Azora Capital LP Sells 41,553 Shares of Upstart Holdings, Inc. (NASDAQ:UPST)

Azora Capital LP decreased its holdings in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 11.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 329,755 shares of the company’s stock after selling 41,553 shares during the period. Azora Capital LP’s holdings in Upstart were worth $13,193,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in UPST. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Upstart during the 3rd quarter worth about $35,000. BNP Paribas acquired a new position in Upstart during the third quarter valued at approximately $37,000. Blue Trust Inc. boosted its position in Upstart by 125.3% during the third quarter. Blue Trust Inc. now owns 989 shares of the company’s stock valued at $40,000 after purchasing an additional 550 shares during the last quarter. Hollencrest Capital Management bought a new position in Upstart in the third quarter valued at approximately $40,000. Finally, Indiana Trust & Investment Management Co acquired a new position in shares of Upstart during the 3rd quarter worth approximately $43,000. Institutional investors own 63.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Needham & Company LLC reissued a “hold” rating on shares of Upstart in a report on Thursday, August 8th. JPMorgan Chase & Co. upgraded shares of Upstart from an “underweight” rating to a “neutral” rating and increased their price target for the company from $30.00 to $45.00 in a research note on Friday, November 8th. Mizuho boosted their price objective on shares of Upstart from $33.00 to $48.00 and gave the stock an “outperform” rating in a research note on Friday, September 20th. Barclays lifted their price target on Upstart from $25.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, August 12th. Finally, Citigroup upgraded Upstart from a “neutral” rating to a “buy” rating and upped their price objective for the company from $56.00 to $87.00 in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $46.83.

Insider Buying and Selling at Upstart

In other Upstart news, CFO Sanjay Datta sold 1,500 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $79.54, for a total value of $119,310.00. Following the completion of the sale, the chief financial officer now owns 331,093 shares of the company’s stock, valued at $26,335,137.22. The trade was a 0.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Dave Girouard sold 41,667 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $65.15, for a total transaction of $2,714,605.05. Following the transaction, the chief executive officer now owns 61,512 shares in the company, valued at approximately $4,007,506.80. The trade was a 40.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 502,939 shares of company stock valued at $28,887,725 in the last ninety days. 18.06% of the stock is currently owned by corporate insiders.

Upstart Trading Up 0.5 %

Shares of NASDAQ UPST opened at $78.79 on Monday. The firm has a market cap of $7.19 billion, a P/E ratio of -40.82 and a beta of 1.97. The business’s 50 day moving average is $55.46 and its 200-day moving average is $38.68. Upstart Holdings, Inc. has a 1-year low of $20.60 and a 1-year high of $86.07.

About Upstart

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.