Upstart Holdings, Inc. (NASDAQ:UPST) Insider Natalia Mirgorodskaya Sells 1,511 Shares

Upstart Holdings, Inc. (NASDAQ:UPST) insider Natalia Mirgorodskaya sold 1,511 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $69.85, for a total value of $105,543.35. Following the completion of the sale, the insider now directly owns 20,007 shares of the company’s stock, valued at approximately $1,397,488.95. The trade was a 7.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Natalia Mirgorodskaya also recently made the following trade(s):

• On Tuesday, September 3rd, Natalia Mirgorodskaya sold 5,000 shares of Upstart stock. The shares were sold at an average price of $41.03, for a total value of $205,150.00.

Upstart Stock Performance

Shares of NASDAQ UPST opened at $74.06 on Monday. The business has a fifty day simple moving average of $51.40 and a 200 day simple moving average of $36.86. Upstart Holdings, Inc. has a one year low of $20.60 and a one year high of $86.07.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of UPST. Fred Alger Management LLC raised its stake in shares of Upstart by 153.2% in the third quarter. Fred Alger Management LLC now owns 1,246,839 shares of the company’s stock valued at $49,886,000 after purchasing an additional 754,416 shares in the last quarter. Two Sigma Advisers LP raised its stake in Upstart by 689.5% during the third quarter. Two Sigma Advisers LP now owns 589,000 shares of the company’s stock worth $23,566,000 after acquiring an additional 514,400 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Upstart by 63.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 725,582 shares of the company’s stock worth $29,031,000 after acquiring an additional 282,481 shares in the last quarter. Millennium Management LLC raised its stake in Upstart by 1,792.9% during the second quarter. Millennium Management LLC now owns 262,396 shares of the company’s stock worth $6,190,000 after acquiring an additional 277,896 shares in the last quarter. Finally, International Assets Investment Management LLC raised its stake in Upstart by 4,087.8% during the third quarter. International Assets Investment Management LLC now owns 233,258 shares of the company’s stock worth $9,333,000 after acquiring an additional 227,688 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on UPST shares. Wedbush upped their target price on Upstart from $45.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Barclays upped their target price on Upstart from $25.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. BTIG Research raised Upstart from a “sell” rating to a “neutral” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. raised Upstart from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $30.00 to $45.00 in a research report on Friday, November 8th. Finally, Mizuho upped their target price on Upstart from $33.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target 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.