Dave Girouard Sells 41,667 Shares of Upstart Holdings, Inc. (NASDAQ:UPST) Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CEO Dave Girouard sold 41,667 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $65.15, for a total value of $2,714,605.05. Following the completion of the transaction, the chief executive officer now owns 61,512 shares of the company’s stock, valued at $4,007,506.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Dave Girouard also recently made the following trade(s):

• On Tuesday, August 20th, Dave Girouard sold 3,361 shares of Upstart stock. The shares were sold at an average price of $38.35, for a total value of $128,894.35.

Upstart Price Performance

Shares of NASDAQ UPST opened at $67.80 on Thursday. The company has a market capitalization of $6.19 billion, a price-to-earnings ratio of -35.13 and a beta of 1.97. Upstart Holdings, Inc. has a 1-year low of $20.60 and a 1-year high of $86.07. The business has a 50-day moving average of $45.91 and a 200-day moving average of $34.26.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on UPST shares. Citigroup raised shares of Upstart from a “neutral” rating to a “buy” rating and raised their target price for the stock from $56.00 to $87.00 in a research report on Friday, November 8th. Needham & Company LLC reiterated a “hold” rating on shares of Upstart in a report on Thursday, August 8th. Barclays upped their price objective on Upstart from $25.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, August 12th. Mizuho lifted their target price on Upstart from $33.00 to $48.00 and gave the company an “outperform” rating in a report on Friday, September 20th. Finally, Piper Sandler upgraded Upstart from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $31.00 to $85.00 in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $46.83.

Hedge Funds Weigh In On Upstart

A number of institutional investors and hedge funds have recently bought and sold shares of UPST. Private Advisor Group LLC lifted its position in shares of Upstart by 13.6% during the first quarter. Private Advisor Group LLC now owns 17,936 shares of the company’s stock worth $482,000 after purchasing an additional 2,149 shares in the last quarter. Quantbot Technologies LP purchased a new position in Upstart in the 1st quarter valued at about $658,000. Swiss National Bank grew its stake in shares of Upstart by 1.6% during the first quarter. Swiss National Bank now owns 142,700 shares of the company’s stock valued at $3,837,000 after acquiring an additional 2,200 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Upstart by 10.1% during the first quarter. ProShare Advisors LLC now owns 13,342 shares of the company’s stock worth $359,000 after acquiring an additional 1,219 shares during the last quarter. Finally, Entropy Technologies LP acquired a new position in shares of Upstart in the first quarter worth about $1,358,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

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.