Insider Selling: Upstart Holdings, Inc. (NASDAQ:UPST) Director Sells 500 Shares of Stock

Upstart Holdings, Inc. (NASDAQ:UPST - Get Free Report) Director Kerry Whorton Cooper sold 500 shares of Upstart stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $46.92, for a total transaction of $23,460.00. Following the transaction, the director now directly owns 25,934 shares in the company, valued at approximately $1,216,823.28. This represents a 1.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Upstart Stock Performance

UPST traded up $2.78 during midday trading on Friday, hitting $54.16. The stock had a trading volume of 3,529,778 shares, compared to its average volume of 6,138,578. Upstart Holdings, Inc. has a 1 year low of $20.60 and a 1 year high of $96.43. The business has a fifty day moving average of $45.35 and a 200 day moving average of $58.94. The company has a market cap of $5.15 billion, a P/E ratio of -37.09 and a beta of 2.29.

Upstart (NASDAQ:UPST - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.19 by $0.11. The company had revenue of $213.37 million for the quarter, compared to analyst estimates of $201.08 million. Upstart had a negative net margin of 20.20% and a negative return on equity of 25.87%. The firm's quarterly revenue was up 67.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.31) EPS. On average, equities research 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 made changes to their positions in UPST. Blair William & Co. IL purchased a new position in shares of Upstart in the fourth quarter valued at about $222,000. Vanguard Group Inc. increased its holdings in Upstart by 5.0% during the 4th quarter. Vanguard Group Inc. now owns 7,793,452 shares of the company's stock valued at $479,843,000 after purchasing an additional 369,640 shares during the period. Vontobel Holding Ltd. bought a new position in Upstart during the 4th quarter valued at approximately $234,000. Cerity Partners LLC bought a new stake in shares of Upstart in the 4th quarter worth approximately $209,000. Finally, Symmetry Partners LLC bought a new position in shares of Upstart during the fourth quarter valued at approximately $314,000. Institutional investors own 63.01% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on UPST. B. Riley upgraded Upstart from a "neutral" rating to a "buy" rating and boosted their target price for the company from $49.00 to $105.00 in a research note on Wednesday, February 12th. The Goldman Sachs Group boosted their price target on shares of Upstart from $15.00 to $16.50 and gave the company a "sell" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. upgraded shares of Upstart from an "underweight" rating to a "neutral" rating and upped their price target for the company from $57.00 to $79.00 in a research note on Wednesday, February 12th. Morgan Stanley lowered their target price on shares of Upstart from $70.00 to $50.00 and set an "equal weight" rating on the stock in a report on Wednesday, May 7th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $70.00 price target on shares of Upstart in a report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $63.81.

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.