Upstart Holdings Inc’s recent filing unveils that its Chief Financial Officer Datta Sanjay unloaded Company’s shares for reported $27500.0 on Mar 11 ’24. In the deal valued at $27.50 per share,1,000 shares were sold. As a result of this transaction, Datta Sanjay now holds 400,536 shares worth roughly $10.46 million.
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Then, Datta Sanjay sold 1,000 shares, generating $26,210 in total proceeds. Upon selling the shares at $26.21, the Chief Financial Officer now owns 401,536 shares.
Before that, Gu Paul sold 30,000 shares. Upstart Holdings Inc shares valued at $769,773 were divested by the Chief Technology Offier at a price of $25.66 per share. As a result of the transaction, Gu Paul now holds 893,596 shares, worth roughly $23.33 million.
Needham initiated its Upstart Holdings Inc [UPST] rating to a Hold in a research note published recently. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who began to cover the stock in late July with a ‘”a Neutral”‘ rating. BTIG Research began covering UPST with “Buy” recommendation on June 14, 2023. JP Morgan started covering the stock on April 11, 2023. It rated UPST as “an Underweight”.
Price Performance Review of UPST
On Monday, Upstart Holdings Inc [NASDAQ:UPST] saw its stock jump 0.42% to $26.11. Over the last five days, the stock has gained 8.16%. Upstart Holdings Inc shares have fallen nearly -36.10% since the year began. Nevertheless, the stocks have risen 92.27% over the past one year. While a 52-week high of $72.58 was reached on 01/02/24, a 52-week low of $11.93 was recorded on 03/14/24. SMA at 50 days reached $28.85, while 200 days put it at $33.59. A total of 2.7 million shares were traded, compared to the trading of 7.84 million shares in the previous session.
Levels Of Support And Resistance For UPST Stock
The 24-hour chart illustrates a support level at 25.83, which if violated will result in even more drops to 25.56. On the upside, there is a resistance level at 26.59. A further resistance level may holdings at 27.08. The Relative Strength Index (RSI) on the 14-day chart is 48.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.68, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.43%. Stochastics %K at 54.22% indicates the stock is a holding.
How much short interest is there in Upstart Holdings Inc?
A steep rise in short interest was recorded in Upstart Holdings Inc stocks on Feb 29, 2024, dropping by -2.01 million shares to a total of 27.62 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 29.63 million shares. There was a decline of -7.28%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 36.75% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.2.
The most recent change occurred on March 07, 2023 when Compass Point began covering the stock and recommended ‘”a Sell”‘ rating along with a $6 price target.
