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

Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sanjay Datta sold 1,500 shares of the stock in a transaction on Monday, October 7th. The shares were sold at an average price of $41.29, for a total value of $61,935.00. Following the completion of the transaction, the chief financial officer now owns 338,593 shares of the company’s stock, valued at $13,980,504.97. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 value 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 value 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 value of $52,275.00.
• On Tuesday, September 3rd, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $41.77, for a total value 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 value of $55,500.00.
• On Monday, August 5th, Sanjay Datta sold 1,000 shares of Upstart stock. The shares were sold at an average price of $20.98, for a total value of $20,980.00.
• On Monday, July 29th, Sanjay Datta sold 1,000 shares of Upstart stock. The shares were sold at an average price of $26.31, for a total value of $26,310.00.
• On Monday, July 22nd, Sanjay Datta sold 1,000 shares of Upstart stock. The shares were sold at an average price of $28.15, for a total value of $28,150.00.
• On Monday, July 15th, Sanjay Datta sold 1,000 shares of Upstart stock. The shares were sold at an average price of $27.80, for a total value of $27,800.00.

Upstart Trading Up 0.3 %

Shares of NASDAQ UPST traded up $0.15 during mid-day trading on Wednesday, reaching $43.04. 4,853,229 shares of the company’s stock were exchanged, compared to its average volume of 6,599,973. The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of -20.95 and a beta of 2.01. The business has a fifty day simple moving average of $37.21 and a 200 day simple moving average of $29.12. Upstart Holdings, Inc. has a twelve month low of $19.84 and a twelve month high of $49.62.

Upstart (NASDAQ:UPST) last posted its quarterly earnings data 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 business had revenue of $127.63 million during the quarter, compared to the consensus estimate of $124.55 million. Upstart had a negative return on equity of 32.01% and a negative net margin of 38.05%. Upstart’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period last year, the company earned ($0.34) earnings per share. Equities research analysts predict that Upstart Holdings, Inc. will post -2.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Anfield Capital Management LLC bought a new position in Upstart in the second quarter valued at approximately $33,000. Benjamin F. Edwards & Company Inc. grew its stake in Upstart by 80.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,743 shares of the company’s stock valued at $47,000 after purchasing an additional 778 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Upstart by 259.0% during the 2nd quarter. GAMMA Investing LLC now owns 2,204 shares of the company’s stock worth $52,000 after acquiring an additional 1,590 shares during the period. Comerica Bank boosted its stake in shares of Upstart by 144.0% during the 1st quarter. Comerica Bank now owns 2,313 shares of the company’s stock worth $62,000 after acquiring an additional 1,365 shares during the period. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Upstart by 18.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 2,657 shares of the company’s stock worth $63,000 after acquiring an additional 409 shares during the period. 63.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on UPST. Mizuho boosted their price target on Upstart from $33.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, September 20th. Wedbush reaffirmed an “underperform” rating and issued a $10.00 price target on shares of Upstart in a research note on Wednesday, August 7th. Needham & Company LLC reissued a “hold” rating on shares of Upstart in a research note on Thursday, August 8th. Citigroup raised Upstart from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $15.00 to $33.00 in a research note on Wednesday, August 7th. Finally, Barclays boosted their price objective on Upstart from $25.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Monday, August 12th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $27.61.

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.