Upstart Holdings, Inc. (NASDAQ:UPST) Insider Natalia Mirgorodskaya Sells 1,411 Shares

Upstart Holdings, Inc. (NASDAQ:UPST) insider Natalia Mirgorodskaya sold 1,411 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $77.36, for a total value of $109,154.96. Following the sale, the insider now directly owns 18,596 shares in the company, valued at $1,438,586.56. This trade represents a 7.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Natalia Mirgorodskaya also recently made the following trade(s):

• On Wednesday, November 20th, Natalia Mirgorodskaya sold 1,511 shares of Upstart stock. The shares were sold at an average price of $69.85, for a total value of $105,543.35.
• On Tuesday, September 3rd, Natalia Mirgorodskaya sold 5,000 shares of Upstart stock. The shares were sold at an average price of $41.03, for a total value of $205,150.00.

Upstart Price Performance

UPST stock traded down $0.08 during trading on Wednesday, hitting $78.43. The stock had a trading volume of 5,319,858 shares, compared to its average volume of 6,891,025. Upstart Holdings, Inc. has a twelve month low of $20.60 and a twelve month high of $86.07. The stock has a market capitalization of $7.16 billion, a P/E ratio of -40.64 and a beta of 1.97. The company’s 50-day moving average price is $53.91 and its two-hundred day moving average price is $37.90.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Piper Sandler raised Upstart from a “neutral” rating to an “overweight” rating and increased their target price for the company from $31.00 to $85.00 in a research report on Friday, November 8th. Mizuho raised their target price on Upstart from $33.00 to $48.00 and gave the stock an “outperform” rating in a research note on Friday, September 20th. BTIG Research upgraded Upstart from a “sell” rating to a “neutral” rating in a research note on Monday, November 11th. Needham & Company LLC reiterated a “hold” rating on shares of Upstart in a research note on Thursday, August 8th. Finally, Citigroup upgraded Upstart from a “neutral” rating to a “buy” rating and lifted their price target for the company from $56.00 to $87.00 in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $46.83.

Institutional Investors Weigh In On Upstart

Several institutional investors have recently bought and sold shares of the company. Tidal Investments LLC boosted its holdings in Upstart by 1,413.7% in the 3rd quarter. Tidal Investments LLC now owns 333,463 shares of the company’s stock worth $13,342,000 after buying an additional 311,434 shares during the last quarter. Synergy Financial Group LTD acquired a new position in shares of Upstart during the 3rd quarter worth approximately $258,000. Orion Capital Management LLC boosted its holdings in shares of Upstart by 5.1% during the 3rd quarter. Orion Capital Management LLC now owns 5,560 shares of the company’s stock worth $222,000 after purchasing an additional 270 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Upstart by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,816,774 shares of the company’s stock worth $72,702,000 after purchasing an additional 29,482 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Upstart during the 3rd quarter worth approximately $430,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

About Upstart

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.