Upstart Holdings, Inc. (NASDAQ:UPST) Shares Sold by Advisory Services Network LLC

Advisory Services Network LLC trimmed its position in Upstart Holdings, Inc. (NASDAQ:UPST - Free Report) by 63.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,554 shares of the company's stock after selling 7,858 shares during the quarter. Advisory Services Network LLC's holdings in Upstart were worth $280,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rakuten Securities Inc. bought a new position in shares of Upstart during the 4th quarter valued at approximately $31,000. Farther Finance Advisors LLC grew its holdings in shares of Upstart by 24.2% in the fourth quarter. Farther Finance Advisors LLC now owns 882 shares of the company's stock worth $54,000 after purchasing an additional 172 shares during the last quarter. GAMMA Investing LLC increased its stake in Upstart by 19.9% in the 4th quarter. GAMMA Investing LLC now owns 1,348 shares of the company's stock worth $83,000 after buying an additional 224 shares during the period. Blue Trust Inc. boosted its position in Upstart by 49.1% in the 4th quarter. Blue Trust Inc. now owns 1,475 shares of the company's stock valued at $91,000 after buying an additional 486 shares during the period. Finally, R Squared Ltd bought a new position in Upstart in the 4th quarter worth about $96,000. 63.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on UPST. B. Riley raised Upstart from a "neutral" rating to a "buy" rating and increased their price target for the stock from $49.00 to $105.00 in a research report on Wednesday, February 12th. Barclays reduced their price target on Upstart from $93.00 to $42.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. Bank of America lifted their target price on shares of Upstart from $33.00 to $39.00 and gave the stock an "underperform" rating in a research note on Wednesday, February 12th. Piper Sandler reiterated an "overweight" rating and set a $105.00 price target (up previously from $85.00) on shares of Upstart in a research note on Wednesday, February 12th. Finally, Morgan Stanley upgraded shares of Upstart from an "underweight" rating to an "equal weight" rating and boosted their target price for the company from $12.00 to $70.00 in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $69.46.

Insiders Place Their Bets

In other Upstart news, CEO Dave Girouard sold 4,524 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $79.01, for a total value of $357,441.24. Following the transaction, the chief executive officer now directly owns 52,614 shares in the company, valued at $4,157,032.14. This represents a 7.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Sanjay Datta sold 16,070 shares of the company's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $79.02, for a total transaction of $1,269,851.40. Following the completion of the transaction, the chief financial officer now owns 295,537 shares of the company's stock, valued at approximately $23,353,333.74. The trade was a 5.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,395 shares of company stock valued at $2,638,828 in the last ninety days. Insiders own 16.67% of the company's stock.

Upstart Stock Performance

Shares of UPST traded up $2.24 during midday trading on Thursday, hitting $46.22. 2,160,116 shares of the stock were exchanged, compared to its average volume of 6,549,609. The firm has a market cap of $4.33 billion, a P/E ratio of -31.57 and a beta of 2.39. Upstart Holdings, Inc. has a 52-week low of $20.60 and a 52-week high of $96.43. The stock has a fifty day simple moving average of $51.91 and a 200 day simple moving average of $60.30.

Upstart (NASDAQ:UPST - Get Free Report) last issued its earnings results on Tuesday, February 11th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.02. Upstart had a negative net margin of 20.20% and a negative return on equity of 25.87%. As a group, equities research analysts forecast that Upstart Holdings, Inc. will post -0.03 EPS for the current fiscal year.

Upstart Profile

Upstart Holdings, Inc, together with its subsidiaries, operates a cloud-based artificial intelligence (AI) lending platform in the United States. Its platform includes personal loans, automotive retail and refinance loans, home equity lines of credit, and small dollar loans that connects consumer demand for loans to its to bank and credit unions.