On September 23, 2024, Sanjay Datta, Chief Financial Officer of Upstart Holdings Inc (UPST, Financial), executed a sale of 1,500 shares of the company. The transaction was filed with the SEC and can be viewed in detail through the SEC Filing. Following this transaction, the insider now owns 341,593 shares of Upstart Holdings Inc.
Upstart Holdings Inc operates as a cloud-based artificial intelligence (AI) lending platform. The company's platform aggregates consumer demand for loans and connects it to its network of the company's AI-enabled bank partners.
Over the past year, the insider has sold a total of 115,127 shares and has not made any purchases. This recent sale is part of a broader trend observed within the company, where there have been 96 insider sells and no insider buys over the past year.
Shares of Upstart Holdings Inc were trading at $40 on the day of the sale. The company has a market cap of approximately $3.54 billion. According to the GF Value, the intrinsic value estimate for the stock is $26.06, which suggests that the stock is significantly overvalued with a price-to-GF-Value ratio of 1.53.
The GF Value is calculated based on 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 Morningstar analysts.
This sale by the insider may be of interest to current and potential investors, providing insight into insider confidence and stock valuation concerns.
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.
