Fox Run Management L.L.C. Makes New $319,000 Investment in Upstart Holdings, Inc. (NASDAQ:UPST)

Fox Run Management L.L.C. purchased a new stake in Upstart Holdings, Inc. (NASDAQ:UPST) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 5,176 shares of the company’s stock, valued at approximately $319,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Fred Alger Management LLC lifted its stake in Upstart by 153.2% in the 3rd quarter. Fred Alger Management LLC now owns 1,246,839 shares of the company’s stock valued at $49,886,000 after purchasing an additional 754,416 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in shares of Upstart by 689.5% during 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 in the last quarter. Tidal Investments LLC boosted its holdings in shares of Upstart by 1,413.7% during the 3rd quarter. Tidal Investments LLC now owns 333,463 shares of the company’s stock valued at $13,342,000 after acquiring an additional 311,434 shares in the last quarter. Wealthfront Advisers LLC bought a new stake in Upstart during the 4th quarter worth $14,278,000. Finally, AGF Management Ltd. acquired a new position in Upstart in the 4th quarter worth about $5,734,000. 63.01% of the stock is owned by institutional investors.

Insider Buying and Selling at Upstart

In other Upstart news, CEO Dave Girouard sold 4,524 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $79.01, for a total value of $357,441.24. Following the transaction, the chief executive officer now owns 52,614 shares in the company, valued at approximately $4,157,032.14. This represents a 7.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sanjay Datta sold 16,070 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $79.02, for a total value of $1,269,851.40. Following the sale, the chief financial officer now owns 295,537 shares of the company’s stock, valued at approximately $23,353,333.74. This represents a 5.16 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 75,062 shares of company stock valued at $5,247,182. Corporate insiders own 18.06% of the company’s stock.

Upstart Price Performance

NASDAQ UPST opened at $52.87 on Thursday. The stock has a market capitalization of $4.95 billion, a P/E ratio of -36.21 and a beta of 2.25. The business has a 50 day simple moving average of $63.81 and a 200 day simple moving average of $60.12. Upstart Holdings, Inc. has a one year low of $20.60 and a one year high of $96.43.

Upstart (NASDAQ:UPST) last announced its quarterly earnings data on Tuesday, February 11th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.02. Upstart had a negative net margin of 20.20% and a negative return on equity of 25.87%. Equities analysts expect that Upstart Holdings, Inc. will post -0.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on UPST. Morgan Stanley upgraded Upstart from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $12.00 to $70.00 in a report on Friday, February 14th. Bank of America upped their price target on shares of Upstart from $33.00 to $39.00 and gave the company an “underperform” rating in a research report on Wednesday, February 12th. Barclays lifted their price target on shares of Upstart from $80.00 to $93.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 18th. Needham & Company LLC increased their price objective on Upstart from $100.00 to $108.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Finally, Redburn Atlantic raised Upstart from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $37.00 to $95.00 in a report on Tuesday, December 3rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $73.38.

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.