SBI Securities Co. Ltd. Takes Position in Upstart Holdings, Inc. (NASDAQ:UPST)

SBI Securities Co. Ltd. acquired a new position in Upstart Holdings, Inc. (NASDAQ:UPST) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 16,482 shares of the company’s stock, valued at approximately $1,015,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Upstart in the 3rd quarter worth $35,000. BNP Paribas acquired a new position in Upstart during the third quarter worth about $37,000. Hollencrest Capital Management bought a new stake in Upstart in the third quarter worth about $40,000. Prospera Private Wealth LLC bought a new stake in Upstart in the third quarter worth about $47,000. Finally, Quest Partners LLC lifted its holdings in Upstart by 1,424.8% in the 3rd quarter. Quest Partners LLC now owns 1,723 shares of the company’s stock valued at $69,000 after acquiring an additional 1,610 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on UPST shares. Bank of America lifted their price objective 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. B. Riley raised Upstart from a “neutral” rating to a “buy” rating and upped their price target for the company from $49.00 to $105.00 in a report on Wednesday, February 12th. Citigroup increased their price objective on Upstart from $87.00 to $108.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Needham & Company LLC lifted their target price on Upstart from $100.00 to $108.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Finally, Wedbush upped their target price on Upstart from $60.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Upstart has an average rating of “Hold” and an average target price of $73.38.

Upstart Trading Down 7.5 %

Shares of Upstart stock opened at $61.69 on Tuesday. Upstart Holdings, Inc. has a 1 year low of $20.60 and a 1 year high of $96.43. The stock has a 50-day moving average price of $67.50 and a 200 day moving average price of $58.85. The company has a market cap of $5.78 billion, a P/E ratio of -42.25 and a beta of 2.25.

Upstart (NASDAQ:UPST) last posted 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%. On average, equities analysts forecast that Upstart Holdings, Inc. will post -0.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Upstart

In other news, CTO Paul Gu sold 4,019 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $75.00, for a total transaction of $301,425.00. Following the completion of the sale, the chief technology officer now directly owns 863,065 shares of the company’s stock, valued at $64,729,875. This trade represents a 0.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value 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. The trade was a 5.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 79,081 shares of company stock valued at $5,548,607 in the last quarter. Company insiders own 18.06% of the company’s stock.

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.