3,110 Shares in Upstart Holdings, Inc. (NASDAQ:UPST) Purchased by GWN Securities Inc.

GWN Securities Inc. acquired a new position in shares of Upstart Holdings, Inc. (NASDAQ:UPST) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,110 shares of the company’s stock, valued at approximately $205,000.

Several other hedge funds have also bought and sold shares of UPST. Rakuten Securities Inc. bought a new stake in Upstart during the fourth quarter worth about $31,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Upstart during the third quarter worth about $35,000. BNP Paribas bought a new position in shares of Upstart in the third quarter worth approximately $37,000. Prospera Private Wealth LLC bought a new position in shares of Upstart in the third quarter worth approximately $47,000. Finally, Farther Finance Advisors LLC lifted its stake 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 buying an additional 172 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Upstart Trading Down 4.5 %

Shares of UPST stock opened at $47.79 on Wednesday. Upstart Holdings, Inc. has a 12 month low of $20.60 and a 12 month high of $96.43. The stock has a market cap of $4.48 billion, a P/E ratio of -32.73 and a beta of 2.25. The company has a 50 day simple moving average of $64.56 and a two-hundred day simple moving average of $59.64.

Upstart (NASDAQ:UPST) last announced its earnings results on Tuesday, February 11th. The company reported ($0.02) EPS for the quarter, beating 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%. As a group, equities analysts forecast that Upstart Holdings, Inc. will post -0.03 earnings per share for the current year.

Insider Transactions at Upstart

In other news, insider Natalia Mirgorodskaya sold 794 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $79.02, for a total value of $62,741.88. Following the completion of the sale, the insider now directly owns 21,985 shares of the company’s stock, valued at $1,737,254.70. This represents a 3.49 % 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 stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $79.02, for a total transaction of $1,269,851.40. Following the completion of the sale, the chief financial officer now directly owns 295,537 shares of the company’s stock, valued at approximately $23,353,333.74. This trade represents a 5.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 75,062 shares of company stock valued at $5,247,182 over the last three months. Corporate insiders own 18.06% of the company’s stock.

Wall Street Analyst Weigh In

UPST has been the topic of several analyst reports. Morgan Stanley upgraded shares of Upstart from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $12.00 to $70.00 in a research note on Friday, February 14th. The Goldman Sachs Group upped their target price on shares of Upstart from $13.50 to $15.00 and gave the stock a “sell” rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. upgraded shares of Upstart from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $57.00 to $79.00 in a research note on Wednesday, February 12th. Barclays upped their target price on shares of Upstart from $80.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 18th. Finally, Wedbush boosted their price objective on shares of Upstart from $60.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $73.38.

Upstart Company 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.