Upstart Holdings, Inc. (NASDAQ:UPST) Insider Natalia Mirgorodskaya Sells 1,340 Shares

Upstart Holdings, Inc. (NASDAQ:UPST - Get Free Report) insider Natalia Mirgorodskaya sold 1,340 shares of the stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $44.19, for a total transaction of $59,214.60. Following the sale, the insider now directly owns 24,623 shares in the company, valued at approximately $1,088,090.37. This represents a 5.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, May 20th, Natalia Mirgorodskaya sold 764 shares of Upstart stock. The shares were sold at an average price of $46.96, for a total transaction of $35,877.44.

Upstart Stock Performance

UPST stock traded down $0.02 during mid-day trading on Friday, hitting $46.67. 3,721,870 shares of the company were exchanged, compared to its average volume of 6,753,503. The firm has a market cap of $4.44 billion, a P/E ratio of -31.97 and a beta of 2.39. The firm's 50 day simple moving average is $45.24 and its 200 day simple moving average is $59.43. Upstart Holdings, Inc. has a 1-year low of $20.60 and a 1-year high of $96.43.

Upstart (NASDAQ:UPST - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.19 by $0.11. The firm had revenue of $213.37 million for the quarter, compared to the consensus estimate of $201.08 million. Upstart had a negative net margin of 20.20% and a negative return on equity of 25.87%. The business's quarterly revenue was up 67.0% on a year-over-year basis. During the same period last year, the company posted ($0.31) EPS. On average, equities research analysts predict that Upstart Holdings, Inc. will post -0.03 EPS for the current fiscal year.

Institutional Trading of Upstart

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Upstart by 2.8% in the first quarter. Vanguard Group Inc. now owns 8,014,656 shares of the company's stock valued at $368,915,000 after purchasing an additional 221,204 shares during the last quarter. Two Sigma Investments LP increased its holdings in Upstart by 20.1% during the fourth quarter. Two Sigma Investments LP now owns 1,922,770 shares of the company's stock worth $118,385,000 after buying an additional 321,366 shares during the last quarter. Fred Alger Management LLC increased its holdings in Upstart by 53.6% during the fourth quarter. Fred Alger Management LLC now owns 1,915,121 shares of the company's stock worth $117,914,000 after buying an additional 668,282 shares during the last quarter. Geode Capital Management LLC boosted its position in Upstart by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 1,846,438 shares of the company's stock worth $113,711,000 after purchasing an additional 29,664 shares during the period. Finally, Two Sigma Advisers LP boosted its position in Upstart by 190.2% during the fourth quarter. Two Sigma Advisers LP now owns 1,709,300 shares of the company's stock worth $105,242,000 after purchasing an additional 1,120,300 shares during the period. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on UPST shares. Barclays raised their target price on shares of Upstart from $42.00 to $47.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. Piper Sandler reduced their target price on shares of Upstart from $105.00 to $69.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 7th. Needham & Company LLC reaffirmed a "buy" rating and issued a $70.00 target price on shares of Upstart in a research note on Monday, May 19th. Citigroup raised their target price on shares of Upstart from $87.00 to $108.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. raised shares of Upstart from an "underweight" rating to a "neutral" rating and raised their target price for the company from $57.00 to $79.00 in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $63.81.

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.