Upstart Holdings, Inc. (NASDAQ:UPST) Insider Natalia Mirgorodskaya Sells 5,000 Shares

Upstart Holdings, Inc. (NASDAQ:UPST) insider Natalia Mirgorodskaya sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $41.03, for a total transaction of $205,150.00. Following the completion of the sale, the insider now owns 22,477 shares of the company’s stock, valued at $922,231.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Natalia Mirgorodskaya also recently made the following trade(s):

• On Friday, August 23rd, Natalia Mirgorodskaya sold 2,080 shares of Upstart stock. The shares were sold at an average price of $40.02, for a total transaction of $83,241.60.
• On Tuesday, August 20th, Natalia Mirgorodskaya sold 1,264 shares of Upstart stock. The stock was sold at an average price of $38.36, for a total value of $48,487.04.

Upstart Price Performance

Shares of UPST stock opened at $35.72 on Friday. The company’s fifty day moving average price is $31.54 and its two-hundred day moving average price is $27.00. The firm has a market capitalization of $3.20 billion, a P/E ratio of -17.34 and a beta of 2.02. Upstart Holdings, Inc. has a 12 month low of $19.84 and a 12 month high of $49.62.

Upstart (NASDAQ:UPST) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.17) EPS for the quarter, topping the consensus estimate 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 business had revenue of $127.63 million for the quarter, compared to analysts’ expectations of $124.55 million. During the same quarter in the previous year, the firm posted ($0.34) earnings per share. The company’s revenue was down 6.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Upstart Holdings, Inc. will post -2.39 EPS for the current year.

Hedge Funds Weigh In On Upstart

Institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC bought a new position in shares of Upstart during the fourth quarter worth about $25,000. Anfield Capital Management LLC bought a new stake in shares of Upstart in the 2nd quarter valued at approximately $33,000. Benjamin F. Edwards & Company Inc. raised its position in shares of Upstart by 80.6% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,743 shares of the company’s stock valued at $47,000 after acquiring an additional 778 shares in the last quarter. BOCHK Asset Management Ltd bought a new position in Upstart during the fourth quarter worth $61,000. Finally, Comerica Bank boosted its holdings in Upstart by 144.0% in the first quarter. Comerica Bank now owns 2,313 shares of the company’s stock worth $62,000 after purchasing an additional 1,365 shares during the period. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on UPST shares. Barclays boosted their price target on Upstart from $25.00 to $35.00 and gave the company an “equal weight” rating in a research report on Monday, August 12th. JPMorgan Chase & Co. increased their target price on shares of Upstart from $27.00 to $30.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 20th. Wedbush reaffirmed an “underperform” rating and set a $10.00 price target on shares of Upstart in a research report on Wednesday, August 7th. Mizuho upgraded shares of Upstart from an “underperform” rating to an “outperform” rating and boosted their price objective for the stock from $17.00 to $31.00 in a research note on Wednesday, July 31st. Finally, Needham & Company LLC reissued a “hold” rating on shares of Upstart in a research note on Thursday, August 8th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Upstart has a consensus rating of “Hold” and a consensus price target of $26.75.

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.