Paul Gu Sells 58,786 Shares of Upstart Holdings, Inc. (NASDAQ:UPST) Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CTO Paul Gu sold 58,786 shares of Upstart stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $75.93, for a total value of $4,463,620.98. Following the completion of the transaction, the chief technology officer now owns 863,065 shares in the company, valued at approximately $65,532,525.45. This represents a 6.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• On Thursday, November 21st, Paul Gu sold 21,214 shares of Upstart stock. The stock was sold at an average price of $75.03, for a total value of $1,591,686.42.
• On Friday, November 15th, Paul Gu sold 65,000 shares of Upstart stock. The shares were sold at an average price of $66.58, for a total value of $4,327,700.00.
• On Monday, October 14th, Paul Gu sold 20,000 shares of Upstart stock. The stock was sold at an average price of $50.26, for a total transaction of $1,005,200.00.
• On Friday, October 4th, Paul Gu sold 8,800 shares of Upstart stock. The shares were sold at an average price of $40.10, for a total transaction of $352,880.00.
• On Tuesday, October 1st, Paul Gu sold 36,200 shares of Upstart stock. The shares were sold at an average price of $39.22, for a total transaction of $1,419,764.00.
• On Tuesday, September 3rd, Paul Gu sold 45,000 shares of Upstart stock. The stock was sold at an average price of $40.86, for a total transaction of $1,838,700.00.

Upstart Stock Performance

UPST stock opened at $78.43 on Friday. The firm has a 50 day moving average price of $53.91 and a 200-day moving average price of $37.90. Upstart Holdings, Inc. has a 52-week low of $20.60 and a 52-week high of $86.07. The firm has a market capitalization of $7.16 billion, a price-to-earnings ratio of -40.64 and a beta of 1.97.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. BTIG Research raised Upstart from a “sell” rating to a “neutral” rating in a research report on Monday, November 11th. Wedbush upped their target price on Upstart from $45.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Piper Sandler upgraded shares of Upstart from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $31.00 to $85.00 in a report on Friday, November 8th. Citigroup upgraded shares of Upstart from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $56.00 to $87.00 in a report on Friday, November 8th. Finally, Barclays lifted their target price on shares of Upstart from $25.00 to $35.00 and gave the company an “equal weight” rating in a research note on Monday, August 12th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $46.83.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Tidal Investments LLC grew its stake in shares of Upstart by 1,413.7% in the third quarter. Tidal Investments LLC now owns 333,463 shares of the company’s stock worth $13,342,000 after acquiring an additional 311,434 shares during the last quarter. Synergy Financial Group LTD bought a new position in Upstart in the 3rd quarter worth about $258,000. Orion Capital Management LLC grew its position in Upstart by 5.1% during the 3rd quarter. Orion Capital Management LLC now owns 5,560 shares of the company’s stock valued at $222,000 after purchasing an additional 270 shares during the last quarter. Geode Capital Management LLC increased its stake in Upstart by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,816,774 shares of the company’s stock valued at $72,702,000 after purchasing an additional 29,482 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in Upstart in the third quarter worth about $430,000. 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.