Bank of America just raised its EUR/USD forecast
SAN MATEO, CA — Scott Darling, Chief Legal Officer of Upstart Holdings, Inc. (NASDAQ:UPST), recently executed several stock transactions, according to a recent SEC filing. On February 28, Darling sold a total of 15,507 shares of Upstart’s common stock, with sales prices ranging from $64.65 to $66, generating approximately $1.15 million. The transaction comes as Upstart, now valued at $5.8 billion, has seen its stock surge 142% over the past year despite recent volatility.
These sales were part of a pre-arranged trading plan adopted in November 2024. Additionally, Darling acquired 9,564 shares through options exercises at a price of $13.22 per share, totaling about $126,436. According to InvestingPro analysis, Upstart’s stock has demonstrated significant price movements, with a 65.9% gain over the past six months despite a recent 13.8% weekly decline.
Despite these transactions, Darling still holds a significant position in the company, with 150,129 shares of Upstart’s common stock. InvestingPro analysis indicates the stock is currently trading slightly above its Fair Value, with 13 additional exclusive ProTips available to subscribers, offering deeper insights into Upstart’s financial health and market position.
In other recent news, Upstart Holdings Inc . reported significant developments that have caught the attention of investors. Analysts from Citi and Mizuho (NYSE:MFG) have raised their price targets for Upstart, with Citi increasing its target to $108 and Mizuho to $110, both citing improved financial outlooks and growth potential. Upstart recently announced a 21% revenue beat for the fourth quarter of 2024 and a forecast of approximately 60% revenue growth for fiscal year 2025. Additionally, Upstart has launched a $500 million at-the-market equity offering, aiming to bolster its financial flexibility through a sales agreement with BTIG, LLC.
BofA Securities also updated its outlook on Upstart, raising the price target to $53 while maintaining an Underperform rating, indicating caution over the company’s current valuation. In corporate governance news, Upstart appointed Peter Bernard to its Board of Directors, leveraging his extensive experience in banking and risk management. These updates come as Upstart continues to enhance its artificial intelligence models, aiming to improve risk management and adjust to macroeconomic conditions. The company’s strategic initiatives are poised to support further growth as it navigates the competitive fintech landscape.
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