Natalia Mirgorodskaya Sells 794 Shares of Upstart Holdings, Inc. (NASDAQ:UPST) Stock

Upstart Holdings, Inc. (NASDAQ:UPST) insider Natalia Mirgorodskaya sold 794 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $79.02, for a total transaction of $62,741.88. Following the sale, the insider now directly owns 21,985 shares in the company, valued at $1,737,254.70. This trade represents a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Upstart Stock Performance

Shares of Upstart stock opened at $70.50 on Tuesday. The firm has a 50-day simple moving average of $68.09 and a two-hundred day simple moving average of $57.79. The company has a market cap of $6.61 billion, a P/E ratio of -48.29 and a beta of 2.25. Upstart Holdings, Inc. has a fifty-two week low of $20.60 and a fifty-two week high of $96.43.

Upstart (NASDAQ:UPST) last issued its quarterly earnings data on Tuesday, February 11th. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. Upstart had a negative net margin of 20.20% and a negative return on equity of 25.87%. Equities research analysts forecast that Upstart Holdings, Inc. will post -0.03 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of UPST. Two Sigma Advisers LP raised its position in shares of Upstart by 190.2% during the 4th quarter. Two Sigma Advisers LP now owns 1,709,300 shares of the company’s stock worth $105,242,000 after purchasing an additional 1,120,300 shares during the last quarter. Marshall Wace LLP raised its position in shares of Upstart by 300.2% during the 4th quarter. Marshall Wace LLP now owns 1,061,512 shares of the company’s stock worth $65,357,000 after purchasing an additional 796,252 shares during the last quarter. Fred Alger Management LLC raised its position 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 worth $49,886,000 after purchasing an additional 754,416 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Upstart during the 4th quarter worth about $43,697,000. Finally, Invesco Ltd. raised its position in shares of Upstart by 886.0% during the 4th quarter. Invesco Ltd. now owns 709,684 shares of the company’s stock worth $43,695,000 after purchasing an additional 637,706 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Analyst Upgrades and Downgrades

UPST has been the topic of a number of research analyst reports. Morgan Stanley raised shares of Upstart from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $12.00 to $70.00 in a report on Friday, February 14th. Citigroup upped their price target on shares of Upstart from $87.00 to $108.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. B. Riley raised shares of Upstart from a “neutral” rating to a “buy” rating and upped their price target for the company from $49.00 to $105.00 in a report on Wednesday, February 12th. Barclays upped their price target on shares of Upstart from $80.00 to $93.00 and gave the company an “equal weight” rating in a report on Tuesday, February 18th. Finally, Needham & Company LLC upped their price target on shares of Upstart from $100.00 to $108.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $73.38.

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.