Upstart Holdings, Inc. (NASDAQ:UPST) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP boosted its position in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 416.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 98,158 shares of the company’s stock after buying an additional 79,146 shares during the period. Quantbot Technologies LP’s holdings in Upstart were worth $3,927,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its position in Upstart by 125.3% during the third quarter. Blue Trust Inc. now owns 989 shares of the company’s stock worth $40,000 after buying an additional 550 shares during the period. Hollencrest Capital Management acquired a new position in Upstart during the third quarter worth approximately $40,000. Indiana Trust & Investment Management Co acquired a new position in Upstart during the third quarter worth approximately $43,000. Prospera Private Wealth LLC acquired a new position in Upstart during the third quarter worth approximately $47,000. Finally, Anfield Capital Management LLC acquired a new position in Upstart during the second quarter worth approximately $33,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Insiders Place Their Bets

In other Upstart news, CFO Sanjay Datta sold 1,500 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $79.54, for a total transaction of $119,310.00. Following the sale, the chief financial officer now directly owns 331,093 shares in the company, valued at approximately $26,335,137.22. The trade was a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Natalia Mirgorodskaya sold 1,511 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $69.85, for a total value of $105,543.35. Following the completion of the transaction, the insider now directly owns 20,007 shares of the company’s stock, valued at approximately $1,397,488.95. This trade represents a 7.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 451,742 shares of company stock worth $24,719,949. 18.06% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on UPST. Wedbush lifted their price target on Upstart from $45.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Needham & Company LLC reissued a “hold” rating on shares of Upstart in a report on Thursday, August 8th. Mizuho boosted their target price on Upstart from $33.00 to $48.00 and gave the company an “outperform” rating in a report on Friday, September 20th. BTIG Research raised Upstart from a “sell” rating to a “neutral” rating in a report on Monday, November 11th. Finally, Citigroup raised Upstart from a “neutral” rating to a “buy” rating and boosted their target price for the company from $56.00 to $87.00 in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Upstart currently has an average rating of “Hold” and a consensus target price of $46.83.

Upstart Price Performance

Upstart stock opened at $78.51 on Wednesday. Upstart Holdings, Inc. has a 1-year low of $20.60 and a 1-year high of $86.07. The company has a market cap of $7.16 billion, a PE ratio of -40.68 and a beta of 1.97. The stock’s 50 day moving average price is $53.10 and its 200 day moving average price is $37.61.

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.