Dave Girouard Sells 41,667 Shares of Upstart Holdings, Inc. (NASDAQ:UPST) Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CEO Dave Girouard sold 41,667 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $62.60, for a total transaction of $2,608,354.20. Following the sale, the chief executive officer now directly owns 57,138 shares of the company’s stock, valued at approximately $3,576,838.80. The trade was a 42.17 % 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 Wednesday, November 20th, Dave Girouard sold 4,374 shares of Upstart stock. The shares were sold at an average price of $69.79, for a total value of $305,261.46.
• On Friday, November 15th, Dave Girouard sold 41,667 shares of Upstart stock. The stock was 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 shares were sold at an average price of $65.15, for a total value of $2,714,605.05.

Upstart Price Performance

Shares of NASDAQ:UPST opened at $62.96 on Friday. The firm’s 50 day simple moving average is $70.20 and its 200 day simple moving average is $49.02. The company has a market capitalization of $5.74 billion, a price-to-earnings ratio of -32.62 and a beta of 2.26. Upstart Holdings, Inc. has a fifty-two week low of $20.60 and a fifty-two week high of $88.95.

Hedge Funds Weigh In On Upstart

Institutional investors and hedge funds have recently made changes to their positions in the company. Rhumbline Advisers increased its holdings in shares of Upstart by 6.9% in the second quarter. Rhumbline Advisers now owns 113,697 shares of the company’s stock worth $2,682,000 after acquiring an additional 7,386 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in Upstart by 9.6% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 27,049 shares of the company’s stock worth $635,000 after buying an additional 2,370 shares during the period. Benjamin F. Edwards & Company Inc. lifted its stake in Upstart by 96.2% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,420 shares of the company’s stock valued at $81,000 after buying an additional 1,677 shares in the last quarter. ProShare Advisors LLC boosted its holdings in shares of Upstart by 49.1% in the second quarter. ProShare Advisors LLC now owns 19,894 shares of the company’s stock valued at $469,000 after buying an additional 6,552 shares during the period. Finally, Millennium Management LLC increased its position in shares of Upstart by 1,792.9% during the second quarter. Millennium Management LLC now owns 262,396 shares of the company’s stock worth $6,190,000 after acquiring an additional 277,896 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on UPST. Needham & Company LLC raised shares of Upstart from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a report on Friday, December 13th. Redburn Atlantic raised shares of Upstart from a “neutral” rating to a “buy” rating and raised their price target for the company from $37.00 to $95.00 in a report on Tuesday, December 3rd. Mizuho upped their price objective on Upstart from $33.00 to $48.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. Piper Sandler upgraded Upstart from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $31.00 to $85.00 in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. cut Upstart from a “neutral” rating to an “underweight” rating and raised their price target for the company from $45.00 to $57.00 in a report on Monday, December 2nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $61.80.

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.