Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sanjay Datta Sells 1,500 Shares of Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sanjay Datta sold 1,500 shares of Upstart stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $68.56, for a total transaction of $102,840.00. Following the sale, the chief financial officer now owns 329,593 shares of the company’s stock, valued at approximately $22,596,896.08. This represents a 0.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, November 11th, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $79.54, for a total transaction of $119,310.00.
• 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 transaction 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 value of $80,715.00.
• On Monday, October 14th, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were 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 shares were 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.

Upstart Trading Down 1.0 %

Upstart stock opened at $70.40 on Thursday. The company has a market capitalization of $6.42 billion, a price-to-earnings ratio of -36.48 and a beta of 1.97. The stock’s 50 day moving average is $49.96 and its 200-day moving average is $36.10. Upstart Holdings, Inc. has a 12 month low of $20.60 and a 12 month high of $86.07.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in Upstart in the 3rd quarter valued at $35,000. BNP Paribas acquired a new stake in shares of Upstart in the 3rd quarter valued at approximately $37,000. Blue Trust Inc. grew 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 buying an additional 550 shares during the last quarter. Hollencrest Capital Management bought a new stake in Upstart during the 3rd quarter worth $40,000. Finally, Indiana Trust & Investment Management Co bought a new stake in shares of Upstart during the third quarter worth about $43,000. Institutional investors own 63.01% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. BTIG Research raised shares of Upstart from a “sell” rating to a “neutral” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. upgraded shares of Upstart from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $30.00 to $45.00 in a research note on Friday, November 8th. Citigroup upgraded shares of Upstart from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $56.00 to $87.00 in a research note on Friday, November 8th. Wedbush lifted their target price on Upstart from $45.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, Mizuho boosted their target price on shares of Upstart from $33.00 to $48.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, 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.