Upstart Holdings, Inc. (NASDAQ:UPST) Insider Natalia Mirgorodskaya Sells 4,000 Shares

Upstart Holdings, Inc. (NASDAQ:UPST - Get Free Report) insider Natalia Mirgorodskaya sold 4,000 shares of Upstart stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $80.07, for a total transaction of $320,280.00. Following the transaction, the insider directly owned 24,623 shares in the company, valued at $1,971,563.61. This represents a 13.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, July 2nd, Natalia Mirgorodskaya sold 6,533 shares of Upstart stock. The stock was sold at an average price of $70.06, for a total transaction of $457,701.98.
• On Friday, May 23rd, Natalia Mirgorodskaya sold 1,340 shares of Upstart stock. The stock was sold at an average price of $44.19, for a total transaction 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 Price Performance

Shares of UPST traded down $3.41 during midday trading on Friday, hitting $75.62. 5,279,772 shares of the company traded hands, compared to its average volume of 6,935,500. The stock has a 50-day moving average of $56.64 and a 200-day moving average of $56.94. 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 $7.19 billion, a P/E ratio of -100.83 and a beta of 2.37.

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

Wall Street Analysts Forecast Growth

UPST has been the topic of a number of research analyst reports. Bank of America raised shares of Upstart from an "underperform" rating to a "neutral" rating and set a $53.00 price target on the stock in a report on Tuesday, April 29th. Morgan Stanley dropped their price objective 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. The Goldman Sachs Group upped their price objective on shares of Upstart from $15.00 to $16.50 and gave the company a "sell" rating in a report on Thursday, May 8th. Barclays upped their price objective 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. Finally, Stephens began coverage on shares of Upstart in a report on Thursday, June 12th. They set an "equal weight" rating and a $55.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Upstart currently has a consensus rating of "Hold" and a consensus target price of $67.42.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Rakuten Securities Inc. bought a new position in shares of Upstart in the fourth quarter worth approximately $31,000. Virtus Fund Advisers LLC bought a new position in shares of Upstart in the fourth quarter worth approximately $32,000. Farther Finance Advisors LLC increased its position in shares of Upstart by 24.2% in the fourth quarter. Farther Finance Advisors LLC now owns 882 shares of the company's stock worth $54,000 after purchasing an additional 172 shares during the last quarter. Mackenzie Financial Corp bought a new position in shares of Upstart in the fourth quarter worth approximately $62,000. Finally, Ancora Advisors LLC increased its position in shares of Upstart by 31.3% in the fourth quarter. Ancora Advisors LLC now owns 1,575 shares of the company's stock worth $97,000 after purchasing an additional 375 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors.

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.