Upstart Holdings, Inc. (NASDAQ:UPST) Insider Sells $30,424.68 in Stock

Upstart Holdings, Inc. (NASDAQ:UPST) insider Natalia Mirgorodskaya sold 1,188 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $25.61, for a total value of $30,424.68. Following the sale, the insider now owns 27,977 shares of the company’s stock, valued at approximately $716,490.97. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Natalia Mirgorodskaya also recently made the following trade(s):

• On Friday, March 1st, Natalia Mirgorodskaya sold 2,500 shares of Upstart stock. The shares were sold at an average price of $25.48, for a total value of $63,700.00.
• On Friday, February 23rd, Natalia Mirgorodskaya sold 1,919 shares of Upstart stock. The stock was sold at an average price of $24.30, for a total value of $46,631.70.

Upstart Stock Performance

Shares of UPST stock opened at $24.08 on Thursday. Upstart Holdings, Inc. has a 52-week low of $19.84 and a 52-week high of $72.58. The stock has a market cap of $2.12 billion, a PE ratio of -11.81 and a beta of 2.01. The firm’s 50 day moving average price is $24.75 and its two-hundred day moving average price is $29.25.

Hedge Funds Weigh In On Upstart

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its holdings in Upstart by 0.3% in the third quarter. Bank of New York Mellon Corp now owns 248,090 shares of the company’s stock worth $7,080,000 after purchasing an additional 763 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Upstart by 14.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,356 shares of the company’s stock worth $381,000 after acquiring an additional 1,668 shares during the period. Duality Advisers LP acquired a new stake in shares of Upstart during the third quarter worth $520,000. Private Advisor Group LLC raised its holdings in shares of Upstart by 136.3% during the third quarter. Private Advisor Group LLC now owns 15,891 shares of the company’s stock worth $454,000 after acquiring an additional 9,167 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in shares of Upstart by 1,486.5% during the third quarter. Victory Capital Management Inc. now owns 118,769 shares of the company’s stock worth $3,390,000 after acquiring an additional 111,283 shares during the period. 63.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on UPST. Wedbush restated an “underperform” rating and set a $10.00 target price on shares of Upstart in a research report on Wednesday, May 8th. Piper Sandler restated a “neutral” rating and set a $28.00 target price on shares of Upstart in a research report on Tuesday, March 19th. JPMorgan Chase & Co. dropped their price objective on shares of Upstart from $26.00 to $24.00 and set an “underweight” rating for the company in a report on Wednesday, February 14th. Bank of America initiated coverage on shares of Upstart in a report on Thursday, April 4th. They set an “underperform” rating and a $22.00 price objective for the company. Finally, Mizuho dropped their price objective on shares of Upstart from $23.00 to $17.00 and set an “underperform” rating for the company in a report on Thursday, May 9th. Five equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Upstart currently has a consensus rating of “Hold” and an average target price of $26.78.

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.