Paul Gu Sells 36,200 Shares of Upstart Holdings, Inc. (NASDAQ:UPST) Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CTO Paul Gu sold 36,200 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $39.22, for a total transaction of $1,419,764.00. Following the completion of the sale, the chief technology officer now owns 878,565 shares in the company, valued at approximately $34,457,319.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Tuesday, August 20th, Paul Gu sold 16,064 shares of Upstart stock. The stock was sold at an average price of $38.62, for a total transaction of $620,365.98.
• On Tuesday, September 3rd, Paul Gu sold 45,000 shares of Upstart stock. The shares were sold at an average price of $40.86, for a total transaction of $1,838,700.00.
• On Monday, August 19th, Paul Gu sold 10,000 shares of Upstart stock. The stock was sold at an average price of $40.01, for a total value of $400,100.00.
• On Monday, July 15th, Paul Gu sold 10,000 shares of Upstart stock. The shares were sold at an average price of $30.05, for a total value of $300,500.00.
• On Thursday, July 11th, Paul Gu sold 10,000 shares of Upstart stock. The stock was sold at an average price of $25.88, for a total transaction of $258,800.00.

Upstart Stock Up 6.1 %

Upstart stock opened at $41.30 on Friday. The stock has a 50-day simple moving average of $36.27 and a 200 day simple moving average of $28.73. The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of -20.05 and a beta of 2.01. Upstart Holdings, Inc. has a 12-month low of $19.84 and a 12-month high of $49.62.

Upstart (NASDAQ:UPST) last announced its earnings results 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 company had revenue of $127.63 million for the quarter, compared to analyst estimates of $124.55 million. Upstart had a negative net margin of 38.05% and a negative return on equity of 32.01%. Upstart’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period in the prior year, the business earned ($0.34) earnings per share. As a group, sell-side analysts anticipate that Upstart Holdings, Inc. will post -2.39 EPS for the current year.

Hedge Funds Weigh In On Upstart

Several large investors have recently made changes to their positions in the company. Anfield Capital Management LLC acquired a new stake in Upstart in the second quarter worth about $33,000. Benjamin F. Edwards & Company Inc. grew its position in shares of Upstart by 80.6% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,743 shares of the company’s stock worth $47,000 after buying an additional 778 shares during the period. GAMMA Investing LLC raised its stake in shares of Upstart by 259.0% during the second quarter. GAMMA Investing LLC now owns 2,204 shares of the company’s stock worth $52,000 after buying an additional 1,590 shares during the last quarter. Comerica Bank lifted its holdings in Upstart by 144.0% in the first quarter. Comerica Bank now owns 2,313 shares of the company’s stock valued at $62,000 after buying an additional 1,365 shares during the period. Finally, Daiwa Securities Group Inc. boosted its stake in Upstart by 18.2% in the second 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 during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on UPST. JPMorgan Chase & Co. raised their price objective on shares of Upstart from $27.00 to $30.00 and gave the stock an “underweight” rating in a report on Tuesday, August 20th. Barclays raised their price target on shares of Upstart from $25.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Monday, August 12th. Wedbush reiterated an “underperform” rating and issued a $10.00 price objective on shares of Upstart in a research note on Wednesday, August 7th. Needham & Company LLC restated a “hold” rating on shares of Upstart in a research report on Thursday, August 8th. Finally, Citigroup upgraded Upstart from a “sell” rating to a “neutral” rating and upped their price target for the company from $15.00 to $33.00 in a research report on Wednesday, August 7th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.