Rokos Capital Management LLP Makes New Investment in Upstart Holdings, Inc. $UPST

Rokos Capital Management LLP purchased a new stake in Upstart Holdings, Inc. (NASDAQ:UPST) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 479,321 shares of the company’s stock, valued at approximately $31,012,000.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Upstart by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 8,014,656 shares of the company’s stock worth $368,915,000 after acquiring an additional 221,204 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Upstart by 3.8% in the 2nd quarter. Geode Capital Management LLC now owns 2,009,116 shares of the company’s stock valued at $129,965,000 after purchasing an additional 73,582 shares during the period. Invesco Ltd. increased its stake in Upstart by 79.0% in the 1st quarter. Invesco Ltd. now owns 1,270,352 shares of the company’s stock worth $58,474,000 after purchasing an additional 560,668 shares in the last quarter. Driehaus Capital Management LLC raised its holdings in Upstart by 71.5% during the 1st quarter. Driehaus Capital Management LLC now owns 1,215,237 shares of the company’s stock worth $55,937,000 after buying an additional 506,787 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Upstart by 3.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,197,966 shares of the company’s stock valued at $55,143,000 after buying an additional 44,635 shares in the last quarter. 63.01% of the stock is owned by institutional investors.

Insider Transactions at Upstart

In related news, CEO Dave Girouard sold 41,667 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $64.93, for a total value of $2,705,438.31. Following the transaction, the chief executive officer owned 52,614 shares in the company, valued at approximately $3,416,227.02. This represents a 44.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Paul Gu acquired 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The shares were acquired at an average cost of $39.23 per share, for a total transaction of $3,923,000.00. Following the transaction, the chief technology officer owned 80,000 shares of the company’s stock, valued at approximately $3,138,400. This represents a -500.00% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders sold 56,874 shares of company stock worth $3,263,519. 16.67% of the stock is owned by corporate insiders.

Upstart Stock Up 5.0%

Upstart stock opened at $48.81 on Thursday. Upstart Holdings, Inc. has a 12 month low of $31.40 and a 12 month high of $96.43. The company’s fifty day simple moving average is $45.54 and its 200-day simple moving average is $58.81. The stock has a market cap of $4.75 billion, a P/E ratio of 221.87 and a beta of 2.27.

Upstart (NASDAQ:UPST) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.10. Upstart had a return on equity of 3.68% and a net margin of 3.33%.The firm had revenue of $258.54 million during the quarter, compared to analysts’ expectations of $288.94 million. During the same quarter last year, the firm earned ($0.07) earnings per share. The business’s revenue for the quarter was up 70.9% on a year-over-year basis. On average, equities research analysts expect that Upstart Holdings, Inc. will post -0.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on UPST shares. BTIG Research reiterated a “neutral” rating on shares of Upstart in a report on Wednesday, November 5th. Bank of America reduced their price target on shares of Upstart from $81.00 to $71.00 and set a “neutral” rating for the company in a research report on Wednesday, November 5th. Needham & Company LLC lowered their price objective on shares of Upstart from $82.00 to $56.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Piper Sandler reduced their target price on Upstart from $80.00 to $56.00 and set an “overweight” rating for the company in a report on Wednesday, November 5th. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and issued a $40.00 target price on shares of Upstart in a research report on Thursday, November 6th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Upstart currently has a consensus rating of “Hold” and a consensus price target of $60.50.

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.