Cassady Schiller Wealth Management LLC Has $208,000 Position in Upstart Holdings, Inc. (NASDAQ:UPST)

Cassady Schiller Wealth Management LLC grew its holdings in Upstart Holdings, Inc. (NASDAQ:UPST) by 24.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,202 shares of the company’s stock after purchasing an additional 1,009 shares during the quarter. Cassady Schiller Wealth Management LLC’s holdings in Upstart were worth $208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in UPST. Blue Trust Inc. lifted its stake in Upstart by 125.3% in the third quarter. Blue Trust Inc. now owns 989 shares of the company’s stock valued at $40,000 after buying an additional 550 shares during the period. Hollencrest Capital Management acquired a new position in shares of Upstart during the 3rd quarter valued at $40,000. Indiana Trust & Investment Management Co acquired a new position in shares of Upstart during the 3rd quarter valued at $43,000. Anfield Capital Management LLC bought a new position in Upstart during the second quarter worth $33,000. Finally, Castleview Partners LLC grew its holdings in Upstart by 21,610.0% in the third quarter. Castleview Partners LLC now owns 2,171 shares of the company’s stock worth $87,000 after purchasing an additional 2,161 shares during the period. Institutional investors own 63.01% of the company’s stock.

Insider Activity

In other Upstart news, insider Scott Darling sold 84,000 shares of the stock in a transaction on Monday, October 14th. The shares were sold at an average price of $50.02, for a total transaction of $4,201,680.00. Following the completion of the sale, the insider now owns 152,043 shares of the company’s stock, valued at $7,605,190.86. This represents a 35.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Paul Gu sold 45,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $40.86, for a total transaction of $1,838,700.00. Following the completion of the sale, the chief technology officer now directly owns 878,565 shares in the company, valued at approximately $35,898,165.90. This trade represents a 4.87 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 356,126 shares of company stock valued at $16,558,090. 18.06% of the stock is currently owned by company insiders.

Upstart Stock Performance

UPST opened at $68.36 on Friday. The stock’s 50 day simple moving average is $47.85 and its 200 day simple moving average is $35.12. Upstart Holdings, Inc. has a 1 year low of $20.60 and a 1 year high of $86.07.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on UPST shares. Piper Sandler upgraded shares of Upstart from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $31.00 to $85.00 in a report on Friday, November 8th. BTIG Research upgraded Upstart from a “sell” rating to a “neutral” rating in a report on Monday, November 11th. JPMorgan Chase & Co. upgraded Upstart from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $30.00 to $45.00 in a report on Friday, November 8th. Citigroup raised Upstart from a “neutral” rating to a “buy” rating and upped their target price for the stock from $56.00 to $87.00 in a research report on Friday, November 8th. Finally, Needham & Company LLC restated a “hold” rating on shares of Upstart in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $46.83.

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.