Paul Gu Sells 12,007 Shares of Upstart Holdings, Inc. (NASDAQ:UPST) Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CTO Paul Gu sold 12,007 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $79.02, for a total transaction of $948,793.14. Following the transaction, the chief technology officer now directly owns 1,006,599 shares of the company’s stock, valued at $79,541,452.98. The trade was a 1.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Paul Gu also recently made the following trade(s):

• On Thursday, December 5th, Paul Gu sold 4,019 shares of Upstart stock. The stock was sold at an average price of $75.00, for a total transaction of $301,425.00.
• On Monday, December 2nd, Paul Gu sold 87,600 shares of Upstart stock. The shares were sold at an average price of $69.39, for a total value of $6,078,564.00.

Upstart Price Performance

UPST opened at $66.91 on Wednesday. The firm has a market cap of $6.27 billion, a P/E ratio of -45.83 and a beta of 2.25. Upstart Holdings, Inc. has a 1-year low of $20.60 and a 1-year high of $96.43. The company has a 50 day simple moving average of $67.77 and a two-hundred day simple moving average of $58.01.

Upstart (NASDAQ:UPST) last issued 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 return on equity of 25.87% and a negative net margin of 20.20%. Equities analysts anticipate that Upstart Holdings, Inc. will post -0.03 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently commented on UPST shares. Needham & Company LLC upped their price objective on Upstart from $100.00 to $108.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Redburn Atlantic raised shares of Upstart from a “neutral” rating to a “buy” rating and upped their price target for the company from $37.00 to $95.00 in a research report on Tuesday, December 3rd. The Goldman Sachs Group increased their price objective on shares of Upstart from $13.50 to $15.00 and gave the stock a “sell” rating in a research note on Wednesday, February 12th. Citigroup boosted their target price on shares of Upstart from $87.00 to $108.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Finally, Bank of America increased their price target on shares of Upstart from $33.00 to $39.00 and gave the stock an “underperform” rating in a research report on Wednesday, February 12th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $73.38.

Institutional Trading of Upstart

Institutional investors have recently made changes to their positions in the business. Rakuten Securities Inc. bought a new position in Upstart in the 4th quarter worth approximately $31,000. Virtus Fund Advisers LLC purchased a new position in shares of Upstart in the fourth quarter worth $32,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Upstart during the third quarter worth $35,000. BNP Paribas purchased a new position in Upstart during the third quarter valued at $37,000. Finally, Hollencrest Capital Management bought a new stake in Upstart in the 3rd quarter valued at $40,000. Hedge funds and other institutional investors 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.