Upstart Holdings, Inc. (NASDAQ:UPST) CEO Paul Gu purchased 50,000 shares of company stock. The transaction occurred on Thursday, September 10th. Gu acquired the shares at an average price of $25.55 each. The total investment value reached approximately $1.28 million.
This purchase increased Gu’s direct ownership in the company by 62.50%. He now holds a total of 130,000 shares.
The insider buying follows a period where Upstart stock traded near its 52-week low. The company recently reported a 41.9% year-over-year increase in revenue. However, earnings per share missed analyst expectations for the period. Market analysts currently maintain a consensus Hold rating on the stock.