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

Upstart Holdings, Inc. (NASDAQ:UPST - Get Free Report) CEO Dave Girouard sold 41,667 shares of Upstart stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $60.05, for a total transaction of $2,502,103.35. Following the completion of the sale, the chief executive officer now owns 52,614 shares of the company's stock, valued at $3,159,470.70. This trade represents a 44.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Dave Girouard also recently made the following trade(s):

• On Wednesday, June 11th, Dave Girouard sold 41,667 shares of Upstart stock. The stock was sold at an average price of $60.11, for a total value of $2,504,603.37.

Upstart Price Performance

Shares of UPST stock traded up $5.78 during trading hours on Tuesday, reaching $64.85. The stock had a trading volume of 11,263,783 shares, compared to its average volume of 6,806,157. The firm has a 50-day simple moving average of $49.29 and a 200-day simple moving average of $57.18. The firm has a market capitalization of $6.17 billion, a PE ratio of -86.47 and a beta of 2.29. Upstart Holdings, Inc. has a twelve month low of $20.60 and a twelve month high of $96.43.

Upstart (NASDAQ:UPST - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.11. Upstart had a negative return on equity of 15.27% and a negative net margin of 9.20%. The business had revenue of $213.37 million during the quarter, compared to the consensus estimate of $201.08 million. During the same period in the previous year, the firm posted ($0.31) earnings per share. The business's revenue was up 67.0% on a year-over-year basis. On average, equities analysts anticipate that Upstart Holdings, Inc. will post -0.03 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of UPST. Two Sigma Advisers LP increased its position in shares of Upstart by 190.2% during the 4th quarter. Two Sigma Advisers LP now owns 1,709,300 shares of the company's stock valued at $105,242,000 after purchasing an additional 1,120,300 shares during the period. Marshall Wace LLP grew its holdings in Upstart by 300.2% during the fourth quarter. Marshall Wace LLP now owns 1,061,512 shares of the company's stock worth $65,357,000 after acquiring an additional 796,252 shares during the period. Fuller & Thaler Asset Management Inc. bought a new stake in Upstart in the fourth quarter worth about $43,697,000. Fred Alger Management LLC lifted its holdings in Upstart by 53.6% in the 4th quarter. Fred Alger Management LLC now owns 1,915,121 shares of the company's stock valued at $117,914,000 after acquiring an additional 668,282 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of Upstart by 886.0% during the 4th quarter. Invesco Ltd. now owns 709,684 shares of the company's stock valued at $43,695,000 after purchasing an additional 637,706 shares in the last quarter. Institutional investors own 63.01% of the company's stock.

Analysts Set New Price Targets

UPST has been the topic of several analyst reports. Needham & Company LLC reiterated a "buy" rating and issued a $70.00 price objective on shares of Upstart in a research note on Monday, May 19th. Morgan Stanley cut their price target on shares of Upstart from $70.00 to $50.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 7th. The Goldman Sachs Group boosted their price objective on Upstart from $15.00 to $16.50 and gave the company a "sell" rating in a research note on Thursday, May 8th. Piper Sandler started coverage on shares of Upstart in a research note on Tuesday. They issued an "overweight" rating and a $75.00 target price for the company. Finally, Barclays raised their target price on Upstart from $42.00 to $47.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Upstart has a consensus rating of "Hold" and a consensus target price of $67.42.

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.

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