Upstart president Sanjay Datta sells $565k in company stock

Upstart Holdings, Inc. (NASDAQ: UPST) President Sanjay Datta recently sold 18,945 shares of company common stock, amounting to approximately $565,931. The sales took place over two consecutive days, with prices fluctuating between $27.98 and $31.50 per share. On August 19, 2026, Datta sold 10,000 shares at a weighted average price of $31.4633 in multiple transactions, each ranging between $31.415 and $31.50.

The following day, August 20, 2026, he disposed of an additional 8,945 shares at a weighted average price of $28.0937, sold to satisfy tax withholding obligations related to the vesting of restricted stock units. Prices for these shares ranged from $27.98 to $28.475. After the sales, Datta's direct beneficial ownership in Upstart Holdings was reduced to 292,578 shares of common stock.

Several of these securities are restricted stock units, each providing a contingent right to receive one share of common stock, contingent upon meeting applicable vesting schedules and conditions. Investors seeking a thorough analysis of Upstart's financial condition and executive compensation trends may refer to the detailed Pro Research Report available for UPST and over 1,400 other US equities on InvestingPro.

Furthermore, Upstart Holdings recently disclosed its second-quarter 2026 financial results, which revealed mixed outcomes. The company underperformed Wall Street's earnings expectations but surpassed revenue projections and regained GAAP profitability. Adjusted diluted earnings per share amounted to $0.16, slightly below the estimated $0.18.

Revenue reached $364.7 million, exceeding the forecasted $347.2 million. Mizuho has maintained an Outperform rating for Upstart, with a price target of $45.00, expressing optimism about the company's future prospects and conservative guidance for 2026, particularly in revenue expectations.