Upstart Holdings, Inc. (NASDAQ:UPST) Insider Natalia Mirgorodskaya Sells 1,188 Shares

Upstart Holdings, Inc. (NASDAQ:UPST) insider Natalia Mirgorodskaya sold 1,188 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $25.61, for a total transaction of $30,424.68. Following the completion of the sale, the insider now owns 27,977 shares in the company, valued at $716,490.97. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

Upstart Stock Down 1.0 %

NASDAQ UPST 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 business’s fifty day simple moving average is $24.75 and its 200-day simple moving average is $29.25. The firm has a market cap of $2.12 billion, a PE ratio of -11.81 and a beta of 2.01.

Analyst Ratings Changes

UPST has been the subject of several research analyst reports. Bank of America initiated coverage on shares of Upstart in a research report on Thursday, April 4th. They issued an “underperform” rating and a $22.00 price objective for the company. JMP Securities reissued a “market perform” rating on shares of Upstart in a research report on Wednesday, April 17th. Mizuho reduced their price target on shares of Upstart from $23.00 to $17.00 and set an “underperform” rating for the company in a research report on Thursday, May 9th. Wedbush reissued an “underperform” rating and set a $10.00 price target on shares of Upstart in a research report on Wednesday, May 8th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Upstart in a research report on Wednesday, May 8th. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $26.78.

Institutional Trading of Upstart

Several institutional investors and hedge funds have recently bought and sold shares of UPST. GAMMA Investing LLC purchased a new stake in Upstart during the fourth quarter worth about $25,000. Benjamin F. Edwards & Company Inc. boosted its holdings in Upstart by 80.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,743 shares of the company’s stock valued at $47,000 after purchasing an additional 778 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in Upstart in the third quarter valued at approximately $51,000. Strs Ohio acquired a new position in Upstart in the fourth quarter valued at approximately $57,000. Finally, ICA Group Wealth Management LLC acquired a new position in Upstart in the fourth quarter valued at approximately $61,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

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.