BNP Paribas Invests $37,000 in Upstart Holdings, Inc. (NASDAQ:UPST)

BNP Paribas acquired a new position in Upstart Holdings, Inc. (NASDAQ:UPST) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 900 shares of the company’s stock, valued at approximately $37,000.

Several other institutional investors and hedge funds have also recently modified their holdings of UPST. Anfield Capital Management LLC bought a new position in shares of Upstart in the second quarter valued at approximately $33,000. Blue Trust Inc. grew its holdings in shares of Upstart by 125.3% in the third quarter. Blue Trust Inc. now owns 989 shares of the company’s stock valued at $40,000 after acquiring an additional 550 shares in the last quarter. Hollencrest Capital Management bought a new position in shares of Upstart in the third quarter valued at approximately $40,000. Indiana Trust & Investment Management Co bought a new position in shares of Upstart in the third quarter valued at approximately $43,000. Finally, Prospera Private Wealth LLC bought a new position in shares of Upstart in the third quarter valued at approximately $47,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Sanjay Datta sold 1,500 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $41.77, for a total value of $62,655.00. Following the sale, the chief financial officer now owns 346,093 shares in the company, valued at approximately $14,456,304.61. This trade represents a 0.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Scott Darling sold 1,300 shares of the firm’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $40.01, for a total value of $52,013.00. Following the sale, the insider now owns 161,043 shares in the company, valued at $6,443,330.43. The trade was a 0.80 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 502,939 shares of company stock worth $28,887,725. Corporate insiders own 18.06% of the company’s stock.

Upstart Stock Down 0.1 %

Upstart stock opened at $78.43 on Friday. Upstart Holdings, Inc. has a one year low of $20.60 and a one year high of $86.07. The business has a fifty day moving average price of $53.91 and a 200-day moving average price of $37.90.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on UPST. JPMorgan Chase & Co. raised Upstart from an “underweight” rating to a “neutral” rating and upped their target price for the company from $30.00 to $45.00 in a report on Friday, November 8th. BTIG Research raised Upstart from a “sell” rating to a “neutral” rating in a report on Monday, November 11th. Piper Sandler raised Upstart from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $31.00 to $85.00 in a report on Friday, November 8th. Citigroup raised Upstart from a “neutral” rating to a “buy” rating and increased their price objective for the company from $56.00 to $87.00 in a report on Friday, November 8th. Finally, Wedbush increased their price objective on Upstart from $45.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Upstart currently has an average rating of “Hold” and an average target price of $46.83.

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.