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SAN MATEO, CA—Paul Gu, Chief Technology Officer at Upstart Holdings, Inc. (NASDAQ:UPST), recently executed a series of stock sales amounting to a total of $948,826, according to a recent SEC filing. The transactions took place on February 20, 2025, involving a total of 12,007 shares of common stock. The shares were sold at prices ranging from $79.0044 to $79.556 per share. The stock, which has shown significant volatility with a beta of 2.26, has delivered an impressive 196% return over the past year. According to InvestingPro analysis, the company appears to be trading above its Fair Value.
These transactions were primarily conducted to cover tax withholding obligations related to the vesting of restricted stock units (RSUs). Following these sales, Gu retains ownership of 1,006,599 shares in the company. Notably, this figure includes 683 shares acquired under Upstart’s 2020 Employee Stock Purchase Plan on February 15, 2025. The company, with a market capitalization of $6.6 billion, has maintained strong liquidity with a current ratio of 14.31.
Upstart Holdings, a company specializing in finance services, continues to be a key player in the industry, with its headquarters located in San Mateo, California. The company has shown robust revenue growth of 23.4% in the last twelve months, and analysts expect profitability improvements ahead. Get deeper insights into UPST’s volatility patterns and 12 additional exclusive ProTips with InvestingPro.
In other recent news, Upstart Holdings, Inc. reported a strong fourth-quarter 2024 revenue of $219 million, exceeding analyst expectations of $182.07 million and marking a 56% increase compared to the previous year. The company also provided an optimistic outlook for 2025, projecting approximately $1 billion in revenue, surpassing the consensus estimate of $823.14 million. In a move to strengthen its financial position, Upstart announced a $500 million at-the-market equity offering, with BTIG, LLC acting as the sales agent. This initiative aims to provide the company with additional capital for general corporate purposes, including working capital. Analysts have responded positively to Upstart’s recent performance, with Citi raising its stock price target from $87 to $108, and Mizuho (NYSE:MFG) increasing its target from $90 to $110, both maintaining favorable ratings. These adjustments reflect confidence in Upstart’s improved financial outlook and strategic initiatives. Additionally, Upstart appointed Peter Bernard to its Board of Directors, bringing extensive experience in banking and risk management to the company. Bernard’s expertise is expected to contribute to Upstart’s growth and innovation in the lending market.
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