Upstart Holdings, Inc. (NASDAQ:UPST) CEO Dave Girouard Sells 41,667 Shares

Upstart Holdings, Inc. (NASDAQ:UPST) CEO Dave Girouard sold 41,667 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $62.60, for a total value of $2,608,354.20. Following the completion of the sale, the chief executive officer now owns 57,138 shares in the company, valued at $3,576,838.80. The trade was a 42.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Dave Girouard also recently made the following trade(s):

• On Wednesday, November 20th, Dave Girouard sold 4,374 shares of Upstart stock. The shares were sold at an average price of $69.79, for a total transaction of $305,261.46.
• On Friday, November 15th, Dave Girouard sold 41,667 shares of Upstart stock. The shares were sold at an average price of $65.41, for a total transaction of $2,725,438.47.
• On Friday, November 8th, Dave Girouard sold 41,667 shares of Upstart stock. The shares were sold at an average price of $65.15, for a total transaction of $2,714,605.05.

Upstart Trading Down 2.4 %

Shares of UPST opened at $62.96 on Friday. The business’s 50-day moving average price is $69.84 and its 200 day moving average price is $49.30. The stock has a market capitalization of $5.74 billion, a P/E ratio of -32.62 and a beta of 2.26. Upstart Holdings, Inc. has a 1-year low of $20.60 and a 1-year high of $88.95.

Hedge Funds Weigh In On Upstart

Several institutional investors and hedge funds have recently bought and sold shares of UPST. Point72 Asia Singapore Pte. Ltd. purchased a new position in Upstart during the 3rd quarter valued at about $35,000. BNP Paribas purchased a new position in Upstart during the 3rd quarter valued at about $37,000. Blue Trust Inc. grew its stake in Upstart by 125.3% during the 3rd quarter. Blue Trust Inc. now owns 989 shares of the company’s stock valued at $40,000 after acquiring an additional 550 shares in the last quarter. Hollencrest Capital Management purchased a new position in Upstart during the 3rd quarter valued at about $40,000. Finally, Indiana Trust & Investment Management Co purchased a new position in Upstart during the 3rd quarter valued at about $43,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on UPST shares. JPMorgan Chase & Co. cut shares of Upstart from a “neutral” rating to an “underweight” rating and lifted their price objective for the company from $45.00 to $57.00 in a research note on Monday, December 2nd. Wedbush boosted their price target on shares of Upstart from $60.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, December 2nd. Redburn Atlantic upgraded shares of Upstart from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $37.00 to $95.00 in a research report on Tuesday, December 3rd. BTIG Research upgraded shares of Upstart from a “sell” rating to a “neutral” rating in a research report on Monday, November 11th. Finally, Needham & Company LLC upgraded shares of Upstart from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a research report on Friday, December 13th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $61.80.

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.