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Upstart executives sold shares despite the company reporting strong earnings, raising investor concerns.
Insiders at Upstart Holdings, including CEO Dave Girouard and CFO Sanjay Datta, sold significant portions of their shares recently, reducing their ownership by about 8% and 5%, respectively.
Upstart, a cloud-based AI lending platform, reported earnings that beat analysts' expectations, though the company has a negative return on equity.
Institutional investors increased their stakes, but analysts gave a mixed "Hold" rating with a price target of $73.38.
The company's market value is $6.61 billion.
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Los ejecutivos de Upstart vendieron acciones a pesar de que la compañía reportó fuertes ganancias, lo que suscitó preocupaciones de los inversionistas.