16,234 Shares in Upstart Holdings, Inc. (NASDAQ:UPST) Acquired by Aigen Investment Management LP

Aigen Investment Management LP acquired a new position in shares of Upstart Holdings, Inc. (NASDAQ:UPST) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 16,234 shares of the company’s stock, valued at approximately $1,000,000.

Several other large investors have also recently modified their holdings of the company. Proficio Capital Partners LLC bought a new position in shares of Upstart during the 4th quarter worth approximately $1,986,000. Atria Investments Inc purchased a new stake in Upstart during the 4th quarter worth approximately $260,000. Charles Schwab Investment Management Inc. grew its position in Upstart by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 657,118 shares of the company’s stock worth $40,459,000 after purchasing an additional 14,242 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Upstart during the 4th quarter worth approximately $1,015,000. Finally, Jones Financial Companies Lllp grew its position in Upstart by 3.1% during the 4th quarter. Jones Financial Companies Lllp now owns 5,511 shares of the company’s stock worth $339,000 after purchasing an additional 167 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

Upstart Price Performance

UPST opened at $59.93 on Thursday. The firm has a fifty day moving average price of $67.15 and a 200 day moving average price of $59.01. Upstart Holdings, Inc. has a 1 year low of $20.60 and a 1 year high of $96.43. The stock has a market cap of $5.62 billion, a P/E ratio of -41.05 and a beta of 2.25.

Upstart (NASDAQ:UPST) last posted its earnings results on Tuesday, February 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating 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 EPS for the current year.

Wall Street Analyst Weigh In

UPST has been the topic of several research analyst reports. BTIG Research raised shares of Upstart from a “sell” rating to a “neutral” rating in a research report on Monday, November 11th. Barclays boosted their target price on shares of Upstart from $80.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 18th. B. Riley raised shares of Upstart from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $49.00 to $105.00 in a research report on Wednesday, February 12th. Piper Sandler reissued an “overweight” rating and set a $105.00 target price (up previously from $85.00) on shares of Upstart in a research report on Wednesday, February 12th. Finally, Bank of America upped their price objective on shares of Upstart from $33.00 to $39.00 and gave the company an “underperform” rating in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $73.38.

Insider Activity at Upstart

In other Upstart news, CTO Paul Gu sold 12,007 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $79.02, for a total transaction of $948,793.14. Following the completion of the transaction, the chief technology officer now directly owns 1,006,599 shares in the company, valued at approximately $79,541,452.98. This represents a 1.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Dave Girouard sold 4,524 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $79.01, for a total transaction of $357,441.24. Following the transaction, the chief executive officer now owns 52,614 shares of the company’s stock, valued at $4,157,032.14. This represents a 7.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 75,062 shares of company stock worth $5,247,182 in the last three months. Company insiders own 18.06% of the company’s stock.

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.