Upstart Holdings, Inc. (NASDAQ:UPST) CTO Paul Gu Sells 12,007 Shares of 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 value of $948,793.14. Following the transaction, the chief technology officer now owns 1,006,599 shares of the company’s stock, valued at approximately $79,541,452.98. This trade represents a 1.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, December 5th, Paul Gu sold 4,019 shares of Upstart stock. The shares were sold at an average price of $75.00, for a total value 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

Shares of UPST opened at $70.50 on Tuesday. The stock has a market capitalization of $6.61 billion, a price-to-earnings ratio of -48.29 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 business’s 50 day simple moving average is $68.09 and its 200-day simple moving average is $57.79.

Upstart (NASDAQ:UPST) last issued its quarterly earnings data on Tuesday, February 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.02. Upstart had a negative return on equity of 25.87% and a negative net margin of 20.20%. On average, sell-side analysts expect that Upstart Holdings, Inc. will post -0.03 earnings per share for the current year.

Institutional Trading of Upstart

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Upstart by 5.0% during the 4th quarter. Vanguard Group Inc. now owns 7,793,452 shares of the company’s stock worth $479,843,000 after acquiring an additional 369,640 shares in the last quarter. Two Sigma Investments LP raised its holdings in Upstart by 20.1% during the 4th quarter. Two Sigma Investments LP now owns 1,922,770 shares of the company’s stock valued at $118,385,000 after buying an additional 321,366 shares during the period. Fred Alger Management LLC raised its holdings in Upstart by 53.6% during the 4th quarter. Fred Alger Management LLC now owns 1,915,121 shares of the company’s stock valued at $117,914,000 after buying an additional 668,282 shares during the period. Geode Capital Management LLC raised its holdings in Upstart by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 1,846,438 shares of the company’s stock valued at $113,711,000 after buying an additional 29,664 shares during the period. Finally, Two Sigma Advisers LP raised its holdings in Upstart by 190.2% during the 4th quarter. Two Sigma Advisers LP now owns 1,709,300 shares of the company’s stock valued at $105,242,000 after buying an additional 1,120,300 shares during the period. 63.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Redburn Atlantic upgraded Upstart from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $37.00 to $95.00 in a research note on Tuesday, December 3rd. BTIG Research raised Upstart from a “sell” rating to a “neutral” rating in a report on Monday, November 11th. B. Riley raised Upstart from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $49.00 to $105.00 in a report on Wednesday, February 12th. Barclays boosted their price target on Upstart from $80.00 to $93.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 18th. Finally, Needham & Company LLC boosted their price target on Upstart from $100.00 to $108.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $73.38.

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.