Entropy Technologies LP Takes Position in Upstart Holdings, Inc. (NASDAQ:UPST)

Entropy Technologies LP bought a new position in shares of Upstart Holdings, Inc. (NASDAQ:UPST) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 27,774 shares of the company’s stock, valued at approximately $1,111,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of UPST. Blue Trust Inc. lifted its holdings in shares of Upstart by 125.3% in the 3rd quarter. Blue Trust Inc. now owns 989 shares of the company’s stock worth $40,000 after buying an additional 550 shares during the period. Hollencrest Capital Management bought a new position in Upstart during the 3rd quarter worth about $40,000. Indiana Trust & Investment Management Co purchased a new position in Upstart during the 3rd quarter valued at about $43,000. Anfield Capital Management LLC bought a new stake in shares of Upstart in the 2nd quarter valued at about $33,000. Finally, Castleview Partners LLC lifted its position in shares of Upstart by 21,610.0% in the 3rd quarter. Castleview Partners LLC now owns 2,171 shares of the company’s stock worth $87,000 after purchasing an additional 2,161 shares during the period. Institutional investors own 63.01% of the company’s stock.

Upstart Stock Performance

Shares of Upstart stock opened at $67.80 on Thursday. Upstart Holdings, Inc. has a 12-month low of $20.60 and a 12-month high of $86.07. The firm’s 50 day simple moving average is $45.91 and its two-hundred day simple moving average is $34.26.

Analyst Upgrades and Downgrades

UPST has been the subject of a number of recent research reports. BTIG Research raised shares of Upstart from a “sell” rating to a “neutral” rating in a research note on Monday. Wedbush boosted their price target on Upstart from $45.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of Upstart in a research report on Thursday, August 8th. Mizuho boosted their target price on shares of Upstart from $33.00 to $48.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. Finally, Citigroup upgraded shares of Upstart from a “neutral” rating to a “buy” rating and raised their price target for the company from $56.00 to $87.00 in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Upstart has a consensus rating of “Hold” and a consensus price target of $46.83.

Insider Activity at Upstart

In related news, CFO Sanjay Datta sold 1,500 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $79.54, for a total transaction of $119,310.00. Following the completion of the transaction, the chief financial officer now owns 331,093 shares of the company’s stock, valued at $26,335,137.22. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO Sanjay Datta sold 1,500 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $79.54, for a total value of $119,310.00. Following the completion of the transaction, the chief financial officer now directly owns 331,093 shares in the company, valued at $26,335,137.22. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Dave Girouard sold 3,361 shares of Upstart stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $38.35, for a total value of $128,894.35. Following the completion of the transaction, the chief executive officer now owns 61,512 shares of the company’s stock, valued at approximately $2,358,985.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 356,126 shares of company stock valued at $16,558,090 in the last ninety days. Company insiders own 18.06% of the company’s stock.

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.