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Upstart Holdings, Inc. (NASDAQ:UPST), the AI lending platform with a market capitalization of $6.59 billion, saw a notable transaction from one of its executives, Natalia Mirgorodskaya, who serves as the Chief Accounting Officer and Controller. The stock has shown remarkable performance with a 196% return over the past year, despite recent volatility. On February 20, 2025, Mirgorodskaya sold a total of 794 shares of the company’s common stock. The shares were sold at prices ranging from $78.9916 to $79.52, amounting to a total of $62,745. According to InvestingPro, the stock has recently experienced a significant pullback, declining nearly 13% over the past week, with the current price at $70.50.
These transactions were executed to cover tax withholding obligations related to the vesting of restricted stock units (RSUs). Following the sale, Mirgorodskaya holds 21,985 shares of Upstart Holdings. Notably, this figure includes 683 shares acquired on February 15, 2025, under the company’s 2020 Employee Stock Purchase Plan.
In other recent news, Upstart Holdings, Inc. reported a remarkable fourth-quarter 2024 revenue of $219 million, significantly surpassing analyst expectations of $182.07 million. The company’s adjusted EPS stood at $0.26, while the GAAP EPS was -$0.03, slightly missing the analyst estimate of -$0.04. Looking ahead, Upstart projects first-quarter 2025 revenue of approximately $200 million, exceeding the consensus estimate of $184.6 million, and anticipates a full-year 2025 revenue of about $1 billion, outpacing analyst expectations. Additionally, Upstart has launched a $500 million at-the-market equity offering program, aiming to raise capital with BTIG, LLC acting as the sales agent.
In other developments, Citi and Mizuho (NYSE:MFG) Securities have raised their price targets for Upstart’s stock to $108 and $110, respectively, citing improved financial outlooks and potential for continued outperformance. The company has also appointed Peter Bernard to its Board of Directors, bringing extensive expertise in banking and risk management. Upstart’s recent initiatives and strategic appointments are part of its ongoing efforts to expand its reach and enhance its financial performance in the competitive lending market.
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