Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sanjay Datta Sells 16,070 Shares of Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sanjay Datta sold 16,070 shares of Upstart stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $79.02, for a total value of $1,269,851.40. Following the sale, the chief financial officer now owns 295,537 shares of the company’s stock, valued at approximately $23,353,333.74. This trade represents a 5.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Upstart Trading Down 1.8 %

Shares of UPST stock opened at $70.50 on Tuesday. The business’s fifty day simple moving average is $68.09 and its 200-day simple moving average is $57.79. Upstart Holdings, Inc. has a 12-month low of $20.60 and a 12-month high of $96.43. The company has a market cap of $6.61 billion, a PE ratio of -48.29 and a beta of 2.25.

Upstart (NASDAQ:UPST) last posted its quarterly earnings results on Tuesday, February 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 forecast that Upstart Holdings, Inc. will post -0.03 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. B. Riley raised Upstart from a “neutral” rating to a “buy” rating and lifted their target price for the company from $49.00 to $105.00 in a research report on Wednesday, February 12th. Redburn Atlantic upgraded Upstart from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $37.00 to $95.00 in a report on Tuesday, December 3rd. BTIG Research upgraded shares of Upstart from a “sell” rating to a “neutral” rating in a report on Monday, November 11th. JPMorgan Chase & Co. upgraded shares of Upstart from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $57.00 to $79.00 in a report on Wednesday, February 12th. Finally, Citigroup increased their price objective on shares of Upstart from $87.00 to $108.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $73.38.

Institutional Investors Weigh In On Upstart

Institutional investors and hedge funds have recently modified their holdings of the company. Rakuten Securities Inc. purchased a new position in shares of Upstart during the fourth quarter worth $31,000. Virtus Fund Advisers LLC acquired a new position in shares of Upstart in the 4th quarter valued at $32,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Upstart during the third quarter worth $35,000. BNP Paribas acquired a new stake in Upstart during the third quarter valued at $37,000. Finally, Hollencrest Capital Management purchased a new position in Upstart in the third quarter valued at $40,000. Institutional investors and hedge funds 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.