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SAN MATEO, CA—Natalia Mirgorodskaya, Chief Accounting Officer and Controller at Upstart Holdings, Inc. (NASDAQ:UPST), has sold 1,340 shares of the company’s common stock. The transaction, executed on May 23, was carried out under a pre-established Rule 10b5-1 trading plan. The shares were sold at an average price of $44.19 each, resulting in a total sale value of $59,214. The stock, currently trading at $47.01, has shown significant volatility with a 102% return over the past year, despite a 39% decline in the last six months, according to InvestingPro data.
Following this transaction, Mirgorodskaya holds 24,623 shares of Upstart Holdings, some of which are restricted stock units subject to specific vesting conditions. The sale was documented in a recent SEC filing, underscoring the ongoing financial activities of the company’s key executives. InvestingPro analysis indicates the stock is currently overvalued, with 12 additional exclusive insights available to subscribers, including detailed valuation metrics and growth forecasts.
In other recent news, Upstart Holdings Inc . reported a significant earnings beat for the first quarter of 2025, with adjusted earnings per share reaching $0.30, surpassing the forecasted $0.17. The company also exceeded revenue expectations, reporting $213 million compared to the forecast of $201.13 million, marking a 67% year-over-year increase. Additionally, Upstart announced a new $1.2 billion forward flow agreement with Fortress and a $320 million asset-backed securities deal, contributing to its robust financial standing. Analyst firms have varied in their outlooks, with Citi reducing its price target to $83 from $108 but maintaining a Buy rating, while Needham reiterated a Buy rating with a $70 target. During its annual stockholder meeting, Upstart confirmed the election of two Class II directors and ratified Deloitte & Touche LLP as its independent accounting firm for the fiscal year ending December 31, 2025. Upstart’s innovative AI techniques in its lending model continue to draw attention, as evidenced by its partnership with Walmart (NYSE:WMT)’s OnePay to expand its credit offerings. Despite the positive financial results, the company has faced some market challenges, including a decrease in contribution margin and mixed reactions from investors.
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