Paul Gu Sells 58,786 Shares of Upstart Holdings, Inc. (NASDAQ:UPST) Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CTO Paul Gu sold 58,786 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $75.93, for a total transaction of $4,463,620.98. Following the transaction, the chief technology officer now directly owns 863,065 shares in the company, valued at approximately $65,532,525.45. The trade was a 6.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Paul Gu also recently made the following trade(s):

• On Thursday, November 21st, Paul Gu sold 21,214 shares of Upstart stock. The shares were sold at an average price of $75.03, for a total transaction of $1,591,686.42.
• On Friday, November 15th, Paul Gu sold 65,000 shares of Upstart stock. The stock was sold at an average price of $66.58, for a total value of $4,327,700.00.
• On Monday, October 14th, Paul Gu sold 20,000 shares of Upstart stock. The shares were sold at an average price of $50.26, for a total value of $1,005,200.00.
• On Friday, October 4th, Paul Gu sold 8,800 shares of Upstart stock. The shares were sold at an average price of $40.10, for a total value of $352,880.00.
• On Tuesday, October 1st, Paul Gu sold 36,200 shares of Upstart stock. The shares were sold at an average price of $39.22, for a total value of $1,419,764.00.
• On Tuesday, September 3rd, Paul Gu sold 45,000 shares of Upstart stock. The stock was sold at an average price of $40.86, for a total value of $1,838,700.00.

Upstart Trading Down 0.1 %

UPST traded down $0.08 during midday trading on Wednesday, reaching $78.43. The company’s stock had a trading volume of 5,319,858 shares, compared to its average volume of 6,891,025. The stock has a market cap of $7.16 billion, a P/E ratio of -40.64 and a beta of 1.97. The company has a fifty day simple moving average of $53.91 and a 200 day simple moving average of $37.90. Upstart Holdings, Inc. has a twelve month low of $20.60 and a twelve month high of $86.07.

Institutional Trading of Upstart

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Upstart by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 7,128,975 shares of the company’s stock worth $191,698,000 after buying an additional 115,057 shares during the period. Price T Rowe Associates Inc. MD raised its position in Upstart by 7.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 42,350 shares of the company’s stock valued at $1,139,000 after purchasing an additional 2,770 shares during the last quarter. Comerica Bank raised its position in Upstart by 144.0% in the 1st quarter. Comerica Bank now owns 2,313 shares of the company’s stock valued at $62,000 after purchasing an additional 1,365 shares during the last quarter. EMC Capital Management raised its position in Upstart by 16.2% in the 1st quarter. EMC Capital Management now owns 4,300 shares of the company’s stock valued at $109,000 after purchasing an additional 600 shares during the last quarter. Finally, Cetera Advisors LLC raised its position in Upstart by 66.6% in the 1st quarter. Cetera Advisors LLC now owns 17,258 shares of the company’s stock valued at $464,000 after purchasing an additional 6,899 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Wedbush increased their price objective on Upstart from $45.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. raised Upstart from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $30.00 to $45.00 in a research note on Friday, November 8th. Citigroup raised Upstart from a “neutral” rating to a “buy” rating and raised their price target for the stock from $56.00 to $87.00 in a research note on Friday, November 8th. BTIG Research raised Upstart from a “sell” rating to a “neutral” rating in a report on Monday, November 11th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Upstart in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Upstart has a consensus rating of “Hold” and an average target price of $46.83.

Upstart Company Profile

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.