inc. will post -0.03 EPS for the current year.

Institutional Investors Weigh In On Upstart

Several large investors have recently made changes to their positions in UPST. Rakuten Securities Inc. bought a new position in Upstart during the 4th quarter valued at about $31,000. Virtus Fund Advisers LLC acquired a new stake in shares of Upstart during the fourth quarter worth approximately $32,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Upstart in the third quarter valued at approximately $35,000. BNP Paribas acquired a new position in shares of Upstart in the 3rd quarter worth approximately $37,000. Finally, Hollencrest Capital Management bought a new stake in Upstart during the 3rd quarter worth approximately $40,000. Institutional investors own 63.01% of the company’s stock.

Wall Street Analyst Weigh In

UPST has been the topic of a number of analyst reports. JPMorgan Chase & Co. upgraded shares of Upstart from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $57.00 to $79.00 in a research report on Wednesday, February 12th. Barclays raised their price objective on Upstart from $80.00 to $93.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 18th. Wedbush lifted their price objective on Upstart from $60.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, December 2nd. Morgan Stanley upgraded Upstart from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $12.00 to $70.00 in a research report on Friday, February 14th. Finally, The Goldman Sachs Group lifted their price target on Upstart from $13.50 to $15.00 and gave the company a “sell” rating in a report on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Upstart currently has a consensus rating of “Hold” and a consensus price target of $73.38.

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.