Upstart Holdings, Inc. (NASDAQ:UPST) CEO Dave Girouard Sells 41,667 Shares

Upstart Holdings, Inc. (NASDAQ:UPST) CEO Dave Girouard sold 41,667 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $65.15, for a total transaction of $2,714,605.05. Following the transaction, the chief executive officer now owns 61,512 shares in the company, valued at $4,007,506.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, August 20th, Dave Girouard sold 3,361 shares of Upstart stock. The shares were sold at an average price of $38.35, for a total transaction of $128,894.35.

Upstart Stock Performance

Shares of UPST opened at $67.80 on Thursday. Upstart Holdings, Inc. has a 1 year low of $20.60 and a 1 year high of $86.07. The firm has a fifty day moving average of $45.91 and a 200-day moving average of $34.26. The company has a market cap of $6.19 billion, a price-to-earnings ratio of -35.13 and a beta of 1.97.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of UPST. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Upstart by 63.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 725,582 shares of the company’s stock valued at $29,031,000 after buying an additional 282,481 shares during the last quarter. Millennium Management LLC raised its stake in Upstart by 1,792.9% during the 2nd quarter. Millennium Management LLC now owns 262,396 shares of the company’s stock valued at $6,190,000 after acquiring an additional 277,896 shares in the last quarter. International Assets Investment Management LLC boosted its position in Upstart by 4,087.8% during the 3rd quarter. International Assets Investment Management LLC now owns 233,258 shares of the company’s stock worth $9,333,000 after acquiring an additional 227,688 shares during the period. Seven Eight Capital LP grew its stake in shares of Upstart by 349.1% in the first quarter. Seven Eight Capital LP now owns 189,385 shares of the company’s stock worth $5,093,000 after purchasing an additional 147,213 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings 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 valued at $3,496,000 after purchasing an additional 120,871 shares during the period. 63.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on UPST shares. Wedbush boosted their price objective on Upstart from $45.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, November 8th. BTIG Research upgraded Upstart from a “sell” rating to a “neutral” rating in a report on Monday. Barclays raised their price objective on Upstart from $25.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Monday, August 12th. Citigroup upgraded shares of Upstart from a “neutral” rating to a “buy” rating and boosted their target price for the company from $56.00 to $87.00 in a research note on Friday, November 8th. Finally, Mizuho increased their target price on shares of Upstart from $33.00 to $48.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Upstart currently has an average rating of “Hold” and a consensus target price of $46.83.

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.