Upstart Holdings, Inc. (NASDAQ:UPST) CEO Sells $305,261.46 in Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CEO Dave Girouard sold 4,374 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $69.79, for a total transaction of $305,261.46. Following the completion of the sale, the chief executive officer now owns 57,138 shares of the company’s stock, valued at approximately $3,987,661.02. This trade represents a 7.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Dave Girouard also recently made the following trade(s):

• On Friday, November 15th, Dave Girouard sold 41,667 shares of Upstart stock. The shares were sold at an average price of $65.41, for a total transaction of $2,725,438.47.
• On Friday, November 8th, Dave Girouard sold 41,667 shares of Upstart stock. The stock was sold at an average price of $65.15, for a total value of $2,714,605.05.

Upstart Stock Performance

Shares of UPST opened at $74.06 on Monday. The company’s fifty day moving average is $51.40 and its 200-day moving average is $36.86. Upstart Holdings, Inc. has a 12 month low of $20.60 and a 12 month high of $86.07.

Institutional Investors Weigh In On Upstart

Large investors have recently bought and sold shares of the business. Anfield Capital Management LLC acquired a new stake in shares of Upstart in the second quarter worth about $33,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Upstart in the 3rd quarter valued at approximately $35,000. BNP Paribas acquired a new stake in Upstart in the 3rd quarter worth approximately $37,000. Blue Trust Inc. boosted its position in 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 during the period. Finally, Hollencrest Capital Management acquired a new position in Upstart during the third quarter valued at approximately $40,000. 63.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on UPST. JPMorgan Chase & Co. raised Upstart from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $30.00 to $45.00 in a research note on Friday, November 8th. Needham & Company LLC reissued a “hold” rating on shares of Upstart in a research report on Thursday, August 8th. Barclays boosted their price objective on shares of Upstart from $25.00 to $35.00 and gave the company an “equal weight” rating in a research report on Monday, August 12th. Mizuho increased their target price on shares of Upstart from $33.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. Finally, BTIG Research upgraded shares of Upstart from a “sell” rating to a “neutral” rating in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Upstart currently has an average rating of “Hold” and a consensus target price of $46.83.

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.