Sanjay Datta Sells 1,000 Shares of Upstart Holdings, Inc. (NASDAQ:UPST) Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sanjay Datta sold 1,000 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $23.63, for a total value of $23,630.00. Following the completion of the sale, the chief financial officer now directly owns 376,398 shares of the company’s stock, valued at $8,894,284.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, June 24th, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $21.68, for a total value of $21,680.00.
• On Monday, June 3rd, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $25.49, for a total transaction of $25,490.00.
• On Tuesday, May 28th, Sanjay Datta sold 1,000 shares of Upstart stock. The shares were sold at an average price of $23.71, for a total transaction of $23,710.00.
• On Monday, May 20th, Sanjay Datta sold 18,138 shares of Upstart stock. The stock was sold at an average price of $25.61, for a total value of $464,514.18.

Upstart Trading Up 0.4 %

NASDAQ:UPST opened at $23.07 on Friday. The company has a fifty day moving average of $24.06 and a 200 day moving average of $28.02. Upstart Holdings, Inc. has a 52 week low of $19.84 and a 52 week high of $72.58.

Upstart (NASDAQ:UPST) last posted its earnings results on Tuesday, May 7th. The company reported ($0.74) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.80) by $0.06. The company had revenue of $127.79 million for the quarter, compared to analysts’ expectations of $124.82 million. Upstart had a negative return on equity of 27.89% and a negative net margin of 32.59%. On average, sell-side analysts predict that Upstart Holdings, Inc. will post -2.67 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on UPST shares. Bank of America began coverage on Upstart in a report on Thursday, April 4th. They set an “underperform” rating and a $22.00 target price for the company. JMP Securities reissued a “market perform” rating on shares of Upstart in a report on Wednesday, April 17th. Mizuho dropped their price objective on shares of Upstart from $23.00 to $17.00 and set an “underperform” rating for the company in a report on Thursday, May 9th. Redburn Atlantic upgraded Upstart from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $22.50 to $25.50 in a report on Tuesday, June 4th. Finally, BTIG Research began coverage on Upstart in a research report on Friday, June 7th. They set a “sell” rating and a $14.00 price objective on the stock. Six equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat, Upstart currently has an average rating of “Hold” and an average target price of $21.65.

Institutional Trading of Upstart

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UPST. Norges Bank purchased a new position in Upstart during the 4th quarter valued at $19,017,000. International Assets Investment Management LLC lifted its holdings in Upstart by 3,532.7% in the fourth quarter. International Assets Investment Management LLC now owns 329,740 shares of the company’s stock worth $13,473,000 after buying an additional 320,663 shares during the period. Vanguard Group Inc. grew its holdings in shares of Upstart by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 7,013,918 shares of the company’s stock worth $286,589,000 after acquiring an additional 157,719 shares during the period. Seven Eight Capital LP raised its position in shares of Upstart by 349.1% in the 1st quarter. Seven Eight Capital LP now owns 189,385 shares of the company’s stock worth $5,093,000 after acquiring an additional 147,213 shares in the last quarter. Finally, Magnetar Financial LLC lifted its stake in shares of Upstart by 1,106.7% in the 1st quarter. Magnetar Financial LLC now owns 97,281 shares of the company’s stock valued at $2,616,000 after purchasing an additional 89,219 shares during the period. 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.