Upstart Holdings, Inc. (NASDAQ:UPST - Get Free Report) CFO Sanjay Datta sold 1,000 shares of the firm's stock in a transaction on Monday, June 24th. The stock was sold at an average price of $21.68, for a total value of $21,680.00. Following the completion of the transaction, the chief financial officer now directly owns 377,398 shares of the company's stock, valued at $8,181,988.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Sanjay Datta also recently made the following trade(s):
- On Monday, June 3rd, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $25.49, for a total value of $25,490.00.
- On Tuesday, May 28th, Sanjay Datta sold 1,000 shares of Upstart stock. The stock was sold at an average price of $23.71, for a total value of $23,710.00.
- On Monday, May 20th, Sanjay Datta sold 18,138 shares of Upstart stock. The stock was sold at an average price of $25.61, for a total value of $464,514.18.
Upstart Trading Up 2.0 %
Shares of UPST stock opened at $23.00 on Thursday. The stock has a 50-day moving average price of $23.98 and a 200 day moving average price of $28.67. Upstart Holdings, Inc. has a 12 month low of $19.84 and a 12 month high of $72.58.
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Upstart (NASDAQ:UPST - Get Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.74) EPS for the quarter, topping analysts' consensus estimates of ($0.80) by $0.06. The firm had revenue of $127.79 million during the quarter, compared to analyst estimates of $124.82 million. Upstart had a negative return on equity of 27.89% and a negative net margin of 32.59%. Equities analysts forecast that Upstart Holdings, Inc. will post -2.67 EPS for the current fiscal year.
Institutional Trading of Upstart
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UPST. GAMMA Investing LLC acquired a new stake in Upstart in the fourth quarter worth about $25,000. Benjamin F. Edwards & Company Inc. boosted its holdings in Upstart by 80.6% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,743 shares of the company's stock worth $47,000 after buying an additional 778 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in Upstart during the third quarter worth about $51,000. Strs Ohio bought a new position in Upstart during the fourth quarter worth about $57,000. Finally, ICA Group Wealth Management LLC bought a new position in Upstart during the fourth quarter worth about $61,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on UPST shares. Piper Sandler reiterated a "neutral" rating and set a $28.00 price objective on shares of Upstart in a research note on Tuesday, March 19th. Mizuho dropped their price objective on Upstart from $23.00 to $17.00 and set an "underperform" rating for the company in a research note on Thursday, May 9th. Bank of America started coverage on Upstart in a research note on Thursday, April 4th. They set an "underperform" rating and a $22.00 price objective for the company. JMP Securities reiterated a "market perform" rating on shares of Upstart in a research note on Wednesday, April 17th. Finally, BTIG Research started coverage on Upstart in a research note on Friday, June 7th. They issued a "sell" rating and a $14.00 target price for the company. Six equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat, Upstart has a consensus rating of "Hold" and an average target price of $21.65.
Read Our Latest Research Report on Upstart
About Upstart
(
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 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.
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