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

Key Points

• CEO Dave Girouard of Upstart Holdings sold 41,667 shares at an average price of $64.93, decreasing his ownership stake by 44.19% to 52,614 shares valued at approximately $3.4 million.
• Upstart's stock currently trades at $68.12, showing a 1.4% increase, while the company reported a significant 101.6% year-over-year revenue growth with earnings exceeding analyst expectations.
• Several research firms have recently assigned various ratings on Upstart shares, with a consensus rating of "Hold" and a target price of $78.54, reflecting mixed investor sentiment.

Upstart Holdings, Inc. (NASDAQ:UPST - Get Free Report) CEO Dave Girouard sold 41,667 shares of the business's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $64.93, for a total value of $2,705,438.31. Following the sale, the chief executive officer directly owned 52,614 shares in the company, valued at $3,416,227.02. This trade represents a 44.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, August 15th, Dave Girouard sold 41,667 shares of Upstart stock. The stock was sold at an average price of $63.27, for a total value of $2,636,271.09.
• On Tuesday, July 15th, Dave Girouard sold 41,667 shares of Upstart stock. The stock was sold at an average price of $75.07, for a total value 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 value of $2,502,103.35.

Upstart Stock Performance

NASDAQ:UPST traded down $0.16 during trading hours on Friday, hitting $67.89. 10,004,303 shares of the company's stock traded hands, compared to its average volume of 6,708,555. The firm has a market cap of $6.53 billion, a P/E ratio of -848.63 and a beta of 2.37. Upstart Holdings, Inc. has a twelve month low of $31.40 and a twelve month high of $96.43. The stock's fifty day moving average price is $71.39 and its two-hundred day moving average price is $58.42.

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on UPST. Needham & Company LLC reaffirmed a "buy" rating and issued a $82.00 target price (up from $70.00) on shares of Upstart in a research report on Wednesday, August 6th. The Goldman Sachs Group upgraded Upstart to a "sell" rating and set a $71.00 target price for the company in a research note on Monday, July 14th. Morgan Stanley restated an "equal weight" rating on shares of Upstart in a research note on Wednesday, August 6th. Piper Sandler increased their target price on Upstart from $75.00 to $90.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Finally, Stephens assumed coverage on Upstart in a research report on Thursday, June 12th. They issued an "equal weight" rating and a $55.00 price objective for the company. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $81.08.

Hedge Funds Weigh In On Upstart

Several institutional investors have recently bought and sold shares of UPST. Ameritas Advisory Services LLC acquired a new stake in shares of Upstart in the 2nd quarter valued at $34,000. Steward Partners Investment Advisory LLC grew its stake in Upstart by 72.1% in the second quarter. Steward Partners Investment Advisory LLC now owns 864 shares of the company's stock valued at $56,000 after acquiring an additional 362 shares during the period. State of Wyoming acquired a new position in Upstart in the second quarter valued at about $61,000. Mackenzie Financial Corp acquired a new position in shares of Upstart during the fourth quarter worth about $62,000. Finally, Daiwa Securities Group Inc. boosted its position in shares of Upstart by 29.1% during the second quarter. Daiwa Securities Group Inc. now owns 1,068 shares of the company's stock worth $69,000 after buying an additional 241 shares during the period. Institutional investors own 63.01% of the company's stock.

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.