Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sells $119,310.00 in Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sanjay Datta sold 1,500 shares of Upstart stock in a transaction on Monday, November 11th. The stock was sold at an average price of $79.54, for a total transaction of $119,310.00. Following the sale, the chief financial officer now owns 331,093 shares in the company, valued at $26,335,137.22. This represents a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Sanjay Datta also recently made the following trade(s):

• On Monday, October 28th, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $51.70, for a total value of $77,550.00.
• On Monday, October 21st, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $53.81, for a total transaction of $80,715.00.
• On Monday, October 14th, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $48.68, for a total value of $73,020.00.
• On Monday, October 7th, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $41.29, for a total value of $61,935.00.
• On Monday, September 23rd, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $40.00, for a total transaction of $60,000.00.
• On Monday, September 16th, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $34.42, for a total transaction of $51,630.00.
• On Monday, September 9th, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $34.85, for a total value of $52,275.00.
• On Tuesday, September 3rd, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $41.77, for a total value of $62,655.00.
• On Monday, August 19th, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $37.00, for a total value of $55,500.00.

Upstart Stock Performance

UPST opened at $68.36 on Friday. The stock has a market capitalization of $6.24 billion, a PE ratio of -35.42 and a beta of 1.97. Upstart Holdings, Inc. has a 1 year low of $20.60 and a 1 year high of $86.07. The company’s 50 day simple moving average is $47.85 and its 200 day simple moving average is $35.03.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in UPST. Anfield Capital Management LLC acquired a new position in shares of Upstart in the 2nd quarter valued at about $33,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Upstart during the 3rd quarter valued at $35,000. BNP Paribas acquired a new stake in Upstart in the 3rd quarter valued at $37,000. Blue Trust Inc. lifted its stake in shares of Upstart by 125.3% during the third quarter. Blue Trust Inc. now owns 989 shares of the company’s stock worth $40,000 after purchasing an additional 550 shares in the last quarter. Finally, Hollencrest Capital Management purchased a new stake in shares of Upstart in the third quarter worth about $40,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on UPST shares. Wedbush raised their price objective on shares of Upstart from $45.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Piper Sandler upgraded shares of Upstart from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $31.00 to $85.00 in a research report on Friday, November 8th. Mizuho upped their price target on Upstart from $33.00 to $48.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. BTIG Research upgraded Upstart from a “sell” rating to a “neutral” rating in a research report on Monday, November 11th. Finally, Barclays raised their price target on Upstart from $25.00 to $35.00 and gave the company an “equal weight” rating in a research report on Monday, August 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average 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.