Janus Henderson Group PLC Sells 6,174 Shares of Upstart Holdings, Inc. (NASDAQ:UPST)

Janus Henderson Group PLC decreased its position in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 19.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,053 shares of the company’s stock after selling 6,174 shares during the quarter. Janus Henderson Group PLC’s holdings in Upstart were worth $1,042,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of UPST. Anfield Capital Management LLC bought a new position in shares of Upstart during the second quarter worth $33,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Upstart in the third quarter valued at approximately $35,000. BNP Paribas bought a new stake in shares of Upstart during the third quarter worth $37,000. Blue Trust Inc. increased its holdings in Upstart by 125.3% during the 3rd quarter. Blue Trust Inc. now owns 989 shares of the company’s stock worth $40,000 after purchasing an additional 550 shares in the last quarter. Finally, Hollencrest Capital Management acquired a new stake in Upstart in the 3rd quarter valued at approximately $40,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Insider Buying and Selling

In other Upstart news, CFO Sanjay Datta sold 1,500 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $79.54, for a total value of $119,310.00. Following the transaction, the chief financial officer now directly owns 331,093 shares in the company, valued at $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 is available at this hyperlink. Also, CTO Paul Gu sold 87,600 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $69.39, for a total transaction of $6,078,564.00. Following the sale, the chief technology officer now owns 863,065 shares of the company’s stock, valued at approximately $59,888,080.35. This represents a 9.21 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 534,868 shares of company stock valued at $32,864,764. 18.06% of the stock is owned by insiders.

Upstart Stock Up 9.6 %

NASDAQ:UPST opened at $84.46 on Friday. Upstart Holdings, Inc. has a 12-month low of $20.60 and a 12-month high of $88.95. The firm has a market capitalization of $7.71 billion, a price-to-earnings ratio of -43.76 and a beta of 2.19. The stock’s 50 day moving average price is $62.68 and its two-hundred day moving average price is $42.03.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on UPST. Piper Sandler raised shares of Upstart from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $31.00 to $85.00 in a research report on Friday, November 8th. Needham & Company LLC raised shares of Upstart from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a research report on Friday. BTIG Research upgraded Upstart from a “sell” rating to a “neutral” rating in a report on Monday, November 11th. Citigroup upgraded 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 report on Friday, November 8th. Finally, Wedbush raised their price target on Upstart from $60.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Upstart currently has a consensus rating of “Hold” and an average target price of $61.80.

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.