Upstart Holdings, Inc. (NASDAQ:UPST) Shares Purchased by Credit Suisse AG

Credit Suisse AG boosted its holdings in shares of Upstart Holdings, Inc. (NASDAQ:UPST – Get Rating) by 21.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 119,211 shares of the company’s stock after acquiring an additional 20,997 shares during the period. Credit Suisse AG’s holdings in Upstart were worth $2,478,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Quantbot Technologies LP lifted its stake in Upstart by 85.7% in the 3rd quarter. Quantbot Technologies LP now owns 1,300 shares of the company’s stock valued at $27,000 after buying an additional 600 shares in the last quarter. Activest Wealth Management acquired a new position in shares of Upstart in the third quarter worth $28,000. SkyView Investment Advisors LLC purchased a new stake in shares of Upstart in the first quarter valued at $45,000. Money Concepts Capital Corp boosted its stake in shares of Upstart by 3,526.5% during the third quarter. Money Concepts Capital Corp now owns 3,010 shares of the company’s stock valued at $63,000 after acquiring an additional 2,927 shares during the last quarter. Finally, AdvisorNet Financial Inc increased its position in Upstart by 32.6% during the 3rd quarter. AdvisorNet Financial Inc now owns 3,642 shares of the company’s stock worth $76,000 after purchasing an additional 895 shares in the last quarter. Hedge funds and other institutional investors own 37.43% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on UPST shares. Citigroup lowered shares of Upstart from a “neutral” rating to a “sell” rating in a report on Wednesday, February 15th. Loop Capital upgraded shares of Upstart from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Wednesday, February 15th. Barclays cut their price target on Upstart to $17.00 in a report on Tuesday, November 15th. Jefferies Financial Group decreased their price objective on Upstart from $25.00 to $20.00 in a report on Wednesday, November 9th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $16.00 target price on shares of Upstart in a research note on Wednesday, February 15th. Eight investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $31.69.

Insider Buying and Selling

In other Upstart news, CEO Dave Girouard sold 4,048 shares of the firm’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $18.14, for a total value of $73,430.72. Following the transaction, the chief executive officer now directly owns 83,066 shares of the company’s stock, valued at $1,506,817.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Dave Girouard sold 4,048 shares of the stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $18.14, for a total value of $73,430.72. Following the completion of the sale, the chief executive officer now owns 83,066 shares in the company, valued at $1,506,817.24. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Paul Gu sold 9,674 shares of the business’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $18.14, for a total value of $175,486.36. Following the transaction, the chief technology officer now directly owns 730,230 shares in the company, valued at $13,246,372.20. The disclosure for this sale can be found here. In the last three months, insiders sold 60,484 shares of company stock valued at $1,029,700. Company insiders own 18.87% of the company’s stock.

Upstart Price Performance

Upstart stock opened at $18.82 on Friday. The company has a market cap of $1.53 billion, a price-to-earnings ratio of -13.64 and a beta of 1.57. Upstart Holdings, Inc. has a 12 month low of $12.01 and a 12 month high of $151.67. The stock’s 50-day moving average is $17.09 and its 200-day moving average is $20.06.

Upstart (NASDAQ:UPST – Get Rating) last posted its quarterly earnings results on Tuesday, February 14th. The company reported ($0.67) EPS for the quarter, beating the consensus estimate of ($0.98) by $0.31. Upstart had a negative net margin of 12.90% and a negative return on equity of 14.37%. The firm had revenue of $146.91 million for the quarter, compared to analyst estimates of $132.13 million. Research analysts anticipate that Upstart Holdings, Inc. will post -2.86 EPS for the current year.

Upstart Company Profile

(Get Rating)

Upstart Holdings, Inc, together with its subsidiaries, operates a cloud-based artificial intelligence (AI) lending platform in the United States. Its platform aggregates consumer demand for loans and connects it to its network of the company's AI-enabled bank partners. The company was founded in 2012 and is headquartered in San Mateo, California.