Fiducient Advisors LLC Sells 4,000 Shares of Upstart Holdings, Inc. (NASDAQ:UPST)

Fiducient Advisors LLC lowered its holdings in Upstart Holdings, Inc. (NASDAQ:UPST) by 22.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 14,000 shares of the company’s stock after selling 4,000 shares during the quarter. Fiducient Advisors LLC’s holdings in Upstart were worth $560,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Principal Financial Group Inc. raised its holdings in Upstart by 18.1% in the first quarter. Principal Financial Group Inc. now owns 9,983 shares of the company’s stock worth $268,000 after buying an additional 1,533 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of Upstart by 13.6% during the 1st quarter. Private Advisor Group LLC now owns 17,936 shares of the company’s stock valued at $482,000 after buying an additional 2,149 shares in the last quarter. Manchester Capital Management LLC grew its position in shares of Upstart by 5.5% during the first quarter. Manchester Capital Management LLC now owns 37,325 shares of the company’s stock worth $1,004,000 after purchasing an additional 1,932 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Upstart during the first quarter worth $658,000. Finally, Swiss National Bank grew its position in shares of Upstart by 1.6% during the first quarter. Swiss National Bank now owns 142,700 shares of the company’s stock valued at $3,837,000 after purchasing an additional 2,200 shares in the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Upstart

In other Upstart news, insider Natalia Mirgorodskaya sold 1,264 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $38.36, for a total value of $48,487.04. Following the sale, the insider now directly owns 24,557 shares of the company’s stock, valued at $942,006.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Upstart news, insider Natalia Mirgorodskaya sold 1,264 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $38.36, for a total transaction of $48,487.04. Following the sale, the insider now owns 24,557 shares in the company, valued at approximately $942,006.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Paul Gu sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $40.01, for a total transaction of $400,100.00. Following the completion of the transaction, the chief technology officer now owns 894,629 shares in the company, valued at approximately $35,794,106.29. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 313,959 shares of company stock worth $13,745,155 over the last quarter. 18.06% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on UPST shares. JPMorgan Chase & Co. boosted their target price on Upstart from $27.00 to $30.00 and gave the company an “underweight” rating in a research report on Tuesday, August 20th. Mizuho lifted their target price on Upstart from $33.00 to $48.00 and gave the company an “outperform” rating in a research report on Friday, September 20th. Piper Sandler boosted their price target on shares of Upstart from $28.00 to $31.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Wedbush upgraded Upstart from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $10.00 to $45.00 in a research note on Monday, October 14th. Finally, Barclays boosted their target price on Upstart from $25.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Monday, August 12th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $31.50.

Upstart Stock Performance

NASDAQ:UPST opened at $51.13 on Thursday. The stock has a fifty day moving average price of $42.80 and a two-hundred day moving average price of $31.87. The stock has a market capitalization of $4.58 billion, a price-to-earnings ratio of -21.85 and a beta of 2.01. Upstart Holdings, Inc. has a 1 year low of $19.84 and a 1 year high of $57.40.

Upstart (NASDAQ:UPST) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.22. The company had revenue of $127.63 million during the quarter, compared to analysts’ expectations of $124.55 million. Upstart had a negative net margin of 38.05% and a negative return on equity of 32.01%. The business’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.34) EPS. On average, analysts predict that Upstart Holdings, Inc. will post -2.39 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.