Creative Planning Has $617,000 Stock Holdings in Upstart Holdings, Inc. (NASDAQ:UPST)

Creative Planning lowered its stake in Upstart Holdings, Inc. (NASDAQ:UPST) by 5.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,169 shares of the company’s stock after selling 1,482 shares during the quarter. Creative Planning’s holdings in Upstart were worth $617,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Anfield Capital Management LLC acquired a new stake in shares of Upstart during the second quarter worth $33,000. Benjamin F. Edwards & Company Inc. raised its stake in Upstart by 80.6% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,743 shares of the company’s stock worth $47,000 after purchasing an additional 778 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Upstart by 259.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,204 shares of the company’s stock valued at $52,000 after purchasing an additional 1,590 shares during the period. Comerica Bank grew its position in shares of Upstart by 144.0% during the 1st quarter. Comerica Bank now owns 2,313 shares of the company’s stock worth $62,000 after purchasing an additional 1,365 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Upstart by 18.2% during the second quarter. Daiwa Securities Group Inc. now owns 2,657 shares of the company’s stock worth $63,000 after purchasing an additional 409 shares during the period. 63.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on UPST. Mizuho increased their price target on Upstart from $33.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. Needham & Company LLC reissued a “hold” rating on shares of Upstart in a report on Thursday, August 8th. Citigroup raised shares of Upstart from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $15.00 to $33.00 in a research report on Wednesday, August 7th. Wedbush reiterated an “underperform” rating and set a $10.00 price objective on shares of Upstart in a research note on Wednesday, August 7th. Finally, Piper Sandler boosted their target price on shares of Upstart from $28.00 to $31.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $27.61.

Insider Activity

In related news, CFO Sanjay Datta sold 1,500 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $41.29, for a total value of $61,935.00. Following the completion of the sale, the chief financial officer now directly owns 338,593 shares in the company, valued at $13,980,504.97. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Dave Girouard sold 3,361 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $38.35, for a total value of $128,894.35. Following the transaction, the chief executive officer now directly owns 61,512 shares of the company’s stock, valued at $2,358,985.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Sanjay Datta sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $41.29, for a total value of $61,935.00. Following the completion of the transaction, the chief financial officer now directly owns 338,593 shares in the company, valued at approximately $13,980,504.97. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 187,459 shares of company stock valued at $7,461,450. Insiders own 18.06% of the company’s stock.

Upstart Stock Performance

Shares of UPST opened at $47.02 on Monday. Upstart Holdings, Inc. has a 52 week low of $19.84 and a 52 week high of $49.62. The stock has a market capitalization of $4.21 billion, a price-to-earnings ratio of -20.09 and a beta of 2.01. The stock has a fifty day moving average of $38.33 and a 200-day moving average of $29.49.

Upstart (NASDAQ:UPST) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.17) EPS for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.22. Upstart had a negative return on equity of 32.01% and a negative net margin of 38.05%. The firm had revenue of $127.63 million for the quarter, compared to analyst estimates of $124.55 million. During the same period last year, the firm posted ($0.34) earnings per share. The business’s revenue for the quarter was down 6.0% on a year-over-year basis. As a group, equities analysts forecast 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.