(Filing) An SEC filing has disclosed that Upstart Holding General Counsel Alison Nicoll sold 15,000 shares in the company on June 24th.
Nicoll sold the shares at an average price of $40.31, earning a total of $604,650. He now owns 412,983 shares after the transaction, valued at $16,647,344.
The share sale happens after Upstart, in its latest quarter, reported earnings of $0.34 per share, more than estimates of $0.25. The company also reported a revenue of $310.14 million, compared to estimates of $300.13 million.
Other large investors have also been adding positions in Upstart. Moors & Cabot Inc. bought a stake of around $25,000 in the third quarter. Other companies to add stakes include Outfitter Financial LLC, SJS Investment, and Tyler Stone Wealth Management, among others.
Upstart stock has received mixed ratings from analysts. Loop Capital, on April 5th, issued a buy rating on the stock, with a price target of $140.00. FBN Securities has an outperform rating, with a price target of $150.00.
Goldman Sachs has downgraded Upstart to neutral from buy, with the bank cutting the price target from $250.00 to $40.00. Stephen’s analysts have an underweight rating from the previous equal weight. Piper Sandler has a neutral from overweight rating.
Overall, analysts tracked by MarketBeat.com have an average rating of “hold” with a target price average of $97.77.
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