Insider Selling: Upstart Holdings, Inc. (NASDAQ:UPST) CEO Sells $305,261.46 in Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CEO Dave Girouard sold 4,374 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $69.79, for a total value of $305,261.46. Following the completion of the transaction, the chief executive officer now owns 57,138 shares in the company, valued at approximately $3,987,661.02. This trade represents a 7.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Friday, November 15th, Dave Girouard sold 41,667 shares of Upstart stock. The shares were sold at an average price of $65.41, for a total value of $2,725,438.47.
• On Friday, November 8th, Dave Girouard sold 41,667 shares of Upstart stock. The stock was sold at an average price of $65.15, for a total transaction of $2,714,605.05.

Upstart Stock Up 3.7 %

NASDAQ:UPST opened at $74.06 on Monday. Upstart Holdings, Inc. has a 52 week low of $20.60 and a 52 week high of $86.07. The stock has a 50 day moving average of $51.40 and a 200-day moving average of $36.86.

Analysts Set New Price Targets

Several research analysts have weighed in on UPST shares. Citigroup raised shares of Upstart from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $56.00 to $87.00 in a report on Friday, November 8th. Needham & Company LLC reiterated a “hold” rating on shares of Upstart in a research note on Thursday, August 8th. Mizuho upped their price objective on Upstart from $33.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, September 20th. Wedbush lifted their target price on Upstart from $45.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, Piper Sandler upgraded Upstart from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $31.00 to $85.00 in a 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 given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $46.83.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Orion Capital Management LLC boosted its holdings in shares of Upstart by 5.1% during the third quarter. Orion Capital Management LLC now owns 5,560 shares of the company’s stock valued at $222,000 after acquiring an additional 270 shares during the period. Atomi Financial Group Inc. boosted its stake in Upstart by 0.7% during the 2nd quarter. Atomi Financial Group Inc. now owns 59,009 shares of the company’s stock valued at $1,392,000 after purchasing an additional 406 shares during the period. Daiwa Securities Group Inc. grew 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. grew 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 stake in shares of Upstart by 3.0% in the second quarter. Inspire Advisors LLC now owns 16,623 shares of the company’s stock valued at $392,000 after purchasing an additional 480 shares during the period. 63.01% of the stock is currently owned by 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.