Intellectus Partners LLC Invests $308,000 in Upstart Holdings, Inc. (NASDAQ:UPST)

Intellectus Partners LLC bought a new position in Upstart Holdings, Inc. (NASDAQ:UPST) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,700 shares of the company’s stock, valued at approximately $308,000.

A number of other large investors have also bought and sold shares of the business. Oppenheimer Asset Management Inc. bought a new position in Upstart in the 3rd quarter valued at $826,000. Entropy Technologies LP acquired a new position in Upstart during the 3rd quarter worth about $1,111,000. Los Angeles Capital Management LLC bought a new stake in Upstart during the 3rd quarter worth about $334,000. State of New Jersey Common Pension Fund D acquired a new stake in Upstart in the 3rd quarter valued at about $1,839,000. Finally, Tyler Stone Wealth Management raised its stake in shares of Upstart by 94.1% in the third quarter. Tyler Stone Wealth Management now owns 55,534 shares of the company’s stock worth $2,222,000 after acquiring an additional 26,917 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

UPST has been the topic of several research analyst reports. Piper Sandler raised shares of 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. Wedbush lifted their target price on Upstart from $45.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. raised Upstart from an “underweight” rating to a “neutral” rating and upped their price target for the company from $30.00 to $45.00 in a research note on Friday, November 8th. Barclays boosted their price objective on Upstart from $25.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, August 12th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Upstart in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Upstart currently has an average rating of “Hold” and a consensus target price of $46.83.

Upstart Price Performance

Shares of UPST stock opened at $68.36 on Friday. The stock has a 50-day moving average of $47.85 and a 200-day moving average of $35.03. Upstart Holdings, Inc. has a one year low of $20.60 and a one year high of $86.07. The stock has a market cap of $6.24 billion, a PE ratio of -35.42 and a beta of 1.97.

Insider Buying and Selling at Upstart

In related news, CEO Dave Girouard sold 3,361 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $38.35, for a total value of $128,894.35. Following the completion of the transaction, the chief executive officer now directly owns 61,512 shares in the company, valued at approximately $2,358,985.20. The trade was a 5.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sanjay Datta sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $34.42, for a total transaction of $51,630.00. Following the sale, the chief financial officer now owns 343,093 shares in the company, valued at $11,809,261.06. This trade represents a 0.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 356,126 shares of company stock valued at $16,558,090. Corporate insiders own 18.06% of the company’s stock.

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.