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 company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $79.01, for a total value of $357,441.24. Following the completion of the sale, the chief executive officer now owns 52,614 shares in the company, valued at $4,157,032.14. The trade was a 7.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $62.60, for a total value of $2,608,354.20.

Upstart Stock Down 5.1 %

UPST opened at $66.91 on Wednesday. Upstart Holdings, Inc. has a twelve month low of $20.60 and a twelve month high of $96.43. The company has a 50-day moving average price of $67.77 and a 200 day moving average price of $58.01. The company has a market cap of $6.27 billion, a PE ratio of -45.83 and a beta of 2.25.

Upstart (NASDAQ:UPST) last released its quarterly earnings results on Tuesday, February 11th. The company reported ($0.02) earnings per share 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%. As a group, sell-side analysts expect that Upstart Holdings, Inc. will post -0.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on UPST. Citigroup lifted their target price on shares of Upstart from $87.00 to $108.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Redburn Atlantic raised shares of 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. JPMorgan Chase & Co. raised shares of Upstart from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $57.00 to $79.00 in a research note on Wednesday, February 12th. Wedbush increased their target price on shares of Upstart from $60.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday, December 2nd. Finally, Barclays increased their target price on shares of Upstart from $80.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 18th. Two research 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. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $73.38.

Institutional Trading of Upstart

Hedge funds have recently bought and sold shares of the business. Los Angeles Capital Management LLC acquired a new stake in Upstart in the 3rd quarter valued at about $334,000. Tyler Stone Wealth Management raised its holdings in Upstart by 94.1% in the 3rd quarter. Tyler Stone Wealth Management now owns 55,534 shares of the company’s stock valued at $2,222,000 after acquiring an additional 26,917 shares during the last quarter. Intech Investment Management LLC acquired a new stake in Upstart in the 3rd quarter valued at about $939,000. Quadrature Capital Ltd acquired a new stake in Upstart in the 3rd quarter valued at about $676,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in Upstart by 63.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 725,582 shares of the company’s stock valued at $29,031,000 after acquiring an additional 282,481 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

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.