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

Upstart Holdings, Inc. (NASDAQ:UPST) CEO Dave Girouard sold 41,667 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $62.60, for a total transaction of $2,608,354.20. Following the sale, the chief executive officer now directly owns 57,138 shares of the company’s stock, valued at $3,576,838.80. This trade represents a 42.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, November 20th, Dave Girouard sold 4,374 shares of Upstart stock. The stock was sold at an average price of $69.79, for a total value of $305,261.46.
• On Friday, November 15th, Dave Girouard sold 41,667 shares of Upstart stock. The shares were sold at an average price of $65.41, for a total value of $2,725,438.47.
• On Friday, November 8th, Dave Girouard sold 41,667 shares of Upstart stock. The stock was sold at an average price of $65.15, for a total value of $2,714,605.05.

Upstart Price Performance

Shares of UPST stock traded down $1.54 during trading hours on Friday, hitting $62.96. The stock had a trading volume of 4,392,801 shares, compared to its average volume of 4,611,311. The stock’s 50-day moving average price is $70.20 and its two-hundred day moving average price is $49.02. Upstart Holdings, Inc. has a one year low of $20.60 and a one year high of $88.95. The stock has a market capitalization of $5.74 billion, a price-to-earnings ratio of -32.62 and a beta of 2.26.

Institutional Trading of Upstart

Large investors have recently made changes to their positions in the business. Rhumbline Advisers raised its position in Upstart by 6.9% during the second quarter. Rhumbline Advisers now owns 113,697 shares of the company’s stock valued at $2,682,000 after purchasing an additional 7,386 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in Upstart by 9.6% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 27,049 shares of the company’s stock valued at $635,000 after buying an additional 2,370 shares during the period. Benjamin F. Edwards & Company Inc. lifted its position in Upstart by 96.2% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,420 shares of the company’s stock worth $81,000 after buying an additional 1,677 shares during the last quarter. ProShare Advisors LLC boosted its stake in Upstart by 49.1% during the second quarter. ProShare Advisors LLC now owns 19,894 shares of the company’s stock worth $469,000 after buying an additional 6,552 shares during the period. Finally, Millennium Management LLC increased its position in Upstart by 1,792.9% during the second quarter. Millennium Management LLC now owns 262,396 shares of the company’s stock valued at $6,190,000 after acquiring an additional 277,896 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on UPST shares. Piper Sandler raised shares of Upstart from a “neutral” rating to an “overweight” rating and raised their price target for the company from $31.00 to $85.00 in a report on Friday, November 8th. Citigroup upgraded 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 report on Friday, November 8th. Redburn Atlantic raised shares of Upstart from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $37.00 to $95.00 in a research report on Tuesday, December 3rd. Mizuho increased their price target on Upstart from $33.00 to $48.00 and gave the company an “outperform” rating in a report on Friday, September 20th. Finally, JPMorgan Chase & Co. lowered Upstart from a “neutral” rating to an “underweight” rating and lifted their price objective for the stock from $45.00 to $57.00 in a report on Monday, December 2nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Upstart has an average rating of “Hold” and an average price target of $61.80.

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.