Upstart Holdings, Inc. (NASDAQ:UPST) Shares Sold by Headlands Technologies LLC

Headlands Technologies LLC lowered its position in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 76.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 19,250 shares of the company’s stock after selling 63,222 shares during the quarter. Headlands Technologies LLC’s holdings in Upstart were worth $1,185,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its position in Upstart by 5.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 642,876 shares of the company’s stock valued at $25,721,000 after buying an additional 32,052 shares during the last quarter. FMR LLC raised its holdings in shares of Upstart by 36.3% during the third quarter. FMR LLC now owns 6,735 shares of the company’s stock worth $269,000 after purchasing an additional 1,792 shares during the last quarter. Edgestream Partners L.P. acquired a new position in Upstart during the third quarter valued at $727,000. Point72 Hong Kong Ltd purchased a new stake in Upstart in the third quarter valued at $102,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Upstart during the 3rd quarter worth about $35,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Piper Sandler restated an “overweight” rating and issued a $105.00 target price (up previously from $85.00) on shares of Upstart in a research note on Wednesday, February 12th. Citigroup raised their price target on shares of Upstart from $87.00 to $108.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Morgan Stanley raised shares of Upstart from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $12.00 to $70.00 in a research note on Friday, February 14th. Bank of America raised their target price on Upstart from $33.00 to $39.00 and gave the company an “underperform” rating in a research report on Wednesday, February 12th. Finally, Barclays increased their price target on Upstart from $80.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $73.38.

Upstart Stock Down 0.1 %

NASDAQ UPST opened at $46.00 on Wednesday. Upstart Holdings, Inc. has a 52 week low of $20.60 and a 52 week high of $96.43. The business’s fifty day simple moving average is $62.49 and its 200-day simple moving average is $60.61. The firm has a market cap of $4.31 billion, a PE ratio of -31.51 and a beta of 2.25.

Upstart (NASDAQ:UPST) last announced its quarterly earnings results on Tuesday, February 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. Upstart had a negative net margin of 20.20% and a negative return on equity of 25.87%. Research analysts expect that Upstart Holdings, Inc. will post -0.03 EPS for the current year.

Insiders Place Their Bets

In other Upstart news, CFO Sanjay Datta sold 16,070 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $23,353,333.74. The trade was a 5.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction of $357,441.24. Following the completion of the sale, the chief executive officer now directly owns 52,614 shares in the company, valued at approximately $4,157,032.14. This represents a 7.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 75,062 shares of company stock worth $5,247,182 over the last three months. Company insiders own 18.06% of the company’s stock.

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.