Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sanjay Datta Sells 1,500 Shares

Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sanjay Datta sold 1,500 shares of the business’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $41.29, for a total transaction of $61,935.00. Following the completion of the transaction, the chief financial officer now directly owns 338,593 shares in the company, valued at $13,980,504.97. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Monday, September 23rd, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $40.00, for a total transaction of $60,000.00.
• On Monday, September 16th, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $34.42, for a total transaction of $51,630.00.
• On Monday, September 9th, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $34.85, for a total transaction of $52,275.00.
• On Tuesday, September 3rd, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $41.77, for a total transaction of $62,655.00.
• On Monday, August 19th, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $37.00, for a total transaction of $55,500.00.
• On Monday, August 5th, Sanjay Datta sold 1,000 shares of Upstart stock. The shares were sold at an average price of $20.98, for a total transaction of $20,980.00.
• On Monday, July 29th, Sanjay Datta sold 1,000 shares of Upstart stock. The shares were sold at an average price of $26.31, for a total transaction of $26,310.00.
• On Monday, July 22nd, Sanjay Datta sold 1,000 shares of Upstart stock. The shares were sold at an average price of $28.15, for a total transaction of $28,150.00.
• On Monday, July 15th, Sanjay Datta sold 1,000 shares of Upstart stock. The shares were sold at an average price of $27.80, for a total transaction of $27,800.00.

Upstart Price Performance

UPST traded up $0.15 during trading hours on Wednesday, hitting $43.04. 4,853,229 shares of the stock were exchanged, compared to its average volume of 6,599,973. The stock has a 50-day simple moving average of $37.21 and a 200-day simple moving average of $29.12. Upstart Holdings, Inc. has a 12 month low of $19.84 and a 12 month high of $49.62. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of -20.95 and a beta of 2.01.

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

Analyst Upgrades and Downgrades

UPST has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Upstart from $27.00 to $30.00 and gave the company an “underweight” rating in a research note on Tuesday, August 20th. Needham & Company LLC reissued a “hold” rating on shares of Upstart in a research report on Thursday, August 8th. Barclays increased their target price on shares of Upstart from $25.00 to $35.00 and gave the stock 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, Piper Sandler increased their target price on shares of Upstart from $28.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Upstart has a consensus rating of “Hold” and a consensus price target of $27.61.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. LifePro Asset Management acquired a new position in shares of Upstart during the third quarter valued at $2,008,000. Keeler & Nadler Financial Planning & Wealth Management acquired a new position in shares of Upstart during the third quarter valued at $280,000. Newbridge Financial Services Group Inc. grew its holdings in Upstart by 10.4% during the second quarter. Newbridge Financial Services Group Inc. now owns 9,589 shares of the company’s stock worth $226,000 after acquiring an additional 900 shares during the period. Algert Global LLC acquired a new position in Upstart during the second quarter worth about $255,000. Finally, The Manufacturers Life Insurance Company grew its holdings in Upstart by 7.2% during the second quarter. The Manufacturers Life Insurance Company now owns 44,301 shares of the company’s stock worth $1,045,000 after acquiring an additional 2,976 shares during the period. 63.01% of the stock is owned by institutional investors and hedge funds.

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.