Insider Selling: Upstart Holdings, Inc. (NASDAQ:UPST) CTO Sells 15,000 Shares of Stock

Upstart Holdings, Inc. (NASDAQ:UPSTGet Free Report) CTO Paul Gu sold 15,000 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $25.20, for a total value of $378,000.00. Following the sale, the chief technology officer now owns 894,629 shares of the company’s stock, valued at approximately $22,544,650.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

  • On Monday, May 20th, Paul Gu sold 15,131 shares of Upstart stock. The shares were sold at an average price of $25.61, for a total value of $387,504.91.
  • On Wednesday, May 15th, Paul Gu sold 80,000 shares of Upstart stock. The stock was sold at an average price of $29.52, for a total transaction of $2,361,600.00.
  • On Monday, April 1st, Paul Gu sold 60,000 shares of Upstart stock. The shares were sold at an average price of $26.31, for a total transaction of $1,578,600.00.

Upstart Price Performance

Shares of UPST opened at $26.87 on Friday. The stock has a 50 day simple moving average of $24.46 and a 200-day simple moving average of $29.21. Upstart Holdings, Inc. has a 1 year low of $19.84 and a 1 year high of $72.58.

Upstart (NASDAQ:UPSTGet Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The company reported ($0.74) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.80) by $0.06. Upstart had a negative return on equity of 27.89% and a negative net margin of 32.59%. The company had revenue of $127.79 million during the quarter, compared to analysts’ expectations of $124.82 million. As a group, research analysts forecast that Upstart Holdings, Inc. will post -2.67 earnings per share for the current year.

Wall Street Analyst Weigh In

UPST has been the subject of several research analyst reports. Bank of America assumed coverage on Upstart in a research report on Thursday, April 4th. They set an “underperform” rating and a $22.00 price objective for the company. JPMorgan Chase & Co. reduced their price objective on Upstart from $26.00 to $24.00 and set an “underweight” rating for the company in a research report on Wednesday, February 14th. JMP Securities reaffirmed a “market perform” rating on shares of Upstart in a research report on Wednesday, April 17th. Piper Sandler reiterated a “neutral” rating and set a $28.00 target price on shares of Upstart in a research note on Tuesday, March 19th. Finally, Wedbush reaffirmed an “underperform” rating and set a $10.00 price objective on shares of Upstart in a research report on Wednesday, May 8th. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, Upstart has a consensus rating of “Hold” and an average price target of $26.65.

Check Out Our Latest Stock Analysis on UPST

Hedge Funds Weigh In On Upstart

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UPST. GAMMA Investing LLC bought a new position in shares of Upstart in the fourth quarter valued at approximately $25,000. Benjamin F. Edwards & Company Inc. increased its stake in shares of 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 buying an additional 778 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Upstart in the third quarter valued at about $51,000. Strs Ohio acquired a new position in Upstart during the 4th quarter worth about $57,000. Finally, ICA Group Wealth Management LLC bought a new stake in Upstart during the 4th quarter worth about $61,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Upstart Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Upstart (NASDAQ:UPST)

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