Sanjay Datta Sells 18,619 Shares of Upstart Holdings, Inc. (NASDAQ:UPST) Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sanjay Datta sold 18,619 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $69.82, for a total transaction of $1,299,978.58. Following the transaction, the chief financial officer now owns 310,974 shares of the company’s stock, valued at approximately $21,712,204.68. The trade was a 5.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Sanjay Datta also recently made the following trade(s):

• On Monday, November 18th, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $68.56, for a total value of $102,840.00.
• On Monday, November 11th, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $79.54, for a total transaction of $119,310.00.
• On Monday, October 28th, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $51.70, for a total transaction of $77,550.00.
• On Monday, October 21st, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $53.81, for a total transaction of $80,715.00.
• On Monday, October 14th, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $48.68, for a total transaction of $73,020.00.
• On Monday, October 7th, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $41.29, for a total value of $61,935.00.
• On Monday, September 23rd, Sanjay Datta sold 1,500 shares of Upstart stock. The stock was sold at an average price of $40.00, for a total transaction of $60,000.00.
• On Monday, September 16th, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $34.42, for a total transaction of $51,630.00.
• On Monday, September 9th, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $34.85, for a total value of $52,275.00.
• On Tuesday, September 3rd, Sanjay Datta sold 1,500 shares of Upstart stock. The shares were sold at an average price of $41.77, for a total transaction of $62,655.00.

Upstart Stock Up 3.7 %

NASDAQ:UPST opened at $74.06 on Friday. The company has a market cap of $6.76 billion, a P/E ratio of -38.37 and a beta of 1.97. The firm’s 50 day moving average is $51.40 and its two-hundred day moving average is $36.68. Upstart Holdings, Inc. has a fifty-two week low of $20.60 and a fifty-two week high of $86.07.

Institutional Trading of Upstart

A number of institutional investors and hedge funds have recently bought and sold shares of UPST. Vanguard Group Inc. lifted its position in Upstart by 1.6% during the first quarter. Vanguard Group Inc. now owns 7,128,975 shares of the company’s stock valued at $191,698,000 after buying an additional 115,057 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Upstart by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,816,774 shares of the company’s stock valued at $72,702,000 after acquiring an additional 29,482 shares in the last quarter. Fred Alger Management LLC lifted its holdings in shares of Upstart by 153.2% during the 3rd quarter. Fred Alger Management LLC now owns 1,246,839 shares of the company’s stock valued at $49,886,000 after acquiring an additional 754,416 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in Upstart by 63.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 725,582 shares of the company’s stock worth $29,031,000 after purchasing an additional 282,481 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Upstart by 5.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 642,876 shares of the company’s stock valued at $25,721,000 after purchasing an additional 32,052 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Mizuho lifted their price target on Upstart from $33.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, September 20th. Needham & Company LLC restated a “hold” rating on shares of Upstart in a research report on Thursday, August 8th. Barclays increased their price target on shares of Upstart from $25.00 to $35.00 and gave the company an “equal weight” rating in a report on Monday, August 12th. Piper Sandler upgraded shares of Upstart from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $31.00 to $85.00 in a research note on Friday, November 8th. Finally, BTIG Research upgraded shares of Upstart from a “sell” rating to a “neutral” rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Upstart presently has an average rating of “Hold” and an average price target of $46.83.

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.