Landscape Capital Management L.L.C. Takes $687,000 Position in Upstart Holdings, Inc. (NASDAQ:UPST)

Landscape Capital Management L.L.C. bought a new position in shares of Upstart Holdings, Inc. (NASDAQ:UPST) in the 3rd quarter, Holdings Channel.com reports. The fund bought 17,162 shares of the company’s stock, valued at approximately $687,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Blue Trust Inc. grew its position in shares of Upstart by 125.3% during the third quarter. Blue Trust Inc. now owns 989 shares of the company’s stock worth $40,000 after buying an additional 550 shares in the last quarter. Hollencrest Capital Management acquired a new stake in Upstart in the third quarter valued at approximately $40,000. Indiana Trust & Investment Management Co purchased a new stake in shares of Upstart in the 3rd quarter valued at approximately $43,000. Prospera Private Wealth LLC purchased a new stake in shares of Upstart in the 3rd quarter valued at approximately $47,000. Finally, Anfield Capital Management LLC acquired a new stake in shares of Upstart in the 2nd quarter valued at $33,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Upstart

In other news, CFO Sanjay Datta sold 1,500 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $41.77, for a total value of $62,655.00. Following the completion of the sale, the chief financial officer now owns 346,093 shares in the company, valued at approximately $14,456,304.61. This trade represents a 0.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chief Legal Officer Scott Darling sold 9,000 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $45.00, for a total transaction of $405,000.00. Following the transaction, the insider now owns 164,870 shares in the company, valued at approximately $7,419,150. This trade represents a 5.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 451,742 shares of company stock worth $24,719,949 in the last quarter. Company insiders own 18.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on UPST shares. Needham & Company LLC reiterated a “hold” rating on shares of Upstart in a research note on Thursday, August 8th. Mizuho raised their target price on Upstart from $33.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. Piper Sandler upgraded Upstart from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $31.00 to $85.00 in a research note on Friday, November 8th. BTIG Research upgraded shares of Upstart from a “sell” rating to a “neutral” rating in a research report on Monday, November 11th. Finally, Wedbush increased their target price on shares of Upstart from $45.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Upstart currently has an average rating of “Hold” and a consensus price target of $46.83.

Upstart Stock Performance

NASDAQ UPST opened at $74.06 on Friday. Upstart Holdings, Inc. has a one year low of $20.60 and a one year high of $86.07. The firm has a market cap of $6.76 billion, a PE ratio of -38.37 and a beta of 1.97. The firm’s fifty day moving average is $51.40 and its two-hundred day moving average is $36.77.

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.