Yahoo Finance Insider Sale: CFO Sanjay Datta Sells 18,138 Shares of Upstart Holdings Inc (UPST)
On May 20, 2024, Sanjay Datta, Chief Financial Officer of Upstart Holdings Inc (NASDAQ:UPST), executed a sale of 18,138 shares of the company. According to the SEC Filing, the transaction occurred at a stock price of $25.61 per share. The total amount for the transaction was approximately $464,495.
Upstart Holdings Inc operates a cloud-based artificial intelligence (AI) lending platform. The platform aggregates consumer demand for loans and connects it to the company's network of the company's AI-enabled bank partners.
Over the past year, the insider has sold a total of 140,826 shares of Upstart Holdings Inc and has not purchased any shares. This recent transaction follows a trend observed over the past year, where there have been 79 insider sells and no insider buys.
The shares of Upstart Holdings Inc were trading at $25.61 on the day of the transaction, giving the company a market cap of approximately $2.14 billion. According to GF Value, the stock is currently modestly undervalued, with a price-to-GF-Value ratio of 0.92.
The GF Value of $27.95 is derived from historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted by a GuruFocus factor based on the company's past returns and growth, and future business performance estimates from analysts.
This sale by the insider might be of interest to investors tracking insider behaviors as an indicator of confidence in the company's future prospects or for other strategic reasons.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
