Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sanjay Datta Sells 18,619 Shares

Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sanjay Datta sold 18,619 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $69.82, for a total transaction of $1,299,978.58. Following the transaction, the chief financial officer now owns 310,974 shares in the company, valued at approximately $21,712,204.68. This trade represents a 5.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, November 18th, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $68.56, for a total transaction of $102,840.00.
• On Monday, November 11th, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $79.54, for a total value of $119,310.00.
• On Monday, October 28th, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $51.70, for a total value of $77,550.00.
• On Monday, October 21st, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $53.81, for a total transaction of $80,715.00.
• On Monday, October 14th, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $48.68, for a total value of $73,020.00.
• On Monday, October 7th, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $41.29, for a total value of $61,935.00.
• On Monday, September 23rd, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were 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 transaction 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 transaction of $52,275.00.
• 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.

Upstart Trading Up 3.7 %

NASDAQ UPST opened at $74.06 on Friday. The stock has a fifty day simple moving average of $51.40 and a 200-day simple moving average of $36.68. The stock has a market cap of $6.76 billion, a PE ratio of -38.37 and a beta of 1.97. Upstart Holdings, Inc. has a twelve month low of $20.60 and a twelve month high of $86.07.

Hedge Funds Weigh In On Upstart

A number of hedge funds have recently made changes to their positions in the stock. Anfield Capital Management LLC acquired a new stake in shares of Upstart in the second quarter valued at $33,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Upstart in the third quarter valued at approximately $35,000. BNP Paribas purchased a new position in Upstart in the 3rd quarter valued at approximately $37,000. Blue Trust Inc. raised its stake in shares of Upstart by 125.3% in the third quarter. Blue Trust Inc. now owns 989 shares of the company’s stock valued at $40,000 after acquiring an additional 550 shares in the last quarter. Finally, Hollencrest Capital Management purchased a new position in Upstart in the third quarter valued at $40,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Wall Street Analyst Weigh In

UPST has been the topic of several research analyst reports. JPMorgan Chase & Co. upgraded shares of Upstart from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $30.00 to $45.00 in a research report on Friday, November 8th. Barclays lifted their price objective on Upstart from $25.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, August 12th. Wedbush increased their target price on Upstart from $45.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Mizuho lifted their price target on Upstart from $33.00 to $48.00 and gave the stock an “outperform” rating in a research note on Friday, September 20th. Finally, Piper Sandler raised Upstart from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $31.00 to $85.00 in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Upstart currently has a consensus rating of “Hold” and a consensus price target of $46.83.

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.