Upstart Holdings, Inc. (NASDAQ:UPST) Holdings Lifted by Natixis Advisors LLC

Natixis Advisors LLC boosted its position in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 48.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,649 shares of the company’s stock after buying an additional 9,946 shares during the quarter. Natixis Advisors LLC’s holdings in Upstart were worth $1,411,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of UPST. Two Sigma Advisers LP boosted its stake in Upstart by 190.2% during the fourth quarter. Two Sigma Advisers LP now owns 1,709,300 shares of the company’s stock valued at $105,242,000 after buying an additional 1,120,300 shares in the last quarter. Marshall Wace LLP boosted its stake in Upstart by 300.2% during the fourth quarter. Marshall Wace LLP now owns 1,061,512 shares of the company’s stock valued at $65,357,000 after buying an additional 796,252 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Upstart during the fourth quarter worth $43,697,000. Fred Alger Management LLC raised its position in shares of Upstart by 53.6% during the fourth quarter. Fred Alger Management LLC now owns 1,915,121 shares of the company’s stock worth $117,914,000 after purchasing an additional 668,282 shares during the period. Finally, Invesco Ltd. raised its position in shares of Upstart by 886.0% during the fourth quarter. Invesco Ltd. now owns 709,684 shares of the company’s stock worth $43,695,000 after purchasing an additional 637,706 shares during the period. Institutional investors own 63.01% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on UPST shares. Stephens started coverage on Upstart in a research report on Thursday, June 12th. They set an “equal weight” rating and a $55.00 target price on the stock. Bank of America cut their target price on Upstart from $88.00 to $87.00 and set a “neutral” rating on the stock in a research report on Wednesday. Barclays boosted their target price on Upstart from $42.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Monday, May 12th. Piper Sandler boosted their target price on Upstart from $75.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, The Goldman Sachs Group raised Upstart to a “sell” rating and set a $71.00 target price on the stock in a research report on Monday, July 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Upstart currently has an average rating of “Hold” and a consensus target price of $77.85.

Insider Transactions at Upstart

In related news, CFO Sanjay Datta sold 13,512 shares of the company’s stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $46.97, for a total value of $634,658.64. Following the completion of the sale, the chief financial officer directly owned 311,356 shares in the company, valued at approximately $14,624,391.32. This represents a 4.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Dave Girouard sold 41,667 shares of the company’s stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $75.07, for a total transaction of $3,127,941.69. Following the completion of the sale, the chief executive officer owned 52,614 shares of the company’s stock, valued at $3,949,732.98. This represents a 44.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 151,650 shares of company stock valued at $9,665,841. 16.67% of the stock is owned by insiders.

Upstart Trading Down 1.1%

NASDAQ UPST opened at $68.76 on Friday. Upstart Holdings, Inc. has a 1-year low of $31.40 and a 1-year high of $96.43. The company has a market capitalization of $6.62 billion, a PE ratio of -859.50 and a beta of 2.39. The firm’s fifty day simple moving average is $68.78 and its 200-day simple moving average is $59.20.

Upstart (NASDAQ:UPST) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.09. Upstart had a negative net margin of 0.75% and a negative return on equity of 5.95%. The business had revenue of $257.29 million for the quarter, compared to the consensus estimate of $225.35 million. During the same period in the prior year, the business posted ($0.17) earnings per share. Upstart’s revenue for the quarter was up 101.6% compared to the same quarter last year. As a group, 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.