10,677 Shares in Upstart Holdings, Inc. (NASDAQ:UPST) Bought by XTX Topco Ltd

XTX Topco Ltd acquired a new position in shares of Upstart Holdings, Inc. (NASDAQ:UPST) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 10,677 shares of the company’s stock, valued at approximately $427,000.

Other hedge funds have also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Upstart during the 3rd quarter worth $35,000. BNP Paribas purchased a new stake in shares of Upstart during the 3rd quarter worth $37,000. Blue Trust Inc. lifted its stake in shares of Upstart by 125.3% during the 3rd quarter. Blue Trust Inc. now owns 989 shares of the company’s stock worth $40,000 after purchasing an additional 550 shares during the last quarter. Hollencrest Capital Management purchased a new stake in Upstart in the third quarter valued at about $40,000. Finally, Indiana Trust & Investment Management Co purchased a new stake in Upstart in the third quarter valued at about $43,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Upstart Price Performance

Shares of UPST stock opened at $84.46 on Friday. The stock’s 50-day simple moving average is $62.68 and its 200-day simple moving average is $42.16. Upstart Holdings, Inc. has a fifty-two week low of $20.60 and a fifty-two week high of $88.95.

Insider Activity

In related news, CEO Dave Girouard sold 41,667 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $65.15, for a total transaction of $2,714,605.05. Following the sale, the chief executive officer now directly owns 61,512 shares of the company’s stock, valued at $4,007,506.80. This trade represents a 40.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Paul Gu sold 87,600 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $69.39, for a total value of $6,078,564.00. Following the sale, the chief technology officer now directly owns 863,065 shares in the company, valued at approximately $59,888,080.35. This trade represents a 9.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 534,868 shares of company stock valued at $32,864,764. Company insiders own 18.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on UPST. Needham & Company LLC upgraded Upstart from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a research note on Friday. Wedbush increased their price target on Upstart from $60.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. Piper Sandler upgraded Upstart from a “neutral” rating to an “overweight” rating and increased their price target for the company from $31.00 to $85.00 in a research note on Friday, November 8th. Mizuho increased their price target on Upstart from $33.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, September 20th. Finally, JPMorgan Chase & Co. cut Upstart from a “neutral” rating to an “underweight” rating and increased their price target for the company from $45.00 to $57.00 in a research note on Monday, December 2nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $61.80.

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.