Kera Capital Partners Inc. Invests $846,000 in Upstart Holdings, Inc. (NASDAQ:UPST)

Kera Capital Partners Inc. purchased a new position in Upstart Holdings, Inc. (NASDAQ:UPST - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 18,371 shares of the company's stock, valued at approximately $846,000.

Several other institutional investors also recently bought and sold shares of the company. Two Sigma Advisers LP grew its stake in shares of Upstart by 190.2% in the fourth quarter. Two Sigma Advisers LP now owns 1,709,300 shares of the company's stock worth $105,242,000 after acquiring an additional 1,120,300 shares during the period. Marshall Wace LLP lifted its stake in shares of Upstart by 300.2% in the 4th quarter. Marshall Wace LLP now owns 1,061,512 shares of the company's stock worth $65,357,000 after purchasing an additional 796,252 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Upstart in the fourth quarter worth approximately $43,697,000. Fred Alger Management LLC grew its position in Upstart by 53.6% during the fourth quarter. Fred Alger Management LLC now owns 1,915,121 shares of the company's stock valued at $117,914,000 after buying an additional 668,282 shares during the period. Finally, Invesco Ltd. increased its holdings in Upstart by 886.0% during the fourth quarter. Invesco Ltd. now owns 709,684 shares of the company's stock valued at $43,695,000 after buying an additional 637,706 shares during the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Sanjay Datta sold 13,512 shares of the company's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $46.97, for a total value of $634,658.64. Following the completion of the transaction, the chief financial officer now owns 311,356 shares of the company's stock, valued at approximately $14,624,391.32. This represents a 4.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Natalia Mirgorodskaya sold 1,340 shares of the stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $44.19, for a total value of $59,214.60. Following the transaction, the insider now owns 24,623 shares in the company, valued at $1,088,090.37. This trade represents a 5.16% decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,616 shares of company stock worth $729,751 in the last three months. Corporate insiders own 16.67% of the company's stock.

Upstart Trading Down 0.0%

Shares of UPST traded down $0.02 during midday trading on Friday, reaching $46.67. 3,721,870 shares of the stock were exchanged, compared to its average volume of 6,753,503. The company's 50 day moving average is $45.24 and its two-hundred day moving average is $59.43. The company has a market capitalization of $4.44 billion, a P/E ratio of -31.97 and a beta of 2.39. Upstart Holdings, Inc. has a 52 week low of $20.60 and a 52 week high of $96.43.

Upstart (NASDAQ:UPST - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.11. The company had revenue of $213.37 million during the quarter, compared to the consensus estimate of $201.08 million. Upstart had a negative net margin of 20.20% and a negative return on equity of 25.87%. Upstart's revenue for the quarter was up 67.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.31) earnings per share. On average, sell-side analysts expect that Upstart Holdings, Inc. will post -0.03 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on UPST shares. The Goldman Sachs Group increased their price target on Upstart from $15.00 to $16.50 and gave the stock a "sell" rating in a research note on Thursday, May 8th. B. Riley upgraded shares of Upstart from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $49.00 to $105.00 in a report on Wednesday, February 12th. Bank of America raised shares of Upstart from an "underperform" rating to a "neutral" rating and set a $53.00 price target for the company in a report on Tuesday, April 29th. Piper Sandler decreased their price objective on Upstart from $105.00 to $69.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 7th. Finally, Needham & Company LLC reissued a "buy" rating and set a $70.00 target price on shares of Upstart in a research report on Monday, May 19th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $63.81.

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.