Insider Selling: Upstart Holdings, Inc. (NASDAQ:UPST) CTO Sells $4,463,620.98 in Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CTO Paul Gu sold 58,786 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $75.93, for a total transaction of $4,463,620.98. Following the transaction, the chief technology officer now directly owns 863,065 shares of the company’s stock, valued at approximately $65,532,525.45. This represents a 6.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Paul Gu also recently made the following trade(s):

• On Thursday, November 21st, Paul Gu sold 21,214 shares of Upstart stock. The shares were sold at an average price of $75.03, for a total transaction of $1,591,686.42.
• On Friday, November 15th, Paul Gu sold 65,000 shares of Upstart stock. The stock was sold at an average price of $66.58, for a total transaction of $4,327,700.00.
• On Monday, October 14th, Paul Gu sold 20,000 shares of Upstart stock. The stock was sold at an average price of $50.26, for a total value of $1,005,200.00.
• On Friday, October 4th, Paul Gu sold 8,800 shares of Upstart stock. The shares were sold at an average price of $40.10, for a total value of $352,880.00.
• On Tuesday, October 1st, Paul Gu sold 36,200 shares of Upstart stock. The stock was sold at an average price of $39.22, for a total transaction of $1,419,764.00.
• On Tuesday, September 3rd, Paul Gu sold 45,000 shares of Upstart stock. The shares were sold at an average price of $40.86, for a total transaction of $1,838,700.00.

Upstart Trading Up 0.5 %

NASDAQ UPST opened at $78.79 on Friday. The firm has a market cap of $7.19 billion, a PE ratio of -40.82 and a beta of 1.97. Upstart Holdings, Inc. has a 1-year low of $20.60 and a 1-year high of $86.07. The stock has a 50-day moving average of $55.46 and a 200-day moving average of $38.53.

Analysts Set New Price Targets

A number of equities analysts have recently commented on UPST shares. Needham & Company LLC reissued a “hold” rating on shares of Upstart in a report on Thursday, August 8th. Piper Sandler raised Upstart from a “neutral” rating to an “overweight” rating and increased their target price for the company from $31.00 to $85.00 in a research note on Friday, November 8th. Mizuho lifted their price target on Upstart from $33.00 to $48.00 and gave the stock an “outperform” rating in a research note on Friday, September 20th. BTIG Research upgraded Upstart from a “sell” rating to a “neutral” rating in a research report on Monday, November 11th. Finally, Citigroup upgraded Upstart from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $56.00 to $87.00 in a research report on Friday, November 8th. One research 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, Upstart presently has a consensus rating of “Hold” and a consensus price target of $46.83.

Institutional Trading of Upstart

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Los Angeles Capital Management LLC purchased a new position in shares of Upstart in the third quarter worth $334,000. Tyler Stone Wealth Management grew its holdings in Upstart by 94.1% in the 3rd quarter. Tyler Stone Wealth Management now owns 55,534 shares of the company’s stock worth $2,222,000 after acquiring an additional 26,917 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Upstart by 63.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 725,582 shares of the company’s stock valued at $29,031,000 after acquiring an additional 282,481 shares during the period. Intech Investment Management LLC bought a new position in shares of Upstart during the third quarter valued at about $939,000. Finally, SteelPeak Wealth LLC purchased a new stake in shares of Upstart during the third quarter worth about $828,000. Institutional investors 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.