Upstart Holdings, Inc. (NASDAQ:UPST) Insider Sells $105,543.35 in Stock

Upstart Holdings, Inc. (NASDAQ:UPST) insider Natalia Mirgorodskaya sold 1,511 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $69.85, for a total value of $105,543.35. Following the transaction, the insider now directly owns 20,007 shares in the company, valued at approximately $1,397,488.95. This represents a 7.02 % decrease in their position. 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 Tuesday, September 3rd, Natalia Mirgorodskaya sold 5,000 shares of Upstart stock. The stock was sold at an average price of $41.03, for a total value of $205,150.00.

Upstart Stock Up 3.7 %

Shares of NASDAQ UPST opened at $74.06 on Friday. Upstart Holdings, Inc. has a 12 month low of $20.60 and a 12 month high of $86.07. The company has a market cap of $6.76 billion, a price-to-earnings ratio of -38.37 and a beta of 1.97. The business has a fifty day simple moving average of $51.40 and a 200-day simple moving average of $36.68.

Analyst Upgrades and Downgrades

A number of research firms have commented on UPST. Barclays increased their target price on Upstart from $25.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, August 12th. Citigroup upgraded Upstart from a “neutral” rating to a “buy” rating and raised their target price for the company from $56.00 to $87.00 in a research report on Friday, November 8th. Needham & Company LLC reiterated a “hold” rating on shares of Upstart in a research report on Thursday, August 8th. Piper Sandler upgraded Upstart from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $31.00 to $85.00 in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. upgraded Upstart from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $30.00 to $45.00 in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $46.83.

Institutional Investors Weigh In On Upstart

Several hedge funds have recently modified their holdings of UPST. Orion Capital Management LLC increased its position in Upstart by 5.1% in the 3rd quarter. Orion Capital Management LLC now owns 5,560 shares of the company’s stock worth $222,000 after purchasing an additional 270 shares during the last quarter. Atomi Financial Group Inc. increased its position in Upstart by 0.7% in the 2nd quarter. Atomi Financial Group Inc. now owns 59,009 shares of the company’s stock worth $1,392,000 after purchasing an additional 406 shares during the last quarter. Daiwa Securities Group Inc. increased its position in Upstart by 18.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 2,657 shares of the company’s stock worth $63,000 after purchasing an additional 409 shares during the last quarter. Principal Financial Group Inc. increased its position in Upstart by 4.2% in the 2nd quarter. Principal Financial Group Inc. now owns 10,405 shares of the company’s stock worth $245,000 after purchasing an additional 422 shares during the last quarter. Finally, Inspire Advisors LLC increased its position in Upstart by 3.0% in the 2nd quarter. Inspire Advisors LLC now owns 16,623 shares of the company’s stock worth $392,000 after purchasing an additional 480 shares during the last quarter. 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.