Upstart Holdings, Inc. (NASDAQ:UPST) CTO Sells $1,838,700.00 in Stock

Upstart Holdings, Inc. (NASDAQ:UPST - Get Free Report) CTO Paul Gu sold 45,000 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $40.86, for a total value of $1,838,700.00. Following the completion of the sale, the chief technology officer now owns 878,565 shares of the company's stock, valued at $35,898,165.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

• AI-Powered Lending Stock Surges on Rate Cut Hopes

Paul Gu also recently made the following trade(s):

• On Monday, August 19th, Paul Gu sold 10,000 shares of Upstart stock. The shares were sold at an average price of $40.01, for a total value of $400,100.00.
• On Monday, July 15th, Paul Gu sold 10,000 shares of Upstart stock. The stock was sold at an average price of $30.05, for a total value of $300,500.00.
• On Thursday, July 11th, Paul Gu sold 10,000 shares of Upstart stock. The stock was sold at an average price of $25.88, for a total value of $258,800.00.
• On Monday, July 1st, Paul Gu sold 5,000 shares of Upstart stock. The stock was sold at an average price of $23.52, for a total value of $117,600.00.

Upstart Trading Down 1.7 %

NASDAQ:UPST traded down $0.61 during trading hours on Thursday, hitting $35.72. The company had a trading volume of 4,863,639 shares, compared to its average volume of 6,491,201. Upstart Holdings, Inc. has a 1 year low of $19.84 and a 1 year high of $49.62. The company has a 50-day moving average of $31.30 and a 200 day moving average of $26.94. The company has a market cap of $3.20 billion, a P/E ratio of -17.64 and a beta of 2.02.

• The Most Shorted Stocks in June: Hold, Short, or Squeeze?

Upstart (NASDAQ:UPST - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.17) EPS for the quarter, beating the consensus estimate of ($0.39) by $0.22. Upstart had a negative return on equity of 32.01% and a negative net margin of 38.05%. The business had revenue of $127.63 million for the quarter, compared to analyst estimates of $124.55 million. During the same quarter in the prior year, the company posted ($0.34) EPS. The company's quarterly revenue was down 6.0% on a year-over-year basis. On average, analysts forecast that Upstart Holdings, Inc. will post -2.39 earnings per share for the current year.

Hedge Funds Weigh In On Upstart

Large investors have recently modified their holdings of the business. GAMMA Investing LLC acquired a new position in shares of Upstart in the 4th quarter valued at $25,000. Anfield Capital Management LLC acquired a new position in Upstart during the 2nd quarter worth about $33,000. Benjamin F. Edwards & Company Inc. lifted its stake in Upstart by 80.6% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,743 shares of the company's stock worth $47,000 after acquiring an additional 778 shares in the last quarter. BOCHK Asset Management Ltd acquired a new position in Upstart during the 4th quarter worth about $61,000. Finally, Comerica Bank lifted its stake in Upstart by 144.0% during the 1st quarter. Comerica Bank now owns 2,313 shares of the company's stock worth $62,000 after acquiring an additional 1,365 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company's stock.

Analysts Set New Price Targets

• Top 4 Large-Cap Stocks With Major Short Interest

UPST has been the subject of several research reports. Needham & Company LLC reiterated a "hold" rating on shares of Upstart in a research report on Thursday, August 8th. Barclays boosted their price target on Upstart from $25.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Monday, August 12th. BTIG Research began coverage on Upstart in a research report on Friday, June 7th. They set a "sell" rating and a $14.00 price target for the company. JPMorgan Chase & Co. upped their target price on Upstart from $27.00 to $30.00 and gave the company an "underweight" rating in a report on Tuesday, August 20th. Finally, Redburn Atlantic upgraded Upstart from a "sell" rating to a "neutral" rating and upped their target price for the company from $22.50 to $25.50 in a report on Tuesday, June 4th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $26.75.

Read Our Latest Analysis on Upstart

Upstart Company Profile

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.

Featured Stories

• Five stocks we like better than Upstart
• What is a Dividend Harvesting Strategy and How Can Investors Profit from it?
• Emerging Markets: What They Are and Why They Matter
• Are Penny Stocks a Good Fit for Your Portfolio?
• Recession or Not, These 3 Stocks Are Winners
• What is the Shanghai Stock Exchange Composite Index?
• Why NVIDIA Is More of a Screaming Buy Than Ever

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

→ New AI technology poised for 8,966% growth? (From Behind the Markets) (Ad)

Should you invest $1,000 in Upstart right now?

Before you consider Upstart, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Upstart wasn't on the list.

While Upstart currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here