Entropy Technologies LP Acquires Shares of 27,774 Upstart Holdings, Inc. (NASDAQ:UPST)

Entropy Technologies LP purchased a new position in Upstart Holdings, Inc. (NASDAQ:UPST) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 27,774 shares of the company’s stock, valued at approximately $1,111,000.

Other large investors have also recently made changes to their positions in the company. Atomi Financial Group Inc. increased its position in shares of Upstart by 0.7% during the second quarter. Atomi Financial Group Inc. now owns 59,009 shares of the company’s stock valued at $1,392,000 after acquiring an additional 406 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Upstart by 18.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 2,657 shares of the company’s stock valued at $63,000 after buying an additional 409 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Upstart by 4.2% during the 2nd quarter. Principal Financial Group Inc. now owns 10,405 shares of the company’s stock valued at $245,000 after buying an additional 422 shares during the period. Inspire Advisors LLC boosted its stake in shares of Upstart by 3.0% in the 2nd quarter. Inspire Advisors LLC now owns 16,623 shares of the company’s stock worth $392,000 after buying an additional 480 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Upstart by 125.3% in the third quarter. Blue Trust Inc. now owns 989 shares of the company’s stock worth $40,000 after acquiring an additional 550 shares during the period. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Upstart news, CFO Sanjay Datta sold 1,500 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $34.42, for a total value of $51,630.00. Following the sale, the chief financial officer now owns 343,093 shares in the company, valued at $11,809,261.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Sanjay Datta sold 1,500 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $34.42, for a total transaction of $51,630.00. Following the sale, the chief financial officer now directly owns 343,093 shares in the company, valued at approximately $11,809,261.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Scott Darling sold 84,000 shares of Upstart stock in a transaction on Monday, October 14th. The stock was sold at an average price of $50.02, for a total transaction of $4,201,680.00. Following the transaction, the insider now directly owns 152,043 shares of the company’s stock, valued at $7,605,190.86. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 356,126 shares of company stock worth $16,558,090. 18.06% of the stock is owned by insiders.

Upstart Stock Performance

UPST stock opened at $67.80 on Thursday. Upstart Holdings, Inc. has a 1-year low of $20.60 and a 1-year high of $86.07. The business has a 50 day simple moving average of $45.91 and a two-hundred day simple moving average of $34.26.

Analyst Ratings Changes

UPST has been the topic of several research reports. Barclays raised their target price on Upstart from $25.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. 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 research report on Friday, November 8th. JPMorgan Chase & Co. upgraded shares of Upstart from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $30.00 to $45.00 in a research note on Friday, November 8th. Needham & Company LLC reissued a “hold” rating on shares of Upstart in a research report on Thursday, August 8th. Finally, Mizuho lifted their target price on Upstart from $33.00 to $48.00 and gave the company an “outperform” rating in a research report on Friday, September 20th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $46.83.

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.