Paul Gu Sells 12,007 Shares of Upstart Holdings, Inc. (NASDAQ:UPST) Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CTO Paul Gu sold 12,007 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $79.02, for a total value of $948,793.14. Following the sale, the chief technology officer now owns 1,006,599 shares in the company, valued at $79,541,452.98. The trade was a 1.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Thursday, December 5th, Paul Gu sold 4,019 shares of Upstart stock. The shares were sold at an average price of $75.00, for a total value of $301,425.00.
• On Monday, December 2nd, Paul Gu sold 87,600 shares of Upstart stock. The shares were sold at an average price of $69.39, for a total value of $6,078,564.00.

Upstart Price Performance

Shares of UPST stock opened at $70.50 on Tuesday. Upstart Holdings, Inc. has a 1-year low of $20.60 and a 1-year high of $96.43. The stock’s 50-day moving average is $68.09 and its 200 day moving average is $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 (NASDAQ:UPST) last issued its quarterly earnings data on Tuesday, February 11th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. Upstart had a negative return on equity of 25.87% and a negative net margin of 20.20%. On average, analysts anticipate that Upstart Holdings, Inc. will post -0.03 EPS for the current year.

Institutional Investors Weigh In On Upstart

A number of institutional investors have recently added to or reduced their stakes in UPST. Blue Trust Inc. boosted its position in Upstart by 125.3% during the third quarter. Blue Trust Inc. now owns 989 shares of the company’s stock valued at $40,000 after purchasing an additional 550 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Upstart in the third quarter valued at about $235,000. International Assets Investment Management LLC raised its stake in Upstart by 4,087.8% in the third quarter. International Assets Investment Management LLC now owns 233,258 shares of the company’s stock valued at $9,333,000 after buying an additional 227,688 shares during the last quarter. Bristlecone Advisors LLC purchased a new stake in Upstart in the third quarter valued at about $258,000. Finally, TCI Wealth Advisors Inc. raised its stake in Upstart by 6.5% in the third quarter. TCI Wealth Advisors Inc. now owns 44,756 shares of the company’s stock valued at $1,791,000 after buying an additional 2,732 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on UPST shares. Wedbush upped their price objective on Upstart from $60.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, December 2nd. JPMorgan Chase & Co. raised Upstart from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $57.00 to $79.00 in a research report on Wednesday, February 12th. Morgan Stanley raised Upstart from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $12.00 to $70.00 in a research report on Friday, February 14th. Citigroup increased their price target on Upstart from $87.00 to $108.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Finally, Redburn Atlantic raised Upstart from a “neutral” rating to a “buy” rating and increased their price target for the stock from $37.00 to $95.00 in a research report on Tuesday, December 3rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $73.38.

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.