Pathstone Holdings LLC Purchases 1,119 Shares of Upstart Holdings, Inc. (NASDAQ:UPST)

Pathstone Holdings LLC increased its position in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 0.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 396,408 shares of the company’s stock after buying an additional 1,119 shares during the quarter. Pathstone Holdings LLC owned 0.44% of Upstart worth $15,860,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. ProShare Advisors LLC raised its holdings in shares of Upstart by 10.1% in the first quarter. ProShare Advisors LLC now owns 13,342 shares of the company’s stock valued at $359,000 after purchasing an additional 1,219 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in Upstart by 288.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 79,922 shares of the company’s stock valued at $2,149,000 after buying an additional 59,346 shares during the last quarter. Vanguard Group Inc. lifted its position in Upstart by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 7,128,975 shares of the company’s stock worth $191,698,000 after buying an additional 115,057 shares in the last quarter. Magnetar Financial LLC boosted its stake in shares of Upstart by 1,106.7% during the 1st quarter. Magnetar Financial LLC now owns 97,281 shares of the company’s stock worth $2,616,000 after buying an additional 89,219 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Upstart by 7.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 42,350 shares of the company’s stock valued at $1,139,000 after acquiring an additional 2,770 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Insider Buying and Selling at Upstart

In other news, CEO Dave Girouard sold 41,667 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $65.15, for a total value of $2,714,605.05. Following the completion of the sale, the chief executive officer now owns 61,512 shares of the company’s stock, valued at approximately $4,007,506.80. The trade was a 40.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Sanjay Datta sold 1,500 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $79.54, for a total transaction of $119,310.00. Following the transaction, the chief financial officer now directly owns 331,093 shares in the company, valued at approximately $26,335,137.22. This represents a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 406,604 shares of company stock valued at $21,397,881 in the last ninety days. 18.06% of the stock is currently owned by corporate insiders.

Upstart Stock Up 4.2 %

Shares of NASDAQ:UPST opened at $71.11 on Wednesday. The stock has a market cap of $6.49 billion, a PE ratio of -36.84 and a beta of 1.97. The business has a 50 day moving average of $49.26 and a 200-day moving average of $35.86. Upstart Holdings, Inc. has a 12-month low of $20.60 and a 12-month high of $86.07.

Analyst Ratings Changes

UPST has been the subject of several recent research reports. Barclays increased their price target on Upstart from $25.00 to $35.00 and gave the company an “equal weight” rating in a research report on Monday, August 12th. BTIG Research raised shares of Upstart from a “sell” rating to a “neutral” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. upgraded shares of Upstart from an “underweight” rating to a “neutral” rating and increased their price target for the company from $30.00 to $45.00 in a research note on Friday, November 8th. Wedbush boosted their price objective on shares of Upstart from $45.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Upstart in a research note on Thursday, August 8th. One research 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 presently 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.