Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sanjay Datta Sells 1,500 Shares

Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sanjay Datta sold 1,500 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $51.70, for a total transaction of $77,550.00. Following the transaction, the chief financial officer now owns 334,093 shares in the company, valued at $17,272,608.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Sanjay Datta also recently made the following trade(s):

• On Monday, October 21st, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $53.81, for a total transaction of $80,715.00.
• On Monday, October 14th, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $48.68, for a total transaction of $73,020.00.
• On Monday, October 7th, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $41.29, for a total transaction of $61,935.00.
• On Monday, September 23rd, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $40.00, for a total transaction of $60,000.00.
• On Monday, September 16th, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $34.42, for a total transaction of $51,630.00.
• On Monday, September 9th, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $34.85, for a total transaction of $52,275.00.
• On Tuesday, September 3rd, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $41.77, for a total transaction of $62,655.00.
• On Monday, August 19th, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $37.00, for a total transaction of $55,500.00.
• On Monday, August 5th, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $20.98, for a total transaction of $20,980.00.

Upstart Stock Up 1.4 %

UPST traded up $0.71 during trading on Wednesday, reaching $51.13. 4,651,830 shares of the company were exchanged, compared to its average volume of 6,653,674. Upstart Holdings, Inc. has a 12-month low of $19.84 and a 12-month high of $57.40. The company’s 50-day moving average is $42.59 and its two-hundred day moving average is $31.73. The company has a market cap of $4.58 billion, a price-to-earnings ratio of -21.55 and a beta of 2.01.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Anfield Capital Management LLC bought a new position in shares of Upstart in the second quarter worth $33,000. Blue Trust Inc. raised its holdings in shares of Upstart by 125.3% in the 3rd quarter. Blue Trust Inc. now owns 989 shares of the company’s stock valued at $40,000 after acquiring an additional 550 shares in the last quarter. Indiana Trust & Investment Management Co purchased a new stake in shares of Upstart in the 3rd quarter valued at about $43,000. GAMMA Investing LLC raised its holdings in shares of Upstart by 259.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,204 shares of the company’s stock valued at $52,000 after acquiring an additional 1,590 shares in the last quarter. Finally, Comerica Bank raised its holdings in shares of Upstart by 144.0% in the 1st quarter. Comerica Bank now owns 2,313 shares of the company’s stock valued at $62,000 after acquiring an additional 1,365 shares in the last quarter. 63.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Citigroup raised shares of Upstart from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $15.00 to $33.00 in a research report on Wednesday, August 7th. JPMorgan Chase & Co. lifted their price target on shares of Upstart from $27.00 to $30.00 and gave the stock an “underweight” rating in a report on Tuesday, August 20th. Mizuho increased their price objective on Upstart from $33.00 to $48.00 and gave the company an “outperform” rating in a report on Friday, September 20th. Piper Sandler boosted their target price on Upstart from $28.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Upstart in a research note on Thursday, August 8th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $31.50.

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.