16,905 Shares in Upstart Holdings, Inc. (NASDAQ:UPST) Acquired by Quadrature Capital Ltd

Quadrature Capital Ltd purchased a new position in Upstart Holdings, Inc. (NASDAQ:UPST - Free Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 16,905 shares of the company's stock, valued at approximately $676,000.

Several other hedge funds also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD boosted its position in Upstart by 7.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 42,350 shares of the company's stock worth $1,139,000 after acquiring an additional 2,770 shares during the period. Comerica Bank raised its holdings in shares of Upstart by 144.0% during the first quarter. Comerica Bank now owns 2,313 shares of the company's stock worth $62,000 after acquiring an additional 1,365 shares in the last quarter. Cetera Advisors LLC boosted its position in Upstart by 66.6% during the first quarter. Cetera Advisors LLC now owns 17,258 shares of the company's stock valued at $464,000 after purchasing an additional 6,899 shares during the last quarter. SG Americas Securities LLC grew its stake in Upstart by 442.1% in the second quarter. SG Americas Securities LLC now owns 148,214 shares of the company's stock valued at $3,496,000 after purchasing an additional 120,871 shares in the last quarter. Finally, Gemmer Asset Management LLC increased its position in Upstart by 110.0% in the 2nd quarter. Gemmer Asset Management LLC now owns 18,461 shares of the company's stock worth $435,000 after purchasing an additional 9,669 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company's stock.

Insider Transactions at Upstart

In other Upstart news, CEO Dave Girouard sold 41,667 shares of the business's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $65.15, for a total value of $2,714,605.05. Following the sale, the chief executive officer now owns 61,512 shares of the company's stock, valued at $4,007,506.80. The trade was a 40.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kerry Whorton Cooper sold 500 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $74.59, for a total transaction of $37,295.00. Following the completion of the transaction, the director now owns 17,961 shares of the company's stock, valued at approximately $1,339,710.99. This represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 534,868 shares of company stock worth $32,864,764. Insiders own 18.06% of the company's stock.

Upstart Stock Down 1.0 %

NASDAQ UPST traded down $0.77 during trading on Monday, hitting $76.39. The company's stock had a trading volume of 5,152,912 shares, compared to its average volume of 6,869,676. Upstart Holdings, Inc. has a 52 week low of $20.60 and a 52 week high of $86.07. The firm has a market cap of $6.97 billion, a P/E ratio of -39.98 and a beta of 2.18. The firm has a 50 day moving average price of $58.81 and a 200 day moving average price of $40.37.

Wall Street Analysts Forecast Growth

UPST has been the subject of several recent research reports. BTIG Research raised Upstart from a "sell" rating to a "neutral" rating in a research note on Monday, November 11th. JPMorgan Chase & Co. downgraded shares of Upstart from a "neutral" rating to an "underweight" rating and boosted their target price for the stock from $45.00 to $57.00 in a research report on Monday, December 2nd. Citigroup upgraded shares of Upstart from a "neutral" rating to a "buy" rating and increased their price target for the stock from $56.00 to $87.00 in a research note on Friday, November 8th. Redburn Atlantic raised shares of Upstart from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $37.00 to $95.00 in a research note on Tuesday, December 3rd. Finally, Mizuho increased their target price on shares of Upstart from $33.00 to $48.00 and gave the stock an "outperform" rating in a research report on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $57.56.

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.