Headlands Technologies LLC Makes New $212,000 Investment in Upstart Holdings, Inc. (NASDAQ:UPST)

Headlands Technologies LLC purchased a new position in Upstart Holdings, Inc. (NASDAQ:UPST) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 5,179 shares of the company’s stock, valued at approximately $212,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of UPST. GAMMA Investing LLC purchased a new stake in shares of Upstart in the fourth quarter worth about $25,000. CWM LLC lifted its holdings in shares of Upstart by 56.5% in the third quarter. CWM LLC now owns 1,169 shares of the company’s stock worth $33,000 after buying an additional 422 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of Upstart in the third quarter worth about $51,000. Strs Ohio purchased a new stake in shares of Upstart in the fourth quarter worth about $57,000. Finally, Compagnie Lombard Odier SCmA lifted its holdings in shares of Upstart by 33.3% in the third quarter. Compagnie Lombard Odier SCmA now owns 2,200 shares of the company’s stock worth $63,000 after buying an additional 550 shares in the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on UPST shares. Mizuho raised their target price on shares of Upstart from $19.00 to $23.00 and gave the company an “underperform” rating in a research note on Thursday, January 18th. Bank of America started coverage on shares of Upstart in a research note on Thursday, April 4th. They issued an “underperform” rating and a $22.00 target price on the stock. JMP Securities reaffirmed a “market perform” rating on shares of Upstart in a research note on Wednesday, April 17th. JPMorgan Chase & Co. lowered their target price on shares of Upstart from $26.00 to $24.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 14th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $28.00 target price on shares of Upstart in a research note on Tuesday, March 19th. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $26.00.

Insider Transactions at Upstart

In other news, insider Natalia Mirgorodskaya sold 1,919 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $24.30, for a total value of $46,631.70. Following the transaction, the insider now owns 28,246 shares in the company, valued at $686,377.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CTO Paul Gu sold 60,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $26.31, for a total value of $1,578,600.00. Following the transaction, the chief technology officer now owns 893,596 shares in the company, valued at $23,510,510.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Natalia Mirgorodskaya sold 1,919 shares of Upstart stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $24.30, for a total transaction of $46,631.70. Following the completion of the sale, the insider now owns 28,246 shares in the company, valued at approximately $686,377.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,419 shares of company stock worth $1,750,272. Insiders own 18.06% of the company’s stock.

Upstart Trading Up 2.8 %

Shares of NASDAQ UPST opened at $23.46 on Monday. Upstart Holdings, Inc. has a one year low of $11.93 and a one year high of $72.58. The firm’s 50 day simple moving average is $24.95 and its two-hundred day simple moving average is $29.38.

Upstart (NASDAQ:UPST) last issued its quarterly earnings results on Tuesday, February 13th. The company reported ($0.51) EPS for the quarter, beating analysts’ consensus estimates of ($0.56) by $0.05. Upstart had a negative net margin of 46.76% and a negative return on equity of 35.47%. The business had revenue of $140.31 million for the quarter, compared to analysts’ expectations of $135.28 million. On average, equities analysts anticipate that Upstart Holdings, Inc. will post -2.19 EPS for the current fiscal year.

Upstart 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.