231,900 Shares in Upstart Holdings, Inc. (NASDAQ:UPST) Bought by Wealthfront Advisers LLC

Wealthfront Advisers LLC purchased a new stake 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 SEC. The fund purchased 231,900 shares of the company’s stock, valued at approximately $14,278,000.

Other large investors also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Upstart during the third quarter worth approximately $35,000. BNP Paribas purchased a new position in shares of Upstart in the third quarter valued at $37,000. Prospera Private Wealth LLC purchased a new stake in Upstart during the 3rd quarter worth about $47,000. Quest Partners LLC increased its position in Upstart by 1,424.8% during the 3rd quarter. Quest Partners LLC now owns 1,723 shares of the company’s stock worth $69,000 after purchasing an additional 1,610 shares in the last quarter. Finally, West Tower Group LLC purchased a new stake in Upstart in the 3rd quarter valued at about $80,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Insider Buying and Selling

In other Upstart news, CEO Dave Girouard sold 41,667 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $62.60, for a total value of $2,608,354.20. Following the sale, the chief executive officer now owns 57,138 shares of the company’s stock, valued at $3,576,838.80. The trade was a 42.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Sanjay Datta sold 16,070 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $23,353,333.74. This represents a 5.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 75,062 shares of company stock worth $5,247,182 in the last 90 days. Insiders own 18.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on UPST shares. The Goldman Sachs Group lifted their price objective on Upstart from $13.50 to $15.00 and gave the company a “sell” rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. raised shares of Upstart from an “underweight” rating to a “neutral” rating and raised their target price for the company from $57.00 to $79.00 in a research note on Wednesday, February 12th. Wedbush raised their price objective on shares of Upstart from $60.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, December 2nd. Needham & Company LLC increased their price target on shares of Upstart from $100.00 to $108.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Finally, Morgan Stanley raised shares of Upstart from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $12.00 to $70.00 in a research report on Friday, February 14th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Upstart presently has a consensus rating of “Hold” and a consensus price target of $73.38.

Upstart Trading Down 1.6 %

UPST opened at $46.65 on Wednesday. The stock has a market capitalization of $4.37 billion, a P/E ratio of -31.95 and a beta of 2.25. Upstart Holdings, Inc. has a 12-month low of $20.60 and a 12-month high of $96.43. The stock has a 50-day moving average price of $65.91 and a 200-day moving average price of $59.44.

Upstart (NASDAQ:UPST) last issued its quarterly earnings data on Tuesday, February 11th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.02. Upstart had a negative return on equity of 25.87% and a negative net margin of 20.20%. On average, equities research analysts predict that Upstart Holdings, Inc. will post -0.03 EPS for the current year.

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.