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

Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sanjay Datta sold 1,500 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $34.85, for a total value of $52,275.00. Following the completion of the transaction, the chief financial officer now owns 344,593 shares of the company’s stock, valued at $12,009,066.05. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, September 3rd, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was 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 shares were 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 transaction of $20,980.00.
• On Monday, July 29th, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $26.31, for a total transaction 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 transaction of $28,150.00.
• On Monday, July 15th, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $27.80, for a total transaction of $27,800.00.
• On Monday, July 8th, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $23.41, for a total value of $23,410.00.
• On Monday, July 1st, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $23.63, for a total value of $23,630.00.
• On Monday, June 24th, Sanjay Datta sold 1,000 shares of Upstart stock. The shares were sold at an average price of $21.68, for a total value of $21,680.00.

Upstart Trading Up 5.4 %

NASDAQ UPST opened at $38.03 on Friday. The company has a market cap of $3.40 billion, a P/E ratio of -18.46 and a beta of 2.03. The company has a fifty day simple moving average of $33.02 and a 200 day simple moving average of $27.43. Upstart Holdings, Inc. has a 12-month low of $19.84 and a 12-month high of $49.62.

Upstart (NASDAQ:UPST) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.22. Upstart had a negative net margin of 38.05% and a negative return on equity of 32.01%. The firm had revenue of $127.63 million during the quarter, compared to analysts’ expectations of $124.55 million. During the same period last year, the company earned ($0.34) earnings per share. The business’s revenue was down 6.0% on a year-over-year basis. Sell-side analysts predict that Upstart Holdings, Inc. will post -2.39 EPS for the current year.

Institutional Trading of Upstart

Institutional investors and hedge funds have recently modified their holdings of the stock. Newbridge Financial Services Group Inc. raised its position in Upstart by 10.4% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 9,589 shares of the company’s stock valued at $226,000 after buying an additional 900 shares during the last quarter. Algert Global LLC bought a new position in shares of Upstart during the second quarter valued at about $255,000. The Manufacturers Life Insurance Company boosted its holdings in Upstart by 7.2% during the second quarter. The Manufacturers Life Insurance Company now owns 44,301 shares of the company’s stock worth $1,045,000 after purchasing an additional 2,976 shares during the last quarter. Millennium Management LLC grew its position in Upstart by 1,792.9% in the 2nd quarter. Millennium Management LLC now owns 262,396 shares of the company’s stock worth $6,190,000 after purchasing an additional 277,896 shares in the last quarter. Finally, ProShare Advisors LLC increased its stake in Upstart by 49.1% in the 2nd quarter. ProShare Advisors LLC now owns 19,894 shares of the company’s stock valued at $469,000 after buying an additional 6,552 shares during the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Citigroup raised shares of Upstart from a “sell” rating to a “neutral” rating and upped their price objective for the company from $15.00 to $33.00 in a research note on Wednesday, August 7th. Mizuho upgraded Upstart from an “underperform” rating to an “outperform” rating and increased their price target for the stock from $17.00 to $31.00 in a report on Wednesday, July 31st. Redburn Atlantic upgraded Upstart from a “sell” rating to a “neutral” rating and upped their target price for the company from $22.50 to $25.50 in a research report on Tuesday, June 4th. Barclays lifted 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, Piper Sandler increased their price target on Upstart from $28.00 to $31.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Upstart currently has an average rating of “Hold” and an average target price of $26.75.

Upstart Company Profile

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.