Tyler Stone Wealth Management Boosts Holdings in Upstart Holdings, Inc. (NASDAQ:UPST)

Tyler Stone Wealth Management grew its position in Upstart Holdings, Inc. (NASDAQ:UPST) by 94.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 55,534 shares of the company’s stock after purchasing an additional 26,917 shares during the period. Tyler Stone Wealth Management’s holdings in Upstart were worth $2,222,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. Millennium Management LLC boosted its position in shares of Upstart by 1,792.9% in the 2nd quarter. Millennium Management LLC now owns 262,396 shares of the company’s stock worth $6,190,000 after purchasing an additional 277,896 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Upstart by 4,087.8% in the third quarter. International Assets Investment Management LLC now owns 233,258 shares of the company’s stock worth $9,333,000 after acquiring an additional 227,688 shares in the last quarter. Seven Eight Capital LP grew its stake in shares of Upstart by 349.1% during the first quarter. Seven Eight Capital LP now owns 189,385 shares of the company’s stock worth $5,093,000 after acquiring an additional 147,213 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Upstart by 442.1% during the second quarter. SG Americas Securities LLC now owns 148,214 shares of the company’s stock valued at $3,496,000 after acquiring an additional 120,871 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Upstart by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 7,128,975 shares of the company’s stock valued at $191,698,000 after purchasing an additional 115,057 shares during the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Upstart Stock Performance

Shares of UPST stock traded up $25.53 on Friday, hitting $81.00. The company had a trading volume of 39,961,516 shares, compared to its average volume of 7,073,043. Upstart Holdings, Inc. has a twelve month low of $19.84 and a twelve month high of $82.25. The company has a 50-day moving average price of $44.58 and a 200-day moving average price of $33.47.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Wedbush boosted their target price on shares of Upstart from $45.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday. Citigroup raised shares of Upstart from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $56.00 to $87.00 in a report on Friday. Needham & Company LLC reaffirmed a “hold” rating on shares of Upstart in a research report on Thursday, August 8th. Barclays boosted their price target on Upstart from $25.00 to $35.00 and gave the company an “equal weight” rating in a research note on Monday, August 12th. Finally, Piper Sandler upgraded Upstart from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $31.00 to $85.00 in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $46.83.

Insider Transactions at Upstart

In related news, insider Natalia Mirgorodskaya sold 1,264 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $38.36, for a total transaction of $48,487.04. Following the sale, the insider now directly owns 24,557 shares of the company’s stock, valued at approximately $942,006.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Natalia Mirgorodskaya sold 1,264 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $38.36, for a total value of $48,487.04. Following the completion of the transaction, the insider now owns 24,557 shares of the company’s stock, valued at approximately $942,006.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, 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, October 28th. The shares were sold at an average price of $51.70, for a total value of $77,550.00. Following the completion of the sale, the chief financial officer now directly owns 334,093 shares in the company, valued at approximately $17,272,608.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 312,959 shares of company stock valued at $13,724,175 in the last 90 days. 18.06% of the stock is currently owned by company insiders.

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.