Upstart Holdings, Inc. (NASDAQ:UPST) Holdings Trimmed by Keeler & Nadler Financial Planning & Wealth Management

Keeler & Nadler Financial Planning & Wealth Management cut its holdings in Upstart Holdings, Inc. (NASDAQ:UPST) by 14.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,007 shares of the company’s stock after selling 1,000 shares during the quarter. Keeler & Nadler Financial Planning & Wealth Management’s holdings in Upstart were worth $370,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Rhumbline Advisers lifted its holdings in shares of Upstart by 6.9% during the second quarter. Rhumbline Advisers now owns 113,697 shares of the company’s stock valued at $2,682,000 after purchasing an additional 7,386 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Upstart by 18.2% in the second quarter. Daiwa Securities Group Inc. now owns 2,657 shares of the company’s stock worth $63,000 after buying an additional 409 shares during the period. WINTON GROUP Ltd purchased a new position in shares of Upstart in the second quarter worth approximately $841,000. Mercer Global Advisors Inc. ADV raised its holdings in shares of Upstart by 9.6% during the second quarter. Mercer Global Advisors Inc. ADV now owns 27,049 shares of the company’s stock valued at $635,000 after acquiring an additional 2,370 shares during the period. Finally, Seven Eight Capital LP lifted its position in shares of Upstart by 18.1% in the 2nd quarter. Seven Eight Capital LP now owns 223,608 shares of the company’s stock valued at $5,275,000 after acquiring an additional 34,223 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on UPST. Redburn Atlantic raised shares of Upstart from a “neutral” rating to a “buy” rating and boosted their target price for the company from $37.00 to $95.00 in a research note on Tuesday, December 3rd. Mizuho increased their price objective on Upstart from $33.00 to $48.00 and gave the stock an “outperform” rating in a research note on Friday, September 20th. Needham & Company LLC upgraded Upstart from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a research report on Friday, December 13th. JPMorgan Chase & Co. downgraded Upstart from a “neutral” rating to an “underweight” rating and upped their target price for the company from $45.00 to $57.00 in a report on Monday, December 2nd. Finally, Citigroup upgraded shares of Upstart from a “neutral” rating to a “buy” rating and raised their price target for the stock from $56.00 to $87.00 in a report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $61.80.

Upstart Trading Up 10.0 %

Shares of NASDAQ:UPST opened at $62.70 on Thursday. The firm has a fifty day moving average price of $69.84 and a 200 day moving average price of $48.81. Upstart Holdings, Inc. has a 1 year low of $20.60 and a 1 year high of $88.95.

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 8th. The stock was sold at an average price of $65.15, for a total value of $2,714,605.05. Following the transaction, the chief executive officer now directly owns 61,512 shares in the company, valued at approximately $4,007,506.80. 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, CFO Sanjay Datta sold 1,500 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $53.81, for a total value of $80,715.00. Following the sale, the chief financial officer now owns 335,593 shares of the company’s stock, valued at approximately $18,058,259.33. The trade was a 0.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 352,368 shares of company stock worth $24,440,688 over the last 90 days. Insiders own 18.06% of the company’s stock.

Upstart Company 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.