Pathstone Holdings LLC Purchases 1,119 Shares of Upstart Holdings, Inc. (NASDAQ:UPST)

Pathstone Holdings LLC boosted its position in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 0.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 396,408 shares of the company’s stock after purchasing an additional 1,119 shares during the period. Pathstone Holdings LLC’s holdings in Upstart were worth $15,860,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Millennium Management LLC lifted its stake in Upstart by 1,792.9% during the second quarter. Millennium Management LLC now owns 262,396 shares of the company’s stock worth $6,190,000 after purchasing an additional 277,896 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Upstart by 4,087.8% during the 3rd quarter. International Assets Investment Management LLC now owns 233,258 shares of the company’s stock worth $9,333,000 after buying an additional 227,688 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Upstart by 442.1% during the 2nd quarter. SG Americas Securities LLC now owns 148,214 shares of the company’s stock worth $3,496,000 after buying an additional 120,871 shares during the last quarter. Vanguard Group Inc. boosted its stake in Upstart by 1.6% in the first quarter. Vanguard Group Inc. now owns 7,128,975 shares of the company’s stock valued at $191,698,000 after buying an additional 115,057 shares in the last quarter. Finally, Magnetar Financial LLC grew its position in Upstart by 1,106.7% in the first quarter. Magnetar Financial LLC now owns 97,281 shares of the company’s stock valued at $2,616,000 after acquiring an additional 89,219 shares during the last quarter. 63.01% of the stock is owned by institutional investors.

Upstart Stock Performance

Shares of UPST stock opened at $71.11 on Wednesday. The company has a market cap of $6.49 billion, a P/E ratio of -36.84 and a beta of 1.97. Upstart Holdings, Inc. has a fifty-two week low of $20.60 and a fifty-two week high of $86.07. The stock has a 50 day simple moving average of $49.26 and a two-hundred day simple moving average of $35.86.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on UPST. JPMorgan Chase & Co. upgraded shares of Upstart from an “underweight” rating to a “neutral” rating and raised their price target for the company from $30.00 to $45.00 in a research note on Friday, November 8th. Citigroup upgraded shares of Upstart from a “neutral” rating to a “buy” rating and upped their price target for the stock from $56.00 to $87.00 in a report on Friday, November 8th. BTIG Research upgraded Upstart from a “sell” rating to a “neutral” rating in a research report on Monday, November 11th. Needham & Company LLC reissued a “hold” rating on shares of Upstart in a research note on Thursday, August 8th. Finally, Barclays lifted their target price on shares of Upstart from $25.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. One 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $46.83.

Insider Activity at Upstart

In other Upstart news, Chief Legal Officer Scott Darling sold 9,000 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $45.00, for a total transaction of $405,000.00. Following the completion of the sale, the insider now owns 164,870 shares in the company, valued at approximately $7,419,150. The trade was a 5.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Sanjay Datta sold 1,500 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $79.54, for a total transaction of $119,310.00. Following the completion of the transaction, the chief financial officer now directly owns 331,093 shares in the company, valued at $26,335,137.22. This trade represents a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 406,604 shares of company stock worth $21,397,881 in the last quarter. 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.