Upstart Holdings, Inc. (NASDAQ:UPST) CTO Paul Gu Sells 36,200 Shares of Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CTO Paul Gu sold 36,200 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $39.22, for a total transaction of $1,419,764.00. Following the transaction, the chief technology officer now owns 878,565 shares of the company’s stock, valued at $34,457,319.30. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, August 20th, Paul Gu sold 16,064 shares of Upstart stock. The stock was sold at an average price of $38.62, for a total value of $620,365.98.
• On Tuesday, September 3rd, Paul Gu sold 45,000 shares of Upstart stock. The shares were sold at an average price of $40.86, for a total value of $1,838,700.00.
• On Monday, August 19th, Paul Gu sold 10,000 shares of Upstart stock. The stock was sold at an average price of $40.01, for a total value of $400,100.00.
• On Monday, July 15th, Paul Gu sold 10,000 shares of Upstart stock. The shares were sold at an average price of $30.05, for a total transaction of $300,500.00.
• On Thursday, July 11th, Paul Gu sold 10,000 shares of Upstart stock. The stock was sold at an average price of $25.88, for a total transaction of $258,800.00.

Upstart Price Performance

UPST opened at $38.94 on Friday. The business has a fifty day simple moving average of $36.27 and a 200 day simple moving average of $28.73. Upstart Holdings, Inc. has a 1 year low of $19.84 and a 1 year high of $49.62. The company has a market capitalization of $3.42 billion, a PE ratio of -18.90 and a beta of 2.01.

Upstart (NASDAQ:UPST) last announced its earnings results on Tuesday, August 6th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.22. Upstart had a negative net margin of 38.05% and a negative return on equity of 32.01%. The company had revenue of $127.63 million during the quarter, compared to analysts’ expectations of $124.55 million. During the same quarter in the previous year, the business posted ($0.34) earnings per share. Upstart’s quarterly revenue was down 6.0% on a year-over-year basis. Equities analysts anticipate that Upstart Holdings, Inc. will post -2.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on UPST shares. Barclays boosted their price objective on shares of Upstart from $25.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Monday, August 12th. Piper Sandler upped their price objective on Upstart from $28.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Wedbush reiterated an “underperform” rating and set a $10.00 target price on shares of Upstart in a research note on Wednesday, August 7th. JPMorgan Chase & Co. boosted their target price on Upstart from $27.00 to $30.00 and gave the stock an “underweight” rating in a report on Tuesday, August 20th. Finally, Citigroup raised Upstart from a “sell” rating to a “neutral” rating and raised their price target for the company from $15.00 to $33.00 in a report on Wednesday, August 7th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Upstart currently has a consensus rating of “Hold” and a consensus price target of $27.61.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in UPST. Millennium Management LLC grew its holdings in shares of Upstart by 1,792.9% during the 2nd quarter. Millennium Management LLC now owns 262,396 shares of the company’s stock worth $6,190,000 after purchasing an additional 277,896 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Upstart by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 7,013,918 shares of the company’s stock valued at $286,589,000 after acquiring an additional 157,719 shares during the last quarter. Seven Eight Capital LP grew its position in shares of Upstart by 349.1% in the 1st quarter. Seven Eight Capital LP now owns 189,385 shares of the company’s stock valued at $5,093,000 after buying an additional 147,213 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Upstart by 442.1% during the second quarter. SG Americas Securities LLC now owns 148,214 shares of the company’s stock worth $3,496,000 after buying an additional 120,871 shares during the period. Finally, Magnetar Financial LLC boosted its position in shares of Upstart by 1,106.7% during the 1st quarter. Magnetar Financial LLC now owns 97,281 shares of the company’s stock valued at $2,616,000 after purchasing an additional 89,219 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

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.