Upstart Holdings, Inc. (NASDAQ:UPST) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. cut its position in Upstart Holdings, Inc. (NASDAQ:UPST - Free Report) by 44.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 26,417 shares of the company's stock after selling 20,901 shares during the period. Jacobs Levy Equity Management Inc.'s holdings in Upstart were worth $1,626,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp boosted its stake in Upstart by 3.1% during the 4th quarter. Jones Financial Companies Lllp now owns 5,511 shares of the company's stock valued at $339,000 after purchasing an additional 167 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Upstart by 24.2% during the 4th quarter. Farther Finance Advisors LLC now owns 882 shares of the company's stock valued at $54,000 after acquiring an additional 172 shares during the last quarter. Bailard Inc. raised its stake in Upstart by 0.5% during the 4th quarter. Bailard Inc. now owns 38,759 shares of the company's stock valued at $2,386,000 after buying an additional 212 shares during the last quarter. Crestline Management LP lifted its holdings in Upstart by 3.8% in the fourth quarter. Crestline Management LP now owns 10,004 shares of the company's stock valued at $616,000 after acquiring an additional 364 shares during the period. Finally, Ancora Advisors LLC grew its stake in shares of Upstart by 31.3% during the 4th quarter. Ancora Advisors LLC now owns 1,575 shares of the company's stock valued at $97,000 after purchasing an additional 375 shares during the period. Institutional investors own 63.01% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on UPST. Barclays raised their price objective on shares of Upstart from $42.00 to $47.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. JPMorgan Chase & Co. upgraded Upstart from an "underweight" rating to a "neutral" rating and upped their price objective for the stock from $57.00 to $79.00 in a research note on Wednesday, February 12th. Citigroup lifted their target price on Upstart from $87.00 to $108.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. B. Riley raised Upstart from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $49.00 to $105.00 in a research report on Wednesday, February 12th. Finally, Bank of America upgraded shares of Upstart from an "underperform" rating to a "neutral" rating and set a $53.00 target price on the stock in a research note on Tuesday, April 29th. One 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. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $63.81.

Insider Activity

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

Upstart Stock Performance

NASDAQ UPST traded down $0.83 on Tuesday, reaching $46.64. 4,879,205 shares of the company's stock traded hands, compared to its average volume of 6,709,827. The stock has a 50 day moving average price of $46.05 and a 200-day moving average price of $60.40. The firm has a market cap of $4.44 billion, a price-to-earnings ratio of -31.94 and a beta of 2.39. Upstart Holdings, Inc. has a fifty-two week low of $20.60 and a fifty-two week high of $96.43.

Upstart (NASDAQ:UPST - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.11. The firm had revenue of $213.37 million during the quarter, compared to analyst estimates of $201.08 million. Upstart had a negative return on equity of 25.87% and a negative net margin of 20.20%. 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 business earned ($0.31) EPS. As a group, equities research analysts anticipate that Upstart Holdings, Inc. will post -0.03 EPS for the current fiscal year.

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.