Intellectus Partners LLC Has $434,000 Stake in Upstart Holdings, Inc. (NASDAQ:UPST)

Intellectus Partners LLC trimmed its stake in Upstart Holdings, Inc. (NASDAQ:UPST) by 8.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,050 shares of the company’s stock after selling 650 shares during the period. Intellectus Partners LLC’s holdings in Upstart were worth $434,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC boosted its position in Upstart by 1.6% during the third quarter. Geode Capital Management LLC now owns 1,816,774 shares of the company’s stock valued at $72,702,000 after acquiring an additional 29,482 shares during the last quarter. Fred Alger Management LLC boosted its position in Upstart by 153.2% during the third quarter. Fred Alger Management LLC now owns 1,246,839 shares of the company’s stock valued at $49,886,000 after acquiring an additional 754,416 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in Upstart by 63.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 725,582 shares of the company’s stock valued at $29,031,000 after acquiring an additional 282,481 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Upstart by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 657,118 shares of the company’s stock valued at $40,459,000 after acquiring an additional 14,242 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its position in shares of Upstart by 689.5% during the 3rd quarter. Two Sigma Advisers LP now owns 589,000 shares of the company’s stock worth $23,566,000 after purchasing an additional 514,400 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Upstart Stock Performance

NASDAQ:UPST opened at $53.69 on Friday. The firm has a market cap of $5.03 billion, a price-to-earnings ratio of -36.77 and a beta of 2.25. Upstart Holdings, Inc. has a 52 week low of $20.60 and a 52 week high of $96.43. The firm has a 50-day moving average price of $66.53 and a two-hundred day moving average price of $59.22.

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

Insider Buying and Selling at Upstart

In other news, CFO Sanjay Datta sold 16,070 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $79.02, for a total transaction of $1,269,851.40. Following the completion of the sale, the chief financial officer now owns 295,537 shares in the company, valued at $23,353,333.74. This trade represents a 5.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Dave Girouard sold 41,667 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $62.60, for a total transaction of $2,608,354.20. Following the sale, the chief executive officer now owns 57,138 shares of the company’s stock, valued at approximately $3,576,838.80. The trade was a 42.17 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 75,062 shares of company stock worth $5,247,182. Insiders own 18.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on UPST shares. Needham & Company LLC increased their price objective 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. BTIG Research raised shares of Upstart from a “sell” rating to a “neutral” rating in a research report on Monday, November 11th. Redburn Atlantic raised shares of Upstart from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $37.00 to $95.00 in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. raised shares of Upstart from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $57.00 to $79.00 in a research report on Wednesday, February 12th. Finally, Morgan Stanley raised shares of Upstart from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $12.00 to $70.00 in a research report on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $73.38.

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.