Upstart Holdings, Inc. (NASDAQ:UPST) Shares Acquired by Castleview Partners LLC

Castleview Partners LLC raised its stake in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 21,610.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,171 shares of the company’s stock after buying an additional 2,161 shares during the period. Castleview Partners LLC’s holdings in Upstart were worth $87,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UPST. Anfield Capital Management LLC acquired a new position in shares of Upstart during the second quarter valued at approximately $33,000. Blue Trust Inc. increased its position in shares of Upstart by 125.3% during the 3rd quarter. Blue Trust Inc. now owns 989 shares of the company’s stock valued at $40,000 after purchasing an additional 550 shares during the period. Indiana Trust & Investment Management Co bought a new stake in shares of Upstart in the 3rd quarter worth $43,000. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Upstart by 80.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,743 shares of the company’s stock valued at $47,000 after buying an additional 778 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Upstart by 259.0% during the second quarter. GAMMA Investing LLC now owns 2,204 shares of the company’s stock valued at $52,000 after buying an additional 1,590 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Barclays boosted their price target on shares of Upstart from $25.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. Citigroup raised shares of Upstart from a “sell” rating to a “neutral” rating and increased their target price for the company from $15.00 to $33.00 in a research note on Wednesday, August 7th. Wedbush upgraded shares of Upstart from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $10.00 to $45.00 in a research report on Monday, October 14th. Needham & Company LLC reiterated a “hold” rating on shares of Upstart in a research report on Thursday, August 8th. Finally, JPMorgan Chase & Co. boosted their target price on Upstart from $27.00 to $30.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 20th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Upstart presently has an average rating of “Hold” and a consensus price target of $31.50.

Insider Buying and Selling at Upstart

In other news, insider Natalia Mirgorodskaya sold 1,264 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $38.36, for a total transaction of $48,487.04. Following the transaction, the insider now directly owns 24,557 shares in the company, valued at $942,006.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Upstart news, CEO Dave Girouard sold 3,361 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $38.35, for a total transaction of $128,894.35. Following the transaction, the chief executive officer now directly owns 61,512 shares in the company, valued at $2,358,985.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Natalia Mirgorodskaya sold 1,264 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 24,557 shares of the company’s stock, valued at approximately $942,006.52. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 311,959 shares of company stock worth $13,613,200. 18.06% of the stock is currently owned by company insiders.

Upstart Stock Down 1.1 %

Shares of Upstart stock opened at $52.54 on Tuesday. The business has a fifty day simple moving average of $41.00 and a 200-day simple moving average of $30.63. The stock has a market cap of $4.70 billion, a PE ratio of -22.45 and a beta of 2.01. Upstart Holdings, Inc. has a 12 month low of $19.84 and a 12 month high of $57.40.

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