Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sells $21,680.00 in Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sanjay Datta sold 1,000 shares of Upstart stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $21.68, for a total value of $21,680.00. Following the completion of the transaction, the chief financial officer now directly owns 377,398 shares in the company, valued at $8,181,988.64. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Monday, June 3rd, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $25.49, for a total value of $25,490.00.
• On Tuesday, May 28th, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $23.71, for a total value of $23,710.00.
• On Monday, May 20th, Sanjay Datta sold 18,138 shares of Upstart stock. The stock was sold at an average price of $25.61, for a total value of $464,514.18.

Upstart Price Performance

Upstart stock traded up $0.44 during mid-day trading on Wednesday, reaching $23.00. 3,139,563 shares of the stock traded hands, compared to its average volume of 6,161,336. The stock has a market capitalization of $2.02 billion, a PE ratio of -11.25 and a beta of 2.01. Upstart Holdings, Inc. has a 12-month low of $19.84 and a 12-month high of $72.58. The business’s 50-day moving average is $23.97 and its 200-day moving average is $28.71.

Upstart (NASDAQ:UPST) last released its quarterly earnings results on Tuesday, May 7th. The company reported ($0.74) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.80) by $0.06. Upstart had a negative return on equity of 27.89% and a negative net margin of 32.59%. The business had revenue of $127.79 million during the quarter, compared to analyst estimates of $124.82 million. Equities analysts anticipate that Upstart Holdings, Inc. will post -2.67 EPS for the current fiscal year.

Hedge Funds Weigh In On Upstart

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cetera Advisors LLC raised its position in Upstart by 66.6% during the first quarter. Cetera Advisors LLC now owns 17,258 shares of the company’s stock valued at $464,000 after purchasing an additional 6,899 shares during the period. EMC Capital Management raised its position in Upstart by 16.2% during the first quarter. EMC Capital Management now owns 4,300 shares of the company’s stock valued at $109,000 after purchasing an additional 600 shares during the period. Comerica Bank raised its position in Upstart by 144.0% during the first quarter. Comerica Bank now owns 2,313 shares of the company’s stock valued at $62,000 after purchasing an additional 1,365 shares during the period. Price T Rowe Associates Inc. MD raised its position in Upstart by 7.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 42,350 shares of the company’s stock valued at $1,139,000 after purchasing an additional 2,770 shares during the period. Finally, Magnetar Financial LLC raised its position in Upstart by 1,106.7% during the first quarter. Magnetar Financial LLC now owns 97,281 shares of the company’s stock valued at $2,616,000 after purchasing an additional 89,219 shares during the period. 63.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on UPST shares. Wedbush restated an “underperform” rating and set a $10.00 price target on shares of Upstart in a research report on Wednesday, May 8th. JMP Securities restated a “market perform” rating on shares of Upstart in a research report on Wednesday, April 17th. Needham & Company LLC reissued a “hold” rating on shares of Upstart in a report on Wednesday, May 8th. BTIG Research started coverage on Upstart in a report on Friday, June 7th. They issued a “sell” rating and a $14.00 target price on the stock. Finally, Mizuho dropped their target price on Upstart from $23.00 to $17.00 and set an “underperform” rating on the stock in a report on Thursday, May 9th. Six equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $21.65.

Upstart Company Profile

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.