Apollon Wealth Management LLC Purchases 1,547 Shares of Upstart Holdings, Inc. (NASDAQ:UPST)

Apollon Wealth Management LLC raised its position in Upstart Holdings, Inc. (NASDAQ:UPST) by 10.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,978 shares of the company’s stock after acquiring an additional 1,547 shares during the quarter. Apollon Wealth Management LLC’s holdings in Upstart were worth $1,045,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Los Angeles Capital Management LLC bought a new position in Upstart in the third quarter valued at about $334,000. Tyler Stone Wealth Management increased its position in Upstart by 94.1% in the third quarter. Tyler Stone Wealth Management now owns 55,534 shares of the company’s stock worth $2,222,000 after buying an additional 26,917 shares in the last quarter. Intech Investment Management LLC purchased a new stake in Upstart in the third quarter worth about $939,000. Quadrature Capital Ltd purchased a new stake in Upstart in the third quarter worth about $676,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in Upstart by 63.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 725,582 shares of the company’s stock worth $29,031,000 after buying an additional 282,481 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Analyst Ratings Changes

UPST has been the subject of a number of analyst reports. Needham & Company LLC upgraded Upstart from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a research report on Friday, December 13th. Piper Sandler upgraded Upstart from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $31.00 to $85.00 in a research report on Friday, November 8th. JPMorgan Chase & Co. cut Upstart from a “neutral” rating to an “underweight” rating and upped their price target for the stock from $45.00 to $57.00 in a research report on Monday, December 2nd. BTIG Research upgraded Upstart from a “sell” rating to a “neutral” rating in a research report on Monday, November 11th. Finally, Citigroup upgraded Upstart from a “neutral” rating to a “buy” rating and increased their target price for the stock from $56.00 to $87.00 in a research report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Upstart currently has a consensus rating of “Hold” and an average target price of $61.80.

Insider Buying and Selling at Upstart

In other news, CEO Dave Girouard sold 41,667 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $62.60, for a total value of $2,608,354.20. Following the completion of the sale, the chief executive officer now directly owns 57,138 shares of the company’s stock, valued at $3,576,838.80. This trade represents a 42.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Sanjay Datta sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $68.56, for a total value of $102,840.00. Following the completion of the sale, the chief financial officer now directly owns 329,593 shares of the company’s stock, valued at $22,596,896.08. The trade was a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 347,868 shares of company stock worth $24,056,862 in the last quarter. 18.06% of the stock is owned by corporate insiders.

Upstart Trading Down 5.1 %

NASDAQ:UPST opened at $67.34 on Wednesday. The stock has a market capitalization of $6.14 billion, a P/E ratio of -34.89 and a beta of 2.25. The stock has a 50-day moving average price of $67.49 and a 200 day moving average price of $54.38. Upstart Holdings, Inc. has a 12-month low of $20.60 and a 12-month high of $88.95.

Upstart (NASDAQ:UPST) last released its quarterly earnings results on Tuesday, February 11th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.02. Upstart had a negative return on equity of 32.57% and a negative net margin of 30.15%. On average, research analysts predict that Upstart Holdings, Inc. will post -2.18 earnings per share for the current fiscal year.

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.