Upstart Holdings, Inc. (NASDAQ:UPST) Stock Holdings Boosted by Bristlecone Advisors LLC

Bristlecone Advisors LLC grew its stake in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 125.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 14,520 shares of the company’s stock after acquiring an additional 8,066 shares during the period. Bristlecone Advisors LLC’s holdings in Upstart were worth $894,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Los Angeles Capital Management LLC acquired a new stake in shares of Upstart during the 3rd quarter valued at $334,000. Tyler Stone Wealth Management lifted its position in shares of Upstart by 94.1% during the 3rd quarter. Tyler Stone Wealth Management now owns 55,534 shares of the company’s stock valued at $2,222,000 after acquiring an additional 26,917 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Upstart during the 3rd quarter valued at $939,000. Quadrature Capital Ltd acquired a new stake in shares of Upstart during the 3rd quarter valued at $676,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Upstart by 63.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 725,582 shares of the company’s stock valued at $29,031,000 after acquiring an additional 282,481 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Upstart Stock Performance

NASDAQ UPST opened at $70.94 on Tuesday. Upstart Holdings, Inc. has a fifty-two week low of $20.60 and a fifty-two week high of $88.95. The stock’s 50-day moving average is $67.60 and its two-hundred day moving average is $54.09.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Redburn Atlantic upgraded Upstart from a “neutral” rating to a “buy” rating and increased their price objective for the company from $37.00 to $95.00 in a research report on Tuesday, December 3rd. Citigroup upgraded Upstart from a “neutral” rating to a “buy” rating and increased their target price for the company from $56.00 to $87.00 in a report on Friday, November 8th. Needham & Company LLC raised Upstart from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a research report on Friday, December 13th. JPMorgan Chase & Co. cut Upstart from a “neutral” rating to an “underweight” rating and raised their target price for the stock from $45.00 to $57.00 in a research report on Monday, December 2nd. Finally, Wedbush raised their target price on Upstart from $60.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, December 2nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $61.80.

Insider Buying and Selling at Upstart

In other news, CEO Dave Girouard sold 41,667 shares of Upstart stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $65.41, for a total value of $2,725,438.47. Following the transaction, the chief executive officer now directly owns 61,512 shares in the company, valued at approximately $4,023,499.92. The trade was a 40.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Natalia Mirgorodskaya sold 1,411 shares of Upstart stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $77.36, for a total value of $109,154.96. Following the completion of the transaction, the insider now owns 18,596 shares in the company, valued at $1,438,586.56. The trade was a 7.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 347,868 shares of company stock worth $24,056,862 over the last three months. Corporate insiders own 18.06% of the company’s stock.

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.