Natixis Advisors LLC Purchases 4,351 Shares of Upstart Holdings, Inc. (NASDAQ:UPST)

Natixis Advisors LLC raised its position in Upstart Holdings, Inc. (NASDAQ:UPST) by 26.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,703 shares of the company’s stock after acquiring an additional 4,351 shares during the quarter. Natixis Advisors LLC’s holdings in Upstart were worth $1,275,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of UPST. Left Brain Wealth Management LLC bought a new position in shares of Upstart in the 4th quarter worth approximately $719,000. Commonwealth Equity Services LLC raised its position in Upstart by 7.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 43,579 shares of the company’s stock worth $2,683,000 after acquiring an additional 3,093 shares during the period. Swiss National Bank boosted its stake in shares of Upstart by 2.6% during the 4th quarter. Swiss National Bank now owns 149,700 shares of the company’s stock worth $9,217,000 after acquiring an additional 3,800 shares during the last quarter. Rakuten Securities Inc. bought a new stake in shares of Upstart during the 4th quarter valued at $31,000. Finally, Farther Finance Advisors LLC increased its stake in shares of Upstart by 24.2% in 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. 63.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Upstart

In other Upstart news, CFO Sanjay Datta sold 16,070 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $79.02, for a total transaction 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 $23,353,333.74. The trade was a 5.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Dave Girouard sold 4,524 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $79.01, for a total value of $357,441.24. Following the completion of the sale, the chief executive officer now directly owns 52,614 shares of the company’s stock, valued at $4,157,032.14. The trade was a 7.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 75,062 shares of company stock valued at $5,247,182 over the last 90 days. 18.06% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

UPST has been the subject of several recent research reports. B. Riley raised Upstart from a “neutral” rating to a “buy” rating and boosted their price target for the company from $49.00 to $105.00 in a report on Wednesday, February 12th. JPMorgan Chase & Co. raised shares of Upstart from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $57.00 to $79.00 in a report on Wednesday, February 12th. Barclays lifted their price target on shares of Upstart from $80.00 to $93.00 and gave the company an “equal weight” rating in a report on Tuesday, February 18th. Citigroup upped their price target on shares of Upstart from $87.00 to $108.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Finally, Wedbush raised their price objective on shares of Upstart from $60.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, December 2nd. Two 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $73.38.

Upstart Trading Down 0.3 %

Shares of UPST stock opened at $55.00 on Wednesday. The stock has a market capitalization of $5.15 billion, a price-to-earnings ratio of -37.67 and a beta of 2.25. Upstart Holdings, Inc. has a 12-month low of $20.60 and a 12-month high of $96.43. The stock’s 50-day moving average price is $64.01 and its 200-day moving average price is $60.17.

Upstart (NASDAQ:UPST) last released its quarterly earnings data on Tuesday, February 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. Upstart had a negative return on equity of 25.87% and a negative net margin of 20.20%. As a group, research analysts predict that Upstart Holdings, Inc. will post -0.03 EPS for the current fiscal year.

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.