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

Key Points

• CEO Dave Girouard of Upstart Holdings sold 41,667 shares of stock at $63.27 per share, totaling approximately $2.64 million, resulting in a 44.19% decrease in his ownership.
• Upstart's stock has seen a 5.7% decline and traded down to $61.58, with a 12-month range between $31.40 and $96.43.
• The company reported quarterly earnings of $0.36 per share, exceeding estimates, with revenue increasing by 101.6% year-over-year to $257.29 million.

Upstart Holdings, Inc. (NASDAQ:UPST - Get Free Report) CEO Dave Girouard sold 41,667 shares of the stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $63.27, for a total transaction of $2,636,271.09. Following the completion of the sale, the chief executive officer directly owned 52,614 shares in the company, valued at approximately $3,328,887.78. The trade was a 44.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Tuesday, July 15th, Dave Girouard sold 41,667 shares of Upstart stock. The shares were sold at an average price of $75.07, for a total transaction of $3,127,941.69.
• On Friday, June 20th, Dave Girouard sold 41,667 shares of Upstart stock. The shares were sold at an average price of $60.05, for a total transaction of $2,502,103.35.
• On Wednesday, June 11th, Dave Girouard sold 41,667 shares of Upstart stock. The shares were sold at an average price of $60.11, for a total transaction of $2,504,603.37.

Upstart Trading Down 5.7%

Shares of UPST stock traded down $3.72 during trading hours on Tuesday, hitting $61.58. 5,042,848 shares of the company's stock were exchanged, compared to its average volume of 7,617,719. Upstart Holdings, Inc. has a 12-month low of $31.40 and a 12-month high of $96.43. The business's 50 day simple moving average is $70.26 and its 200-day simple moving average is $59.01.

Upstart (NASDAQ:UPST - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.27 by $0.09. Upstart had a negative net margin of 0.75% and a negative return on equity of 5.95%. The firm had revenue of $257.29 million for the quarter, compared to the consensus estimate of $225.35 million. During the same period last year, the firm posted ($0.17) earnings per share. The business's revenue was up 101.6% compared to the same quarter last year. Upstart has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts predict that Upstart Holdings, Inc. will post -0.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

UPST has been the topic of several recent analyst reports. Barclays lifted 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. Piper Sandler lifted their price target on Upstart from $75.00 to $90.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Stephens assumed coverage on Upstart in a research report on Thursday, June 12th. They issued an "equal weight" rating and a $55.00 price target for the company. The Goldman Sachs Group raised Upstart to a "sell" rating and set a $71.00 target price for the company in a research report on Monday, July 14th. Finally, Morgan Stanley restated an "equal weight" rating on shares of Upstart in a research note on Wednesday, August 6th. Five equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $77.85.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. boosted its stake in Upstart by 16.8% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 10,064 shares of the company's stock worth $651,000 after purchasing an additional 1,445 shares during the period. Marex Group plc purchased a new stake in shares of Upstart during the 2nd quarter worth approximately $11,820,000. Advisory Services Network LLC raised its holdings in shares of Upstart by 5.3% during the 2nd quarter. Advisory Services Network LLC now owns 5,399 shares of the company's stock worth $349,000 after acquiring an additional 272 shares in the last quarter. State of Wyoming purchased a new stake in shares of Upstart during the 2nd quarter worth approximately $61,000. Finally, Caxton Associates LLP purchased a new stake in shares of Upstart during the 2nd quarter worth approximately $274,000. 63.01% of the stock is currently owned by institutional investors.

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.

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