Cassady Schiller Wealth Management LLC Buys 1,009 Shares of Upstart Holdings, Inc. (NASDAQ:UPST)

Cassady Schiller Wealth Management LLC grew its stake in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 24.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,202 shares of the company’s stock after purchasing an additional 1,009 shares during the period. Cassady Schiller Wealth Management LLC’s holdings in Upstart were worth $208,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Tyler Stone Wealth Management boosted its position in Upstart by 94.1% during the 3rd quarter. Tyler Stone Wealth Management now owns 55,534 shares of the company’s stock valued at $2,222,000 after acquiring an additional 26,917 shares in the last quarter. Magnetar Financial LLC boosted its position in shares of Upstart by 1,106.7% during the first quarter. Magnetar Financial LLC now owns 97,281 shares of the company’s stock valued at $2,616,000 after purchasing an additional 89,219 shares in the last quarter. SteelPeak Wealth LLC bought a new stake in shares of Upstart during the third quarter valued at approximately $828,000. LifePro Asset Management purchased a new stake in Upstart in the third quarter worth $2,008,000. Finally, EMC Capital Management raised its holdings in Upstart by 217.5% in the third quarter. EMC Capital Management now owns 20,000 shares of the company’s stock worth $800,000 after purchasing an additional 13,700 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Dave Girouard sold 41,667 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $65.15, for a total value of $2,714,605.05. Following the transaction, the chief executive officer now directly owns 61,512 shares of the company’s stock, valued at approximately $4,007,506.80. This trade represents a 40.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sanjay Datta sold 1,500 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $79.54, for a total value of $119,310.00. Following the sale, the chief financial officer now directly owns 331,093 shares of the company’s stock, valued at $26,335,137.22. This represents a 0.45 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 356,126 shares of company stock valued at $16,558,090. Company insiders own 18.06% of the company’s stock.

Upstart Trading Up 1.4 %

Shares of UPST stock opened at $68.36 on Friday. The company has a 50 day moving average price of $47.85 and a 200-day moving average price of $35.12. Upstart Holdings, Inc. has a 52 week low of $20.60 and a 52 week high of $86.07.

Analyst Ratings Changes

A number of brokerages have recently commented on UPST. Citigroup upgraded shares of Upstart from a “neutral” rating to a “buy” rating and boosted their target price for the company from $56.00 to $87.00 in a report on Friday, November 8th. Piper Sandler raised shares of Upstart from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $31.00 to $85.00 in a research note on Friday, November 8th. BTIG Research raised Upstart from a “sell” rating to a “neutral” rating in a research report on Monday, November 11th. Needham & Company LLC reiterated a “hold” rating on shares of Upstart in a research note on Thursday, August 8th. Finally, Wedbush increased their target price on Upstart from $45.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Upstart has an average rating of “Hold” and a consensus price target of $46.83.

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.