Scott Darling Sells 6,200 Shares of Upstart Holdings, Inc. (NASDAQ:UPST) Stock

Upstart Holdings, Inc. (NASDAQ:UPST) insider Scott Darling sold 6,200 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $39.67, for a total value of $245,954.00. Following the sale, the insider now owns 161,043 shares in the company, valued at approximately $6,388,575.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Scott Darling also recently made the following trade(s):

• On Friday, September 6th, Scott Darling sold 7,190 shares of Upstart stock. The stock was sold at an average price of $39.15, for a total value of $281,464.77.
• On Monday, August 19th, Scott Darling sold 24,000 shares of Upstart stock. The stock was sold at an average price of $40.00, for a total value of $960,000.00.
• On Thursday, August 29th, Scott Darling sold 9,000 shares of Upstart stock. The stock was sold at an average price of $45.00, for a total value of $405,000.00.

Upstart Stock Performance

Shares of Upstart stock remained flat at $38.94 on Thursday. The stock had a trading volume of 3,745,933 shares, compared to its average volume of 6,602,968. Upstart Holdings, Inc. has a 52 week low of $19.84 and a 52 week high of $49.62. The company has a fifty day moving average price of $36.00 and a 200 day moving average price of $28.66. The firm has a market capitalization of $3.49 billion, a PE ratio of -18.51 and a beta of 2.03.

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

Institutional Investors Weigh In On Upstart

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Atomi Financial Group Inc. lifted its stake in Upstart by 0.7% during the second quarter. Atomi Financial Group Inc. now owns 59,009 shares of the company’s stock worth $1,392,000 after purchasing an additional 406 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of Upstart by 18.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 2,657 shares of the company’s stock valued at $63,000 after acquiring an additional 409 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Upstart by 4.2% in the 2nd quarter. Principal Financial Group Inc. now owns 10,405 shares of the company’s stock valued at $245,000 after acquiring an additional 422 shares during the last quarter. Inspire Advisors LLC lifted its stake in shares of Upstart by 3.0% in the 2nd quarter. Inspire Advisors LLC now owns 16,623 shares of the company’s stock valued at $392,000 after acquiring an additional 480 shares during the last quarter. Finally, EMC Capital Management lifted its stake in shares of Upstart by 16.2% in the 1st quarter. EMC Capital Management now owns 4,300 shares of the company’s stock valued at $109,000 after acquiring an additional 600 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on UPST shares. Piper Sandler boosted their price target on Upstart from $28.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Mizuho boosted their price target on Upstart from $33.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. JPMorgan Chase & Co. boosted their price target on Upstart from $27.00 to $30.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 20th. Citigroup raised Upstart from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $15.00 to $33.00 in a research report on Wednesday, August 7th. Finally, BTIG Research initiated coverage on Upstart in a research report on Friday, June 7th. They set a “sell” rating and a $14.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $27.61.

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.