Upstart Holdings, Inc. (NASDAQ:UPST) CEO Sells $2,725,438.47 in Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CEO Dave Girouard sold 41,667 shares of Upstart stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $65.41, for a total transaction of $2,725,438.47. Following the sale, the chief executive officer now directly owns 61,512 shares in the company, valued at $4,023,499.92. The trade was a 40.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Dave Girouard also recently made the following trade(s):

• On Friday, November 8th, Dave Girouard sold 41,667 shares of Upstart stock. The stock was sold at an average price of $65.15, for a total value of $2,714,605.05.

Upstart Stock Performance

NASDAQ UPST opened at $71.78 on Friday. Upstart Holdings, Inc. has a one year low of $20.60 and a one year high of $86.07. The company has a market capitalization of $6.55 billion, a price-to-earnings ratio of -37.19 and a beta of 1.97. The company’s 50-day simple moving average is $50.68 and its two-hundred day simple moving average is $36.34.

Analyst Upgrades and Downgrades

UPST has been the subject of a number of research analyst reports. Citigroup raised shares of Upstart from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $56.00 to $87.00 in a research report on Friday, November 8th. Mizuho upped their price objective on Upstart from $33.00 to $48.00 and gave the company an “outperform” rating in a research report on Friday, September 20th. BTIG Research raised Upstart from a “sell” rating to a “neutral” rating in a research report on Monday, November 11th. Needham & Company LLC restated a “hold” rating on shares of Upstart in a research note on Thursday, August 8th. Finally, Barclays increased 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. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Upstart currently has a consensus rating of “Hold” and an average price target of $46.83.

Institutional Investors Weigh In On Upstart

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Upstart by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 7,128,975 shares of the company’s stock valued at $191,698,000 after buying an additional 115,057 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Upstart by 1.6% during the third quarter. Geode Capital Management LLC now owns 1,816,774 shares of the company’s stock worth $72,702,000 after acquiring an additional 29,482 shares during the last quarter. Fred Alger Management LLC increased its holdings in shares of Upstart by 153.2% during the third quarter. Fred Alger Management LLC now owns 1,246,839 shares of the company’s stock valued at $49,886,000 after acquiring an additional 754,416 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Upstart by 63.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 725,582 shares of the company’s stock valued at $29,031,000 after purchasing an additional 282,481 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Upstart by 5.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 642,876 shares of the company’s stock worth $25,721,000 after purchasing an additional 32,052 shares in the last quarter. Hedge funds and other institutional investors 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.