Qsemble Capital Management LP Acquires New Holdings in Upstart Holdings, Inc. (NASDAQ:UPST)

Qsemble Capital Management LP bought a new position in Upstart Holdings, Inc. (NASDAQ:UPST) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 22,637 shares of the company’s stock, valued at approximately $906,000.

Several other large investors also recently made changes to their positions in UPST. Vanguard Group Inc. grew its holdings in Upstart by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 7,128,975 shares of the company’s stock worth $191,698,000 after buying an additional 115,057 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Upstart by 63.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 725,582 shares of the company’s stock worth $29,031,000 after purchasing an additional 282,481 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Upstart by 5.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 642,876 shares of the company’s stock valued at $25,721,000 after purchasing an additional 32,052 shares during the period. Pathstone Holdings LLC raised its stake in shares of Upstart by 0.3% during the third quarter. Pathstone Holdings LLC now owns 396,408 shares of the company’s stock valued at $15,860,000 after purchasing an additional 1,119 shares in the last quarter. Finally, Liontrust Investment Partners LLP grew its position in Upstart by 26.1% in the 2nd quarter. Liontrust Investment Partners LLP now owns 290,000 shares of the company’s stock valued at $6,841,000 after buying an additional 60,000 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on UPST. Citigroup upgraded shares of Upstart from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $56.00 to $87.00 in a research report on Friday, November 8th. BTIG Research upgraded Upstart from a “sell” rating to a “neutral” rating in a research report on Monday, November 11th. Barclays lifted their price target on Upstart from $25.00 to $35.00 and gave the company an “equal weight” rating in a research report on Monday, August 12th. Needham & Company LLC restated a “hold” rating on shares of Upstart in a report on Thursday, August 8th. Finally, Piper Sandler raised Upstart from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $31.00 to $85.00 in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Upstart has a consensus rating of “Hold” and a consensus price target of $46.83.

Insider Buying and Selling at Upstart

In other Upstart news, insider Scott Darling sold 84,000 shares of the business’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $50.02, for a total transaction of $4,201,680.00. Following the sale, the insider now directly owns 152,043 shares of the company’s stock, valued at $7,605,190.86. The trade was a 35.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sanjay Datta sold 1,500 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $79.54, for a total value of $119,310.00. Following the completion of the sale, the chief financial officer now directly owns 331,093 shares of the company’s stock, valued at approximately $26,335,137.22. This trade represents a 0.45 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 451,742 shares of company stock valued at $24,719,949. 18.06% of the stock is currently owned by corporate insiders.

Upstart Trading Down 1.3 %

NASDAQ:UPST opened at $78.51 on Wednesday. The stock has a fifty day simple moving average of $53.10 and a 200 day simple moving average of $37.61. Upstart Holdings, Inc. has a 1-year low of $20.60 and a 1-year high of $86.07.

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.