Intellectus Partners LLC Trims Stock Holdings in Upstart Holdings, Inc. (NASDAQ:UPST)

Intellectus Partners LLC trimmed its holdings in Upstart Holdings, Inc. (NASDAQ:UPST) by 8.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 7,050 shares of the company’s stock after selling 650 shares during the quarter. Intellectus Partners LLC’s holdings in Upstart were worth $434,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. US Bancorp DE boosted its holdings in Upstart by 10.2% in the 3rd quarter. US Bancorp DE now owns 9,032 shares of the company’s stock valued at $361,000 after purchasing an additional 835 shares during the period. QRG Capital Management Inc. bought a new position in Upstart in the 3rd quarter valued at $252,000. Hollencrest Capital Management bought a new position in Upstart in the 3rd quarter valued at $40,000. Tyler Stone Wealth Management boosted its holdings in Upstart by 94.1% in the 3rd quarter. Tyler Stone Wealth Management now owns 55,534 shares of the company’s stock valued at $2,222,000 after purchasing an additional 26,917 shares during the period. Finally, State of New Jersey Common Pension Fund D bought a new stake in shares of Upstart during the 3rd quarter worth $1,839,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Upstart

In related news, insider Natalia Mirgorodskaya sold 794 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $79.02, for a total transaction of $62,741.88. Following the transaction, the insider now owns 21,985 shares in the company, valued at $1,737,254.70. The trade was a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Dave Girouard sold 41,667 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $62.60, for a total transaction of $2,608,354.20. Following the transaction, the chief executive officer now owns 57,138 shares in the company, valued at $3,576,838.80. This represents a 42.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 75,062 shares of company stock worth $5,247,182 over the last 90 days. 18.06% of the stock is owned by company insiders.

Upstart Trading Down 3.2 %

UPST stock opened at $53.69 on Friday. The firm’s 50-day moving average price is $66.53 and its two-hundred day moving average price is $59.22. Upstart Holdings, Inc. has a 12-month low of $20.60 and a 12-month high of $96.43. The stock has a market capitalization of $5.03 billion, a price-to-earnings ratio of -36.77 and a beta of 2.25.

Upstart (NASDAQ:UPST) last released its quarterly earnings data on Tuesday, February 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. Upstart had a negative net margin of 20.20% and a negative return on equity of 25.87%. Equities analysts predict that Upstart Holdings, Inc. will post -0.03 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on UPST shares. BTIG Research raised shares of Upstart from a “sell” rating to a “neutral” rating in a report on Monday, November 11th. JPMorgan Chase & Co. upgraded shares of Upstart from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $57.00 to $79.00 in a research report on Wednesday, February 12th. The Goldman Sachs Group lifted their target price on shares of Upstart from $13.50 to $15.00 and gave the stock a “sell” rating in a research report on Wednesday, February 12th. Piper Sandler reiterated an “overweight” rating and issued a $105.00 target price (up previously from $85.00) on shares of Upstart in a research report on Wednesday, February 12th. Finally, Needham & Company LLC lifted their target price on shares of Upstart from $100.00 to $108.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $73.38.

About Upstart

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.