Upstart Holdings, Inc. (NASDAQ:UPST) General Counsel Sells $302400.00 in Stock - Defense World - Financial Daily News Site

Upstart Holdings, Inc. (NASDAQ:UPST) General Counsel Sells $302400.00 in Stock – Defense World


Upstart Holdings, Inc. (NASDAQ:UPST – Get Rating) General Counsel Alison Nicoll sold 7,500 shares of the stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $40.32, for a total transaction of $302,400.00. Following the completion of the sale, the general counsel now directly owns 412,983 shares in the company, valued at $16,651,474.56. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

  • On Wednesday, May 18th, Alison Nicoll sold 7,500 shares of Upstart stock. The shares were sold at an average price of $48.75, for a total transaction of $365,625.00.
  • On Monday, May 16th, Alison Nicoll sold 600 shares of Upstart stock. The shares were sold at an average price of $40.09, for a total transaction of $24,054.00.
  • On Wednesday, May 4th, Alison Nicoll sold 7,500 shares of Upstart stock. The shares were sold at an average price of $89.62, for a total transaction of $672,150.00.
  • On Wednesday, April 27th, Alison Nicoll sold 7,500 shares of Upstart stock. The shares were sold at an average price of $73.22, for a total transaction of $549,150.00.
  • On Wednesday, April 20th, Alison Nicoll sold 7,500 shares of Upstart stock. The shares were sold at an average price of $81.30, for a total transaction of $609,750.00.
  • On Wednesday, April 13th, Alison Nicoll sold 7,500 shares of Upstart stock. The shares were sold at an average price of $86.52, for a total transaction of $648,900.00.
  • On Wednesday, April 6th, Alison Nicoll sold 7,500 shares of Upstart stock. The shares were sold at an average price of $96.75, for a total transaction of $725,625.00.
  • On Wednesday, March 30th, Alison Nicoll sold 7,500 shares of Upstart stock. The shares were sold at an average price of $119.63, for a total transaction of $897,225.00.
  • On Wednesday, March 23rd, Alison Nicoll sold 7,500 shares of Upstart stock. The shares were sold at an average price of $121.94, for a total transaction of $914,550.00.
  • On Wednesday, March 16th, Alison Nicoll sold 7,500 shares of Upstart stock. The shares were sold at an average price of $104.38, for a total transaction of $782,850.00.

Shares of UPST traded up $7.23 during trading hours on Friday, reaching $50.33. The company had a trading volume of 12,642,866 shares, compared to its average volume of 11,711,039. The firm has a 50 day simple moving average of $80.43 and a 200-day simple moving average of $122.73. The company has a market capitalization of $4.27 billion, a price-to-earnings ratio of 30.69 and a beta of 1.14. Upstart Holdings, Inc. has a 12-month low of $25.43 and a 12-month high of $401.49.

Upstart (NASDAQ:UPST – Get Rating) last announced its quarterly earnings results on Monday, May 9th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.08. The business had revenue of $310.14 million during the quarter, compared to the consensus estimate of $300.13 million. Upstart had a net margin of 15.23% and a return on equity of 20.27%. The business’s revenue was up 155.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.12 EPS. Equities research analysts predict that Upstart Holdings, Inc. will post 0.68 earnings per share for the current year.

A number of large investors have recently bought and sold shares of UPST. Moors & Cabot Inc. purchased a new position in Upstart during the 3rd quarter valued at about $25,000. Outfitter Financial LLC purchased a new position in Upstart during the 4th quarter valued at about $25,000. SJS Investment Consulting Inc. purchased a new position in Upstart during the 1st quarter valued at about $25,000. Tyler Stone Wealth Management purchased a new position in Upstart during the 4th quarter valued at about $26,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in Upstart during the 4th quarter valued at about $26,000. Hedge funds and other institutional investors own 59.65% of the company’s stock.

Several research analysts have recently issued reports on UPST shares. Piper Sandler cut shares of Upstart from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $230.00 to $44.00 in a report on Tuesday, May 10th. Citigroup cut shares of Upstart from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $180.00 to $50.00 in a research note on Tuesday, May 10th. FBN Securities initiated coverage on shares of Upstart in a research note on Tuesday, April 12th. They set an “outperform” rating and a $150.00 price target for the company. Barclays cut shares of Upstart from an “overweight” rating to an “equal weight” rating and set a $35.00 price target for the company. in a research note on Wednesday, May 11th. Finally, Wedbush decreased their price target on shares of Upstart from $70.00 to $35.00 in a research note on Tuesday, May 10th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $114.00.

About Upstart (Get Rating)

Upstart Holdings, Inc operates a cloud- based artificial intelligence (AI) lending platform in the United States. 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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