Sanjay Datta Sells 1,000 Shares of Upstart Holdings, Inc. (NASDAQ:UPST) Stock

Upstart Holdings, Inc. (NASDAQ:UPSTGet Free Report) CFO Sanjay Datta sold 1,000 shares of Upstart stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $44.55, for a total value of $44,550.00. Following the transaction, the chief financial officer now directly owns 361,090 shares in the company, valued at approximately $16,086,559.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sanjay Datta also recently made the following trade(s):

  • On Monday, December 18th, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $43.99, for a total value of $43,990.00.
  • On Monday, December 11th, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $37.76, for a total value of $37,760.00.
  • On Monday, December 4th, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $31.51, for a total value of $31,510.00.
  • On Monday, November 27th, Sanjay Datta sold 1,000 shares of Upstart stock. The shares were sold at an average price of $23.80, for a total value of $23,800.00.
  • On Monday, November 6th, Sanjay Datta sold 1,000 shares of Upstart stock. The shares were sold at an average price of $31.00, for a total value of $31,000.00.
  • On Monday, October 30th, Sanjay Datta sold 1,000 shares of Upstart stock. The shares were sold at an average price of $23.73, for a total value of $23,730.00.
  • On Monday, October 23rd, Sanjay Datta sold 1,000 shares of Upstart stock. The shares were sold at an average price of $23.97, for a total value of $23,970.00.
  • On Monday, October 16th, Sanjay Datta sold 1,000 shares of Upstart stock. The shares were sold at an average price of $27.35, for a total value of $27,350.00.
  • On Monday, October 9th, Sanjay Datta sold 1,000 shares of Upstart stock. The shares were sold at an average price of $26.73, for a total value of $26,730.00.
  • On Monday, October 2nd, Sanjay Datta sold 1,000 shares of Upstart stock. The shares were sold at an average price of $28.74, for a total value of $28,740.00.

Upstart Stock Performance

NASDAQ UPST traded down $2.76 during trading hours on Thursday, hitting $44.16. 9,733,995 shares of the company’s stock were exchanged, compared to its average volume of 8,264,404. The business’s 50 day moving average is $30.78 and its 200-day moving average is $35.11. Upstart Holdings, Inc. has a 12-month low of $11.93 and a 12-month high of $72.58. The firm has a market capitalization of $3.76 billion, a P/E ratio of -14.38 and a beta of 1.98.

Upstart (NASDAQ:UPSTGet Free Report) last released its earnings results on Tuesday, November 7th. The company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.44) by ($0.04). Upstart had a negative return on equity of 36.84% and a negative net margin of 48.64%. The business had revenue of $134.56 million for the quarter, compared to analysts’ expectations of $139.69 million. As a group, equities research analysts anticipate that Upstart Holdings, Inc. will post -2.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on UPST. B. Riley decreased their price target on Upstart from $49.00 to $36.00 and set a “neutral” rating on the stock in a research note on Thursday, September 21st. Needham & Company LLC assumed coverage on Upstart in a report on Monday, September 25th. They set a “hold” rating for the company. JPMorgan Chase & Co. reduced their price objective on Upstart from $28.00 to $26.00 and set an “underweight” rating on the stock in a research report on Wednesday, November 8th. Piper Sandler reduced their price objective on Upstart from $35.00 to $27.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 8th. Finally, Wedbush restated an “underperform” rating and issued a $10.00 price objective on shares of Upstart in a research report on Wednesday, November 8th. Five equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $25.09.

Check Out Our Latest Analysis on Upstart

Hedge Funds Weigh In On Upstart

Several large investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. raised its holdings in shares of Upstart by 78.5% in the 2nd quarter. Geneos Wealth Management Inc. now owns 705 shares of the company’s stock worth $25,000 after purchasing an additional 310 shares during the period. Guggenheim Capital LLC raised its holdings in shares of Upstart by 18.0% in the 1st quarter. Guggenheim Capital LLC now owns 2,101 shares of the company’s stock worth $229,000 after purchasing an additional 320 shares during the period. Advisors Asset Management Inc. raised its holdings in shares of Upstart by 8.7% in the 1st quarter. Advisors Asset Management Inc. now owns 4,584 shares of the company’s stock worth $500,000 after purchasing an additional 365 shares during the period. WealthPLAN Partners LLC raised its holdings in shares of Upstart by 48.1% in the 2nd quarter. WealthPLAN Partners LLC now owns 1,200 shares of the company’s stock worth $43,000 after purchasing an additional 390 shares during the period. Finally, Salem Investment Counselors Inc. raised its holdings in shares of Upstart by 38.6% in the 1st quarter. Salem Investment Counselors Inc. now owns 1,455 shares of the company’s stock worth $159,000 after purchasing an additional 405 shares during the period. 42.50% of the stock is currently owned by hedge funds and other institutional investors.

Upstart Company Profile

(Get Free Report)

Upstart Holdings, Inc, together with its subsidiaries, operates a cloud-based artificial intelligence (AI) lending platform in the United States. Its platform aggregates consumer demand for loans and connects it to its network of the company's AI-enabled bank and credit union partners. The company was founded in 2012 and is headquartered in San Mateo, California.

Featured Articles

Insider Buying and Selling by Quarter for Upstart (NASDAQ:UPST)

Receive News & Ratings for Upstart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Upstart and related companies with MarketBeat.com's FREE daily email newsletter.