1 week Ago By Defense World Staff
American Century Companies Inc. bought a new position in shares of Upstart Holdings, Inc. (NASDAQ:UPST – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).
The fund bought 7,950 shares of the company’s stock, valued at approximately $489,000. Other institutional investors and hedge funds also recently bought and sold shares of the company. Rakuten Securities Inc.
purchased a new position in shares of Upstart during the 4th quarter worth $31,000. Farther Finance Advisors LLC lifted its position in Upstart by 24.2% in the fourth quarter.
Farther Finance Advisors LLC now owns 882 shares of the company’s stock valued at $54,000 after buying an additional 172 shares during the last quarter. GAMMA Investing LLC boosted its stake in Upstart by 19.9% during the fourth quarter.
GAMMA Investing LLC now owns 1,348 shares of the company’s stock worth $83,000 after buying an additional 224 shares during the period. Blue Trust Inc. increased its position in shares of Upstart by 49.
1% during the fourth quarter. Blue Trust Inc. now owns 1,475 shares of the company’s stock valued at $91,000 after acquiring an additional 486 shares during the last quarter.
Finally, R Squared Ltd purchased a new stake in shares of Upstart in the 4th quarter valued at approximately $96,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.
Insider ActivityIn other Upstart news, insider Natalia Mirgorodskaya sold 794 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $79.02, for a total value of $62,741.
88. Following the completion of the sale, the insider now owns 21,985 shares in the company, valued at approximately $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 can be accessed through this hyperlink.
Also, CEO Dave Girouard sold 41,667 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $62.60, for a total value of $2,608,354.
20. Following the completion of the sale, the chief executive officer now directly owns 57,138 shares of the company’s stock, valued at $3,576,838.80.
The trade was a 42.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here.
In the last quarter, insiders sold 75,062 shares of company stock worth $5,247,182. Corporate insiders own 18.06% of the company’s stock.
Analyst Upgrades and DowngradesUPST has been the subject of a number of research analyst reports. Barclays increased their price objective on shares of Upstart from $80.00 to $93.
00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 18th. Bank of America lifted their price objective on Upstart from $33.00 to $39.
00 and gave the company an “underperform” rating in a research note on Wednesday, February 12th. B. Riley raised Upstart from a “neutral” rating to a “buy” rating and increased their target price for the stock from $49.
00 to $105.00 in a research note on Wednesday, February 12th. Citigroup lifted their target price on Upstart from $87.
00 to $108.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Finally, Morgan Stanley raised shares of Upstart from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $12.
00 to $70.00 in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company.
According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $73.38.
Check Out Our Latest Report on UPSTUpstart Trading Up 1.1 %Shares of UPST stock opened at $38.99 on Friday.
Upstart Holdings, Inc. has a 12 month low of $20.60 and a 12 month high of $96.
43. The company has a market cap of $3.65 billion, a P/E ratio of -26.
71 and a beta of 2.39. The firm has a fifty day moving average price of $57.
21 and a 200 day moving average price of $60.38. Upstart (NASDAQ:UPST – Get Free Report) last issued its earnings results on Tuesday, February 11th.
The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.
02. Upstart had a negative return on equity of 25.87% and a negative net margin of 20.
20%. On average, equities analysts forecast that Upstart Holdings, Inc. will post -0.
03 EPS for the current year. Upstart Company Profile (Free Report)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.
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