Sanjay Datta, President of Capital & Enterprise at Upstart Holdings, Inc. (), sold 7,985 shares of the company’s common stock on May 20, 2026. The transactions totaled $229,739.
The shares were sold at a weighted average price of $28.7714 per share. Individual transaction prices for these sales ranged from $28.26 to $29.045. The sale was conducted to cover tax withholding obligations in connection with the vesting of restricted stock units (RSUs). Following this transaction, Mr. Datta directly holds 328,556 shares of Upstart Holdings common stock, which includes certain RSUs representing a contingent right to receive shares.The insider sale comes as Upstart shares trade at $28.56, down 67% from their 52-week high of $87.30. According to InvestingPro analysis, the stock is trading near its Fair Value, though investors should note that stock price movements are quite volatile with a beta of 2.26. InvestingPro offers 10 additional exclusive tips for UPST, including insights on profitability expectations and earnings revisions.
In other recent news, Upstart Holdings Inc. reported its first-quarter 2026 financial results, revealing a revenue of approximately $308 million, which surpassed the forecast of $302.73 million. However, the company’s earnings per share fell short of expectations, reporting a negative $0.07 compared to the anticipated $0.3931. Needham responded to these mixed results by lowering its price target for Upstart to $37 from $40, although it maintained a Buy rating. Additionally, Upstart has announced the appointment of Tim Wennes to its board of directors, effective May 28, 2026. Wennes brings over 35 years of experience in financial services, having previously served as President and CEO of Santander Holdings USA. In a strategic move, Upstart has partnered with USF Credit Union to offer AI-powered personal loans, aimed at expanding access to credit. Furthermore, Upstart’s CEO, Paul Gu, purchased 50,000 shares of the company at $27.50 per share through The Gu Qiao Family Trust. These developments reflect Upstart’s ongoing efforts to strengthen its leadership and expand its technological partnerships.
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