17,162 Shares in Upstart Holdings, Inc. (NASDAQ:UPST) Bought by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. bought a new stake in Upstart Holdings, Inc. (NASDAQ:UPST) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 17,162 shares of the company’s stock, valued at approximately $687,000.

Other institutional investors have also modified their holdings of the company. Atomi Financial Group Inc. increased its stake in Upstart by 0.7% during the 2nd quarter. Atomi Financial Group Inc. now owns 59,009 shares of the company’s stock worth $1,392,000 after buying an additional 406 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Upstart by 18.2% in the second quarter. Daiwa Securities Group Inc. now owns 2,657 shares of the company’s stock worth $63,000 after acquiring an additional 409 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Upstart by 4.2% during the second quarter. Principal Financial Group Inc. now owns 10,405 shares of the company’s stock worth $245,000 after purchasing an additional 422 shares in the last quarter. Inspire Advisors LLC raised its stake in Upstart by 3.0% in the 2nd quarter. Inspire Advisors LLC now owns 16,623 shares of the company’s stock valued at $392,000 after purchasing an additional 480 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in Upstart by 125.3% in the 3rd quarter. Blue Trust Inc. now owns 989 shares of the company’s stock valued at $40,000 after purchasing an additional 550 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Wall Street Analysts Forecast Growth

UPST has been the subject of a number of research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Upstart in a report on Thursday, August 8th. Wedbush upped their price objective on shares of Upstart from $45.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Mizuho raised their target price on shares of Upstart from $33.00 to $48.00 and gave the stock an “outperform” rating in a research note on Friday, September 20th. Piper Sandler upgraded Upstart from a “neutral” rating to an “overweight” rating and upped their price target for the company from $31.00 to $85.00 in a research report on Friday, November 8th. Finally, Barclays lifted their price objective on Upstart from $25.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Upstart presently has a consensus rating of “Hold” and a consensus price target of $46.83.

Insiders Place Their Bets

In other news, CEO Dave Girouard sold 41,667 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $65.15, for a total transaction of $2,714,605.05. Following the completion of the transaction, the chief executive officer now directly owns 61,512 shares in the company, valued at $4,007,506.80. This trade represents a 40.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Sanjay Datta sold 1,500 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $34.42, for a total value of $51,630.00. Following the transaction, the chief financial officer now owns 343,093 shares of the company’s stock, valued at $11,809,261.06. This trade represents a 0.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 451,742 shares of company stock valued at $24,719,949 over the last 90 days. 18.06% of the stock is owned by company insiders.

Upstart Trading Up 3.7 %

NASDAQ UPST opened at $74.06 on Friday. The stock has a fifty day simple moving average of $51.40 and a 200-day simple moving average of $36.77. The stock has a market cap of $6.76 billion, a PE ratio of -38.37 and a beta of 1.97. Upstart Holdings, Inc. has a twelve month low of $20.60 and a twelve month high of $86.07.

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.