Natalia Mirgorodskaya Sells 1,411 Shares of Upstart Holdings, Inc. (NASDAQ:UPST) Stock

Upstart Holdings, Inc. (NASDAQ:UPST) insider Natalia Mirgorodskaya sold 1,411 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $77.36, for a total transaction of $109,154.96. Following the completion of the transaction, the insider now directly owns 18,596 shares in the company, valued at $1,438,586.56. This trade represents a 7.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Wednesday, November 20th, Natalia Mirgorodskaya sold 1,511 shares of Upstart stock. The stock was sold at an average price of $69.85, for a total transaction of $105,543.35.
• On Tuesday, September 3rd, Natalia Mirgorodskaya sold 5,000 shares of Upstart stock. The stock was sold at an average price of $41.03, for a total transaction of $205,150.00.

Upstart Stock Performance

Shares of NASDAQ:UPST opened at $78.79 on Friday. The company has a market cap of $7.19 billion, a P/E ratio of -40.82 and a beta of 1.97. The stock’s 50-day moving average is $55.46 and its 200-day moving average is $38.53. Upstart Holdings, Inc. has a 52-week low of $20.60 and a 52-week high of $86.07.

Institutional Investors Weigh In On Upstart

Several hedge funds and other institutional investors have recently made changes to their positions in UPST. Fred Alger Management LLC grew its position in shares of Upstart by 153.2% in the third quarter. Fred Alger Management LLC now owns 1,246,839 shares of the company’s stock valued at $49,886,000 after purchasing an additional 754,416 shares during the last quarter. Two Sigma Advisers LP lifted its stake in shares of Upstart by 689.5% in the third quarter. Two Sigma Advisers LP now owns 589,000 shares of the company’s stock valued at $23,566,000 after buying an additional 514,400 shares during the period. Tidal Investments LLC lifted its stake in shares of Upstart by 1,413.7% in the third quarter. Tidal Investments LLC now owns 333,463 shares of the company’s stock valued at $13,342,000 after buying an additional 311,434 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake 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 buying an additional 282,481 shares during the period. Finally, Millennium Management LLC lifted its stake in shares of Upstart by 1,792.9% in the second quarter. Millennium Management LLC now owns 262,396 shares of the company’s stock valued at $6,190,000 after buying an additional 277,896 shares during the period. 63.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UPST has been the topic of a number of research reports. Barclays upped their price target on shares of Upstart from $25.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Monday, August 12th. Piper Sandler raised shares of Upstart from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $31.00 to $85.00 in a research report on Friday, November 8th. Citigroup raised shares of Upstart from a “neutral” rating to a “buy” rating and increased their target price for the stock from $56.00 to $87.00 in a research report on Friday, November 8th. 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, Needham & Company LLC reissued a “hold” rating on shares of Upstart in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average 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.