Upstart Holdings, Inc. (NASDAQ:UPST) CEO Dave Girouard Sells 41,667 Shares

Upstart Holdings, Inc. (NASDAQ:UPST) CEO Dave Girouard sold 41,667 shares of the stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $60.11, for a total transaction of $2,504,603.37. Following the completion of the transaction, the chief executive officer now directly owns 52,614 shares of the company’s stock, valued at approximately $3,162,627.54. The trade was a 44.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Upstart Price Performance

Shares of UPST stock opened at $52.02 on Friday. The company has a market capitalization of $4.95 billion, a price-to-earnings ratio of -35.63 and a beta of 2.29. Upstart Holdings, Inc. has a one year low of $20.60 and a one year high of $96.43. The company’s fifty day moving average price is $47.21 and its 200-day moving average price is $58.17.

Upstart (NASDAQ:UPST) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.19 by $0.11. The firm had revenue of $213.37 million for the quarter, compared to the consensus estimate of $201.08 million. Upstart had a negative net margin of 20.20% and a negative return on equity of 25.87%. The company’s revenue was up 67.0% on a year-over-year basis. During the same period last year, the firm earned ($0.31) EPS. Equities research analysts expect that Upstart Holdings, Inc. will post -0.03 earnings per share for the current fiscal year.

Institutional Trading of Upstart

Several institutional investors and hedge funds have recently modified their holdings of the company. Rakuten Securities Inc. purchased a new position in Upstart during the fourth quarter valued at $31,000. Virtus Fund Advisers LLC purchased a new position in Upstart during the fourth quarter valued at $32,000. Farther Finance Advisors LLC grew its stake in Upstart by 24.2% during the fourth quarter. Farther Finance Advisors LLC now owns 882 shares of the company’s stock valued at $54,000 after acquiring an additional 172 shares in the last quarter. Mackenzie Financial Corp purchased a new position in Upstart during the fourth quarter valued at $62,000. Finally, GAMMA Investing LLC grew its stake in shares of Upstart by 23.3% in the 1st quarter. GAMMA Investing LLC now owns 1,662 shares of the company’s stock worth $77,000 after buying an additional 314 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Piper Sandler cut their price objective on shares of Upstart from $105.00 to $69.00 and set an “overweight” rating on the stock in a report on Wednesday, May 7th. Needham & Company LLC restated a “buy” rating and issued a $70.00 price objective on shares of Upstart in a report on Monday, May 19th. Bank of America upgraded shares of Upstart from an “underperform” rating to a “neutral” rating and set a $53.00 price objective on the stock in a report on Tuesday, April 29th. Barclays increased their price target on shares of Upstart from $42.00 to $47.00 and gave the company an “equal weight” rating in a report on Monday, May 12th. Finally, Stephens started coverage on shares of Upstart in a report on Thursday. They set an “equal weight” rating and a $55.00 price target on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $66.96.

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.