Insider Selling: Upstart Holdings, Inc. (NASDAQ:UPST) General Counsel Sells 22,500 Shares of Stock

Upstart Holdings, Inc. (NASDAQ:UPST) General Counsel Alison Nicoll sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 22nd. The shares were sold at an average price of $321.65, for a total transaction of $7,237,125.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Alison Nicoll also recently made the following trade(s):

  • On Wednesday, September 15th, Alison Nicoll sold 22,500 shares of Upstart stock. The shares were sold at an average price of $270.88, for a total transaction of $6,094,800.00.
  • On Wednesday, September 8th, Alison Nicoll sold 22,500 shares of Upstart stock. The shares were sold at an average price of $269.75, for a total transaction of $6,069,375.00.
  • On Wednesday, September 1st, Alison Nicoll sold 22,500 shares of Upstart stock. The stock was sold at an average price of $225.41, for a total transaction of $5,071,725.00.
  • On Wednesday, August 25th, Alison Nicoll sold 22,500 shares of Upstart stock. The stock was sold at an average price of $217.98, for a total transaction of $4,904,550.00.
  • On Wednesday, August 18th, Alison Nicoll sold 22,500 shares of Upstart stock. The stock was sold at an average price of $213.93, for a total transaction of $4,813,425.00.

UPST stock traded down $8.52 during trading on Friday, hitting $327.82. 244,397 shares of the company’s stock traded hands, compared to its average volume of 3,858,626. Upstart Holdings, Inc. has a 52 week low of $22.61 and a 52 week high of $346.54. The stock has a fifty day moving average price of $201.27 and a two-hundred day moving average price of $147.07.

Upstart (NASDAQ:UPST) last released its quarterly earnings results on Tuesday, August 10th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.25 by $0.37. The firm had revenue of $193.95 million for the quarter, compared to the consensus estimate of $157.75 million. The business’s quarterly revenue was up 1017.7% compared to the same quarter last year. As a group, analysts expect that Upstart Holdings, Inc. will post 0.87 EPS for the current fiscal year.

Several analysts recently issued reports on UPST shares. Barclays upped their price target on shares of Upstart from $230.00 to $345.00 and gave the company an “overweight” rating in a report on Monday. Zacks Investment Research cut shares of Upstart from a “buy” rating to a “hold” rating in a report on Thursday, September 9th. Atlantic Securities started coverage on shares of Upstart in a report on Monday, September 6th. They issued an “overweight” rating and a $290.00 price target on the stock. JMP Securities upped their price target on shares of Upstart from $205.00 to $327.00 and gave the company a “market outperform” rating in a report on Friday, September 17th. Finally, Piper Sandler upped their price target on shares of Upstart from $192.00 to $300.00 and gave the company an “overweight” rating in a report on Wednesday, September 8th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $213.55.

Institutional investors have recently added to or reduced their stakes in the company. American International Group Inc. bought a new position in shares of Upstart during the first quarter worth about $25,000. US Bancorp DE acquired a new stake in Upstart in the first quarter worth about $26,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in Upstart in the second quarter worth about $44,000. CKW Financial Group acquired a new stake in Upstart in the first quarter worth about $53,000. Finally, IFP Advisors Inc acquired a new stake in Upstart in the second quarter worth about $54,000. Institutional investors and hedge funds own 49.24% of the company’s stock.

About Upstart

Upstart Holdings, Inc operates a cloud- based artificial intelligence (AI) lending platform. The company's platform aggregates consumer demand for loans and connects it to its network of the company's AI- enabled bank partners. Its platform connects consumers, banks, and institutional investors through a shared AI lending platform.

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