Upstart Holdings, Inc. (NASDAQ:UPST) CTO Paul Gu Sells 58,786 Shares of Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CTO Paul Gu sold 58,786 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $75.93, for a total transaction of $4,463,620.98. Following the transaction, the chief technology officer now owns 863,065 shares of the company’s stock, valued at $65,532,525.45. This represents a 6.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Thursday, November 21st, Paul Gu sold 21,214 shares of Upstart stock. The shares were sold at an average price of $75.03, for a total transaction of $1,591,686.42.
• On Friday, November 15th, Paul Gu sold 65,000 shares of Upstart stock. The stock was sold at an average price of $66.58, for a total transaction of $4,327,700.00.
• On Monday, October 14th, Paul Gu sold 20,000 shares of Upstart stock. The shares were sold at an average price of $50.26, for a total value of $1,005,200.00.
• On Friday, October 4th, Paul Gu sold 8,800 shares of Upstart stock. The shares were sold at an average price of $40.10, for a total value of $352,880.00.
• On Tuesday, October 1st, Paul Gu sold 36,200 shares of Upstart stock. The shares were sold at an average price of $39.22, for a total value of $1,419,764.00.
• On Tuesday, September 3rd, Paul Gu sold 45,000 shares of Upstart stock. The stock was sold at an average price of $40.86, for a total value of $1,838,700.00.

Upstart Stock Performance

Shares of NASDAQ:UPST opened at $78.43 on Thursday. The company has a market capitalization of $7.16 billion, a PE ratio of -40.64 and a beta of 1.97. The stock has a fifty day moving average of $53.91 and a 200-day moving average of $37.90. Upstart Holdings, Inc. has a one year low of $20.60 and a one year high of $86.07.

Institutional Investors Weigh In On Upstart

Several hedge funds have recently modified their holdings of the stock. Orion Capital Management LLC raised its holdings in Upstart by 5.1% during the 3rd quarter. Orion Capital Management LLC now owns 5,560 shares of the company’s stock worth $222,000 after buying an additional 270 shares during the period. Atomi Financial Group Inc. raised its holdings in shares of Upstart by 0.7% during the second quarter. Atomi Financial Group Inc. now owns 59,009 shares of the company’s stock valued at $1,392,000 after acquiring an additional 406 shares during the period. Daiwa Securities Group Inc. lifted its position in shares of Upstart by 18.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 2,657 shares of the company’s stock valued at $63,000 after acquiring an additional 409 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Upstart by 4.2% in the 2nd quarter. Principal Financial Group Inc. now owns 10,405 shares of the company’s stock worth $245,000 after purchasing an additional 422 shares during the period. Finally, Inspire Advisors LLC grew its position in Upstart by 3.0% during the 2nd quarter. Inspire Advisors LLC now owns 16,623 shares of the company’s stock worth $392,000 after purchasing an additional 480 shares in the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on UPST. Needham & Company LLC reaffirmed a “hold” rating on shares of Upstart in a report on Thursday, August 8th. Citigroup raised shares of Upstart from a “neutral” rating to a “buy” rating and upped their price target for the stock from $56.00 to $87.00 in a research note on Friday, November 8th. JPMorgan Chase & Co. upgraded shares of Upstart from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $30.00 to $45.00 in a research note on Friday, November 8th. Barclays boosted their target price on Upstart from $25.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, August 12th. Finally, Wedbush increased their price target on Upstart from $45.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $46.83.

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.