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

Upstart Holdings, Inc. (NASDAQ: UPST) General counsel Alison Nicoll sold 22,500 shares in a trade on Wednesday, October 13. The stock was sold at an average price of $ 337.34, for a total trade of $ 7,590,150.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Alison Nicoll also recently completed the following transactions:

  • On Wednesday October 6, Alison Nicoll sold 22,500 Upstart shares. The shares were sold at an average price of $ 301.00, for a total trade of $ 6,772,500.00.
  • On Wednesday September 22, Alison Nicoll sold 22,500 Upstart shares. The stock was sold for an average price of $ 321.65, for a total value of $ 7,237,125.00.
  • On Wednesday September 15, Alison Nicoll sold 22,500 Upstart shares. The stock was sold for an average price of $ 270.88, for a total trade of $ 6,094,800.00.
  • On Wednesday, September 8, Alison Nicoll sold 22,500 Upstart shares. The shares were sold at an average price of $ 269.75, for a total trade of $ 6,069,375.00.
  • On Wednesday September 1, Alison Nicoll sold 22,500 Upstart shares. The shares were sold at an average price of $ 225.41, for a total trade of $ 5,071,725.00.
  • On Wednesday August 25, Alison Nicoll sold 22,500 Upstart shares. The shares were sold at an average price of $ 217.98, for a total trade of $ 4,904,550.00.
  • On Wednesday August 18, Alison Nicoll sold 22,500 Upstart shares. The shares were sold for an average price of $ 213.93, for a total value of $ 4,813,425.00.
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UPST stock traded up $ 10.91 in Friday’s session, reaching $ 390.59. 426,335 shares of the stock traded for an average volume of 3,881,118. The company’s 50-day moving average is $ 260.52 and its two-hundred-day moving average is $ 170.90. Upstart Holdings, Inc. has a one-year low at $ 22.61 and a one-year high at $ 380.22.

Upstart (NASDAQ: UPST) last released its quarterly results on Tuesday, August 10. The company reported earnings per share (EPS) of $ 0.62 for the quarter, beating the consensus estimate of $ 0.25 by the Zacks by $ 0.37. The company posted revenue of $ 193.95 million in the quarter, compared to analysts’ expectations of $ 157.75 million. The company’s quarterly revenue increased 1017.7% year-over-year. As a group, research analysts predict that Upstart Holdings, Inc. will post earnings per share of 0.87 for the current fiscal year.

A number of analysts have commented on the headline. Barclays raised its price target on Upstart shares from $ 230.00 to $ 345.00 and assigned the company an “overweight” rating in a research report published on Monday, September 20. Zacks investment research upgraded Upstart from a “hold” rating to a “buy” rating and set a price target of $ 325.00 for the company in a research note on Thursday, October 7. Piper Sandler raised its price target on Upstart shares from $ 192.00 to $ 300.00 and rated the company as “overweight” in a report released on Wednesday, September 8. JMP Securities raised its price target for Upstart shares from $ 205.00 to $ 327.00 and rated the stock as “outperforming the market” in a report released on Friday, September 17th. Finally, the Goldman Sachs group began covering Upstart shares in a research note on Monday, July 12. They issued a “buy” rating and a price target of $ 147.00 for the company. Three research analysts rated the stock with a conservation rating and eight gave the company’s stock a buy rating. According to MarketBeat, Upstart currently has a consensus rating of “Buy” and an average target price of $ 218.64.

Hedge funds and other institutional investors recently bought and sold shares in the company. Morgan Stanley raised its stake in Upstart shares by 0.8% in the first quarter. Morgan Stanley now owns 2,530,724 shares of the company valued at $ 326,109,000 after purchasing an additional 20,289 shares in the last quarter. Fred Alger Management LLC strengthened its position in Upstart by 21.1% in the 1st quarter. Fred Alger Management LLC now owns 1,601,365 shares of the company valued at $ 206,352,000 after purchasing an additional 279,256 shares during the period. Vulcan Value Partners LLC increased its stake in Upstart shares by 54.7% in the second quarter. Vulcan Value Partners LLC now owns 1,521,104 shares of the company valued at $ 189,986,000 after purchasing an additional 538,016 shares during the period. Vanguard Group Inc. increased its position in Upstart shares by 49.0% in the second quarter. Vanguard Group Inc. now owns 1,424,490 shares of the company valued at $ 177,918,000 after purchasing an additional 468,613 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in Upstart shares by 101.8% in the 1st quarter. Ameriprise Financial Inc. now owns 776,153 shares of the company valued at $ 99,994,000 after purchasing an additional 391,627 shares during the period. Hedge funds and other institutional investors hold 49.24% of the company’s shares.

Successful company profile

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

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Insider buys and sells by quarter for Upstart (NASDAQ: UPST)

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