Upstart Holdings, Inc. (NASDAQ:UPST) CTO Paul Gu Sells 45,000 Shares

Upstart Holdings, Inc. (NASDAQ:UPST) CTO Paul Gu sold 45,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $40.86, for a total value of $1,838,700.00. Following the completion of the sale, the chief technology officer now directly owns 878,565 shares in the company, valued at approximately $35,898,165.90. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Monday, August 19th, Paul Gu sold 10,000 shares of Upstart stock. The shares were sold at an average price of $40.01, for a total value of $400,100.00.
• On Monday, July 15th, Paul Gu sold 10,000 shares of Upstart stock. The shares were sold at an average price of $30.05, for a total value of $300,500.00.
• On Thursday, July 11th, Paul Gu sold 10,000 shares of Upstart stock. The shares were sold at an average price of $25.88, for a total value of $258,800.00.
• On Monday, July 1st, Paul Gu sold 5,000 shares of Upstart stock. The shares were sold at an average price of $23.52, for a total value of $117,600.00.

Upstart Stock Performance

Upstart stock traded down $0.61 during mid-day trading on Thursday, reaching $35.72. 4,863,639 shares of the company were exchanged, compared to its average volume of 6,491,201. Upstart Holdings, Inc. has a twelve month low of $19.84 and a twelve month high of $49.62. The firm’s 50-day simple moving average is $31.30 and its two-hundred day simple moving average is $26.94. The firm has a market cap of $3.20 billion, a PE ratio of -17.64 and a beta of 2.02.

Upstart (NASDAQ:UPST) last posted its quarterly earnings data on Tuesday, August 6th. The company reported ($0.17) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.22. Upstart had a negative return on equity of 32.01% and a negative net margin of 38.05%. The company had revenue of $127.63 million during the quarter, compared to analysts’ expectations of $124.55 million. During the same period last year, the firm earned ($0.34) EPS. The firm’s revenue for the quarter was down 6.0% on a year-over-year basis. As a group, equities research analysts anticipate that Upstart Holdings, Inc. will post -2.39 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on UPST shares. Citigroup upgraded Upstart from a “sell” rating to a “neutral” rating and increased their price objective for the company from $15.00 to $33.00 in a report on Wednesday, August 7th. Needham & Company LLC reiterated a “hold” rating on shares of Upstart in a report on Thursday, August 8th. Redburn Atlantic upgraded Upstart from a “sell” rating to a “neutral” rating and increased their price objective for the company from $22.50 to $25.50 in a report on Tuesday, June 4th. Barclays raised their price target on Upstart from $25.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Monday, August 12th. Finally, BTIG Research assumed coverage on Upstart in a research note on Friday, June 7th. They set a “sell” rating and a $14.00 price target on the stock. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $26.75.

Institutional Trading of Upstart

A number of hedge funds have recently added to or reduced their stakes in UPST. Magnetar Financial LLC lifted its holdings in shares of Upstart by 1,106.7% in the 1st quarter. Magnetar Financial LLC now owns 97,281 shares of the company’s stock valued at $2,616,000 after buying an additional 89,219 shares during the period. Norges Bank acquired a new stake in shares of Upstart in the 4th quarter valued at approximately $19,017,000. Vanguard Group Inc. lifted its holdings in shares of Upstart by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 7,013,918 shares of the company’s stock valued at $286,589,000 after buying an additional 157,719 shares during the period. Baader Bank Aktiengesellschaft lifted its holdings in shares of Upstart by 273.8% in the 2nd quarter. Baader Bank Aktiengesellschaft now owns 41,115 shares of the company’s stock valued at $969,000 after buying an additional 30,115 shares during the period. Finally, Apollon Wealth Management LLC lifted its holdings in shares of Upstart by 30.4% in the 4th quarter. Apollon Wealth Management LLC now owns 12,590 shares of the company’s stock valued at $514,000 after buying an additional 2,938 shares during the period. 63.01% of the stock is owned by institutional investors and hedge funds.

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.