Upstart Holdings, Inc. (NASDAQ:UPST) Insider Natalia Mirgorodskaya Sells 5,000 Shares

Upstart Holdings, Inc. (NASDAQ:UPST) insider Natalia Mirgorodskaya sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $41.03, for a total transaction of $205,150.00. Following the completion of the sale, the insider now owns 22,477 shares of the company’s stock, valued at approximately $922,231.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, August 23rd, Natalia Mirgorodskaya sold 2,080 shares of Upstart stock. The stock was sold at an average price of $40.02, for a total value of $83,241.60.
• On Tuesday, August 20th, Natalia Mirgorodskaya sold 1,264 shares of Upstart stock. The shares were sold at an average price of $38.36, for a total value of $48,487.04.

Upstart Price Performance

Shares of Upstart stock opened at $35.72 on Friday. Upstart Holdings, Inc. has a 1 year low of $19.84 and a 1 year high of $49.62. The business has a 50 day moving average price of $31.54 and a 200 day moving average price of $27.00. The company has a market capitalization of $3.20 billion, a P/E ratio of -17.34 and a beta of 2.02.

Upstart (NASDAQ:UPST) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.17) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.22. The company had revenue of $127.63 million during the quarter, compared to analysts’ expectations of $124.55 million. Upstart had a negative return on equity of 32.01% and a negative net margin of 38.05%. The business’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.34) earnings per share. As a group, research analysts expect that Upstart Holdings, Inc. will post -2.39 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Citigroup raised Upstart from a “sell” rating to a “neutral” rating and raised their target price for the company from $15.00 to $33.00 in a report on Wednesday, August 7th. Wedbush reiterated an “underperform” rating and issued a $10.00 price objective on shares of Upstart in a research note on Wednesday, August 7th. Mizuho upgraded shares of Upstart from an “underperform” rating to an “outperform” rating and upped their target price for the stock from $17.00 to $31.00 in a research report on Wednesday, July 31st. Barclays increased their target price on shares of Upstart from $25.00 to $35.00 and gave the company an “equal weight” rating in a report on Monday, August 12th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Upstart in a research note on Thursday, August 8th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $26.75.

Hedge Funds Weigh In On Upstart

Institutional investors have recently modified their holdings of the company. Magnetar Financial LLC boosted 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 worth $2,616,000 after acquiring an additional 89,219 shares during the last quarter. Norges Bank purchased a new position in shares of Upstart during the 4th quarter worth $19,017,000. Vanguard Group Inc. boosted its holdings in shares of Upstart by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 7,013,918 shares of the company’s stock worth $286,589,000 after purchasing an additional 157,719 shares during the last quarter. Baader Bank Aktiengesellschaft grew its position in shares of Upstart by 273.8% in the second quarter. Baader Bank Aktiengesellschaft now owns 41,115 shares of the company’s stock valued at $969,000 after purchasing an additional 30,115 shares during the period. Finally, Apollon Wealth Management LLC increased its stake in Upstart by 30.4% in the fourth quarter. Apollon Wealth Management LLC now owns 12,590 shares of the company’s stock valued at $514,000 after purchasing an additional 2,938 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

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.