Capital Advantage Inc. Has $716,000 Stake in Upstart Holdings, Inc. (NASDAQ:UPST)

Capital Advantage Inc. trimmed its position in Upstart Holdings, Inc. (NASDAQ:UPST) by 90.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,625 shares of the company’s stock after selling 107,496 shares during the period. Capital Advantage Inc.’s holdings in Upstart were worth $716,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rakuten Securities Inc. acquired a new position in shares of Upstart during the fourth quarter valued at about $31,000. Farther Finance Advisors LLC increased its holdings in Upstart by 24.2% during the 4th quarter. Farther Finance Advisors LLC now owns 882 shares of the company’s stock worth $54,000 after purchasing an additional 172 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Upstart by 19.9% in the fourth quarter. GAMMA Investing LLC now owns 1,348 shares of the company’s stock worth $83,000 after purchasing an additional 224 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Upstart by 49.1% during the fourth quarter. Blue Trust Inc. now owns 1,475 shares of the company’s stock valued at $91,000 after buying an additional 486 shares during the last quarter. Finally, R Squared Ltd bought a new stake in Upstart during the fourth quarter worth $96,000. Institutional investors own 63.01% of the company’s stock.

Upstart Stock Performance

Shares of UPST stock opened at $52.00 on Tuesday. The firm has a market cap of $4.94 billion, a P/E ratio of -35.62 and a beta of 2.39. The business’s 50 day moving average price is $47.52 and its 200-day moving average price is $60.49. Upstart Holdings, Inc. has a fifty-two week low of $20.60 and a fifty-two week high of $96.43.

Upstart (NASDAQ:UPST) last issued its quarterly earnings data on Tuesday, February 11th. The company reported ($0.02) EPS for the quarter, topping 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%. As a group, equities analysts predict that Upstart Holdings, Inc. will post -0.03 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group upped their price objective on shares of Upstart from $13.50 to $15.00 and gave the stock a “sell” rating in a research report on Wednesday, February 12th. Bank of America upgraded Upstart from an “underperform” rating to a “neutral” rating and set a $53.00 price target on the stock in a report on Tuesday, April 29th. JPMorgan Chase & Co. raised Upstart from an “underweight” rating to a “neutral” rating and raised their target price for the company from $57.00 to $79.00 in a research report on Wednesday, February 12th. Piper Sandler restated an “overweight” rating and set a $105.00 price target (up previously from $85.00) on shares of Upstart in a research report on Wednesday, February 12th. Finally, B. Riley raised shares of Upstart from a “neutral” rating to a “buy” rating and increased their target price for the company from $49.00 to $105.00 in a research report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $70.54.

Insiders Place Their Bets

In other Upstart news, CFO Sanjay Datta sold 16,070 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $79.02, for a total value of $1,269,851.40. Following the sale, the chief financial officer now directly owns 295,537 shares of the company’s stock, valued at approximately $23,353,333.74. The trade was a 5.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Paul Gu sold 12,007 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $79.02, for a total value of $948,793.14. Following the transaction, the chief technology officer now owns 1,006,599 shares of the company’s stock, valued at $79,541,452.98. The trade was a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,395 shares of company stock worth $2,638,828. Company insiders own 16.67% 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.