Upstart Holdings, Inc. (NASDAQ:UPST) Shares Sold by Westside Investment Management Inc.

Westside Investment Management Inc. trimmed its position in Upstart Holdings, Inc. (NASDAQ:UPST) by 9.9% during the third quarter, Holdings Channel.com reports. The firm owned 3,650 shares of the company’s stock after selling 400 shares during the period. Westside Investment Management Inc.’s holdings in Upstart were worth $146,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fred Alger Management LLC lifted its stake in shares of 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 buying an additional 754,416 shares during the period. Two Sigma Advisers LP raised its holdings in Upstart by 689.5% in the 3rd quarter. Two Sigma Advisers LP now owns 589,000 shares of the company’s stock valued at $23,566,000 after acquiring an additional 514,400 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Upstart by 63.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 725,582 shares of the company’s stock worth $29,031,000 after purchasing an additional 282,481 shares during the period. Millennium Management LLC boosted its holdings in shares of Upstart by 1,792.9% during the second quarter. Millennium Management LLC now owns 262,396 shares of the company’s stock worth $6,190,000 after purchasing an additional 277,896 shares during the last quarter. Finally, International Assets Investment Management LLC grew its position in shares of Upstart by 4,087.8% in the third quarter. International Assets Investment Management LLC now owns 233,258 shares of the company’s stock valued at $9,333,000 after purchasing an additional 227,688 shares during the period. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Upstart

In related news, insider Scott Darling sold 6,200 shares of Upstart stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $39.67, for a total value of $245,954.00. Following the completion of the transaction, the insider now directly owns 161,043 shares in the company, valued at approximately $6,388,575.81. This trade represents a 3.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kerry Whorton Cooper sold 500 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $74.59, for a total value of $37,295.00. Following the sale, the director now owns 17,961 shares in the company, valued at $1,339,710.99. The trade was a 2.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 534,868 shares of company stock worth $32,864,764 in the last 90 days. 18.06% of the stock is owned by corporate insiders.

Upstart Price Performance

NASDAQ:UPST opened at $77.08 on Friday. Upstart Holdings, Inc. has a 1-year low of $20.60 and a 1-year high of $86.07. The firm has a 50-day moving average of $61.82 and a two-hundred day moving average of $41.61.

Analyst Ratings Changes

A number of brokerages have issued reports on UPST. Redburn Atlantic raised Upstart from a “neutral” rating to a “buy” rating and raised their price target for the stock from $37.00 to $95.00 in a research note on Tuesday, December 3rd. JPMorgan Chase & Co. cut shares of Upstart from a “neutral” rating to an “underweight” rating and raised their target price for the stock from $45.00 to $57.00 in a research report on Monday, December 2nd. Citigroup raised shares of Upstart from a “neutral” rating to a “buy” rating and upped their price target for the stock from $56.00 to $87.00 in a research report on Friday, November 8th. BTIG Research upgraded shares of Upstart from a “sell” rating to a “neutral” rating in a report on Monday, November 11th. Finally, Mizuho upped their price objective on Upstart from $33.00 to $48.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $57.56.

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.