Upstart Holdings, Inc. (NASDAQ:UPST) Insider Natalia Mirgorodskaya Sells 794 Shares of Stock

Upstart Holdings, Inc. (NASDAQ:UPST) insider Natalia Mirgorodskaya sold 794 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $79.02, for a total transaction of $62,741.88. Following the completion of the sale, the insider now directly owns 21,985 shares of the company’s stock, valued at approximately $1,737,254.70. The trade was a 3.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Upstart Stock Down 1.8 %

Shares of NASDAQ:UPST opened at $70.50 on Tuesday. The company 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 52 week low of $20.60 and a 52 week high of $96.43. The firm has a 50 day moving average of $68.09 and a 200 day moving average of $57.79.

Upstart (NASDAQ:UPST) last released its quarterly earnings results 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 net margin of 20.20% and a negative return on equity of 25.87%. On average, sell-side analysts expect that Upstart Holdings, Inc. will post -0.03 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Bank of America raised their price objective on shares of Upstart from $33.00 to $39.00 and gave the stock an “underperform” rating in a research note on Wednesday, February 12th. Needham & Company LLC lifted their price target on shares of Upstart from $100.00 to $108.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Morgan Stanley raised shares of Upstart from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $12.00 to $70.00 in a research note on Friday, February 14th. Barclays lifted their price target on shares of Upstart from $80.00 to $93.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 18th. Finally, B. Riley raised shares of Upstart from a “neutral” rating to a “buy” rating and lifted their price target for the company from $49.00 to $105.00 in a research note on Wednesday, February 12th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Upstart presently has an average rating of “Hold” and an average target price of $73.38.

Hedge Funds Weigh In On Upstart

Several institutional investors and hedge funds have recently bought and sold shares of the company. Jones Financial Companies Lllp grew its holdings in Upstart by 3.1% in the fourth quarter. Jones Financial Companies Lllp now owns 5,511 shares of the company’s stock worth $339,000 after purchasing an additional 167 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Upstart by 24.2% in the fourth quarter. Farther Finance Advisors LLC now owns 882 shares of the company’s stock worth $54,000 after purchasing an additional 172 shares during the last quarter. Bailard Inc. grew its holdings in Upstart by 0.5% in the fourth quarter. Bailard Inc. now owns 38,759 shares of the company’s stock worth $2,386,000 after purchasing an additional 212 shares during the last quarter. GAMMA Investing LLC grew its holdings in Upstart by 19.9% in the fourth quarter. GAMMA Investing LLC now owns 1,348 shares of the company’s stock worth $83,000 after purchasing an additional 224 shares during the last quarter. Finally, Orion Capital Management LLC grew its holdings in 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 purchasing an additional 270 shares during the last quarter. 63.01% of the stock is 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.