Upstart Holdings, Inc. (NASDAQ:UPST) Insider Sells $457,701.98 in Stock

Upstart Holdings, Inc. (NASDAQ:UPST - Get Free Report) insider Natalia Mirgorodskaya sold 6,533 shares of the firm's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $70.06, for a total value of $457,701.98. Following the completion of the sale, the insider directly owned 24,623 shares in the company, valued at $1,725,087.38. The trade was a 20.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Natalia Mirgorodskaya also recently made the following trade(s):

• On Friday, May 23rd, Natalia Mirgorodskaya sold 1,340 shares of Upstart stock. The shares were sold at an average price of $44.19, for a total value of $59,214.60.
• On Tuesday, May 20th, Natalia Mirgorodskaya sold 764 shares of Upstart stock. The stock was sold at an average price of $46.96, for a total transaction of $35,877.44.

Upstart Trading Down 0.4%

UPST traded down $0.28 on Tuesday, hitting $76.07. 7,338,343 shares of the company's stock traded hands, compared to its average volume of 6,930,308. Upstart Holdings, Inc. has a one year low of $20.60 and a one year high of $96.43. The firm has a market cap of $7.24 billion, a price-to-earnings ratio of -101.43 and a beta of 2.37. The company's 50 day simple moving average is $54.35 and its 200-day simple moving average is $56.61.

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

Analyst Ratings Changes

UPST has been the subject of a number of analyst reports. The Goldman Sachs Group raised their target price on shares of Upstart from $15.00 to $16.50 and gave the company a "sell" rating in a research note on Thursday, May 8th. Bank of America raised Upstart from an "underperform" rating to a "neutral" rating and set a $53.00 target price for the company in a research report on Tuesday, April 29th. Stephens initiated coverage on shares of Upstart in a report on Thursday, June 12th. They set an "equal weight" rating and a $55.00 price target on the stock. Needham & Company LLC reissued a "buy" rating and set a $70.00 price objective on shares of Upstart in a report on Monday, May 19th. Finally, Morgan Stanley lowered their price objective on shares of Upstart from $70.00 to $50.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $67.42.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of UPST. Bank of New York Mellon Corp grew its holdings in Upstart by 27.3% in the 4th quarter. Bank of New York Mellon Corp now owns 274,482 shares of the company's stock valued at $16,900,000 after buying an additional 58,887 shares in the last quarter. US Bancorp DE increased its position in Upstart by 18.5% during the fourth quarter. US Bancorp DE now owns 10,704 shares of the company's stock worth $659,000 after purchasing an additional 1,672 shares during the last quarter. Jones Financial Companies Lllp raised its stake in Upstart by 3.1% during the fourth quarter. Jones Financial Companies Lllp now owns 5,511 shares of the company's stock worth $339,000 after purchasing an additional 167 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Upstart by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 657,118 shares of the company's stock valued at $40,459,000 after buying an additional 14,242 shares during the period. Finally, Atria Investments Inc acquired a new stake in shares of Upstart during the 4th quarter worth approximately $260,000. 63.01% of the stock is owned by hedge funds and other 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.