Landscape Capital Management L.L.C. Buys 4,613 Shares of Upstart Holdings, Inc. (NASDAQ:UPST)

Landscape Capital Management L.L.C. boosted its position in Upstart Holdings, Inc. (NASDAQ:UPST) by 26.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 21,775 shares of the company’s stock after acquiring an additional 4,613 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Upstart were worth $1,341,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in UPST. ExodusPoint Capital Management LP bought a new stake in shares of Upstart during the fourth quarter valued at approximately $4,063,000. Trexquant Investment LP grew its position in Upstart by 43.3% in the 4th quarter. Trexquant Investment LP now owns 596,389 shares of the company’s stock valued at $36,720,000 after purchasing an additional 180,204 shares during the period. Geode Capital Management LLC increased its position in shares of Upstart by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 1,846,438 shares of the company’s stock worth $113,711,000 after acquiring an additional 29,664 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in shares of Upstart in the 4th quarter worth about $321,000. Finally, Pictet Asset Management Holding SA lifted its position in Upstart by 20.4% in the 4th quarter. Pictet Asset Management Holding SA now owns 10,326 shares of the company’s stock valued at $636,000 after acquiring an additional 1,749 shares in the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Dave Girouard sold 4,524 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $79.01, for a total transaction of $357,441.24. Following the sale, the chief executive officer now directly owns 52,614 shares in the company, valued at $4,157,032.14. This represents a 7.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Sanjay Datta sold 16,070 shares of the firm’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 transaction of $1,269,851.40. Following the completion of the transaction, the chief financial officer now owns 295,537 shares of the company’s stock, valued at $23,353,333.74. This trade represents a 5.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 75,062 shares of company stock valued at $5,247,182 over the last quarter. Company insiders own 18.06% of the company’s stock.

Upstart Trading Down 10.1 %

Shares of NASDAQ UPST opened at $34.80 on Friday. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of -23.84 and a beta of 2.39. The stock has a fifty day simple moving average of $60.87 and a two-hundred day simple moving average of $60.37. Upstart Holdings, Inc. has a 1-year low of $20.60 and a 1-year high of $96.43.

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

Wall Street Analyst Weigh In

UPST has been the subject of several analyst reports. Morgan Stanley raised Upstart from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $12.00 to $70.00 in a research note on Friday, February 14th. B. Riley upgraded Upstart from a “neutral” rating to a “buy” rating and raised their price objective for the company from $49.00 to $105.00 in a research note on Wednesday, February 12th. Piper Sandler reaffirmed an “overweight” rating and set a $105.00 price objective (up from $85.00) on shares of Upstart in a report on Wednesday, February 12th. Barclays increased their target price on shares of Upstart from $80.00 to $93.00 and gave the company an “equal weight” rating in a report on Tuesday, February 18th. Finally, The Goldman Sachs Group boosted their price target on shares of Upstart from $13.50 to $15.00 and gave the stock a “sell” rating in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $73.38.

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.