Dave Girouard Sells 4,524 Shares of Upstart Holdings, Inc. (NASDAQ:UPST) Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CEO Dave Girouard sold 4,524 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $79.01, for a total transaction of $357,441.24. Following the transaction, the chief executive officer now owns 52,614 shares of the company’s stock, valued at approximately $4,157,032.14. The trade was a 7.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Wednesday, January 15th, Dave Girouard sold 41,667 shares of Upstart stock. The stock was sold at an average price of $62.60, for a total transaction of $2,608,354.20.

Upstart Trading Up 2.8 %

Shares of UPST stock opened at $68.78 on Thursday. The firm has a fifty day simple moving average of $67.68 and a two-hundred day simple moving average of $58.08. Upstart Holdings, Inc. has a 12 month low of $20.60 and a 12 month high of $96.43. The firm has a market capitalization of $6.45 billion, a PE ratio of -47.11 and a beta of 2.25.

Upstart (NASDAQ:UPST) last posted its earnings results on Tuesday, February 11th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.02. Upstart had a negative net margin of 20.20% and a negative return on equity of 25.87%. On average, equities analysts predict that Upstart Holdings, Inc. will post -0.03 earnings per share for the current fiscal year.

Institutional Trading of Upstart

Institutional investors and hedge funds have recently modified their holdings of the stock. Blue Trust Inc. boosted its position in shares of Upstart by 125.3% during the third quarter. Blue Trust Inc. now owns 989 shares of the company’s stock valued at $40,000 after buying an additional 550 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in Upstart during the 3rd quarter valued at $235,000. International Assets Investment Management LLC boosted its holdings in Upstart by 4,087.8% during the 3rd quarter. International Assets Investment Management LLC now owns 233,258 shares of the company’s stock worth $9,333,000 after acquiring an additional 227,688 shares during the last quarter. Bristlecone Advisors LLC bought a new stake in shares of Upstart in the 3rd quarter worth $258,000. Finally, TCI Wealth Advisors Inc. raised its holdings in shares of Upstart by 6.5% in the third quarter. TCI Wealth Advisors Inc. now owns 44,756 shares of the company’s stock valued at $1,791,000 after purchasing an additional 2,732 shares during the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on UPST. Wedbush upped their price target on shares of Upstart from $60.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, December 2nd. Piper Sandler restated an “overweight” rating and set a $105.00 target price (up previously from $85.00) on shares of Upstart in a research report on Wednesday, February 12th. BTIG Research upgraded Upstart from a “sell” rating to a “neutral” rating in a report on Monday, November 11th. Morgan Stanley upgraded Upstart from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $12.00 to $70.00 in a report on Friday, February 14th. Finally, B. Riley raised shares of Upstart from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $49.00 to $105.00 in a research report on Wednesday, February 12th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $73.38.

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.