Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sanjay Datta Sells 1,500 Shares of Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sanjay Datta sold 1,500 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $51.70, for a total value of $77,550.00. Following the completion of the transaction, the chief financial officer now owns 334,093 shares of the company’s stock, valued at $17,272,608.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Sanjay Datta also recently made the following trade(s):

• On Monday, October 21st, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $53.81, for a total value of $80,715.00.
• On Monday, October 14th, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $48.68, for a total value of $73,020.00.
• On Monday, October 7th, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $41.29, for a total transaction of $61,935.00.
• On Monday, September 23rd, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $40.00, for a total transaction of $60,000.00.
• On Monday, September 16th, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $34.42, for a total transaction of $51,630.00.
• On Monday, September 9th, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $34.85, for a total transaction of $52,275.00.
• On Tuesday, September 3rd, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $41.77, for a total value of $62,655.00.
• On Monday, August 19th, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $37.00, for a total value of $55,500.00.
• On Monday, August 5th, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $20.98, for a total value of $20,980.00.

Upstart Trading Up 1.4 %

Shares of UPST stock opened at $51.13 on Thursday. Upstart Holdings, Inc. has a 12 month low of $19.84 and a 12 month high of $57.40. The company has a market cap of $4.58 billion, a P/E ratio of -21.85 and a beta of 2.01. The firm has a fifty day moving average price of $42.80 and a 200 day moving average price of $31.87.

Upstart (NASDAQ:UPST) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.39) by $0.22. The business had revenue of $127.63 million during the quarter, compared to analysts’ expectations of $124.55 million. Upstart had a negative return on equity of 32.01% and a negative net margin of 38.05%. The business’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.34) EPS. On average, equities analysts forecast that Upstart Holdings, Inc. will post -2.39 EPS for the current year.

Institutional Trading of Upstart

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Magnetar Financial LLC grew its position in shares of Upstart by 1,106.7% in the 1st quarter. Magnetar Financial LLC now owns 97,281 shares of the company’s stock valued at $2,616,000 after buying an additional 89,219 shares during the last quarter. LifePro Asset Management purchased a new stake in shares of Upstart in the 3rd quarter valued at about $2,008,000. Baader Bank Aktiengesellschaft boosted its position in shares of Upstart by 273.8% in the 2nd quarter. Baader Bank Aktiengesellschaft now owns 41,115 shares of the company’s stock valued at $969,000 after purchasing an additional 30,115 shares during the period. Entropy Technologies LP purchased a new position in Upstart during the 1st quarter worth approximately $1,358,000. Finally, ProShare Advisors LLC increased its position in Upstart by 10.1% during the first quarter. ProShare Advisors LLC now owns 13,342 shares of the company’s stock worth $359,000 after buying an additional 1,219 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on UPST. Needham & Company LLC reiterated a “hold” rating on shares of Upstart in a research note on Thursday, August 8th. Barclays upped their target price 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. JPMorgan Chase & Co. raised their price target on shares of Upstart from $27.00 to $30.00 and gave the company an “underweight” rating in a research report on Tuesday, August 20th. Wedbush raised Upstart from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $10.00 to $45.00 in a research report on Monday, October 14th. Finally, Citigroup upgraded Upstart from a “sell” rating to a “neutral” rating and lifted their target price for the company from $15.00 to $33.00 in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $31.50.

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.