Natalia Mirgorodskaya Sells 1,411 Shares of Upstart Holdings, Inc. (NASDAQ:UPST) Stock

Upstart Holdings, Inc. (NASDAQ:UPST) insider Natalia Mirgorodskaya sold 1,411 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $77.36, for a total value of $109,154.96. Following the transaction, the insider now directly owns 18,596 shares of the company’s stock, valued at approximately $1,438,586.56. The trade was a 7.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Natalia Mirgorodskaya also recently made the following trade(s):

• On Wednesday, November 20th, Natalia Mirgorodskaya sold 1,511 shares of Upstart stock. The shares were sold at an average price of $69.85, for a total value of $105,543.35.
• On Tuesday, September 3rd, Natalia Mirgorodskaya sold 5,000 shares of Upstart stock. The shares were sold at an average price of $41.03, for a total value of $205,150.00.

Upstart Trading Down 0.1 %

Shares of NASDAQ UPST traded down $0.08 during midday trading on Wednesday, hitting $78.43. The company’s stock had a trading volume of 5,319,858 shares, compared to its average volume of 6,891,025. The business’s 50 day moving average is $53.91 and its two-hundred day moving average is $37.90. Upstart Holdings, Inc. has a 12-month low of $20.60 and a 12-month high of $86.07. The firm has a market cap of $7.16 billion, a P/E ratio of -40.64 and a beta of 1.97.

Wall Street Analysts Forecast Growth

UPST has been the subject of a number of research reports. Citigroup raised Upstart from a “neutral” rating to a “buy” rating and increased their price target for the company from $56.00 to $87.00 in a research note on Friday, November 8th. Wedbush upped their price objective on Upstart from $45.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. upgraded Upstart from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $30.00 to $45.00 in a research report on Friday, November 8th. BTIG Research upgraded Upstart from a “sell” rating to a “neutral” rating in a research report on Monday, November 11th. Finally, Mizuho upped their price objective on Upstart from $33.00 to $48.00 and gave the company an “outperform” rating in a research report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Upstart currently has a consensus rating of “Hold” and a consensus target price of $46.83.

Institutional Investors Weigh In On Upstart

Several hedge funds and other institutional investors have recently modified their holdings of the business. Orion Capital Management LLC raised its holdings in shares of Upstart by 5.1% in the third quarter. Orion Capital Management LLC now owns 5,560 shares of the company’s stock worth $222,000 after buying an additional 270 shares during the period. Atomi Financial Group Inc. increased its holdings in Upstart by 0.7% during the 2nd quarter. Atomi Financial Group Inc. now owns 59,009 shares of the company’s stock worth $1,392,000 after purchasing an additional 406 shares during the period. Daiwa Securities Group Inc. increased its holdings in Upstart by 18.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 2,657 shares of the company’s stock worth $63,000 after purchasing an additional 409 shares during the period. Principal Financial Group Inc. increased its holdings in Upstart by 4.2% during the 2nd quarter. Principal Financial Group Inc. now owns 10,405 shares of the company’s stock worth $245,000 after purchasing an additional 422 shares during the period. Finally, Inspire Advisors LLC increased its holdings in Upstart by 3.0% during the 2nd quarter. Inspire Advisors LLC now owns 16,623 shares of the company’s stock worth $392,000 after purchasing an additional 480 shares during the period. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

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.