Gryphon Financial Partners LLC Sells 496 Shares of Upstart Holdings, Inc. (NASDAQ:UPST)

Gryphon Financial Partners LLC lessened its position in Upstart Holdings, Inc. (NASDAQ:UPST) by 2.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,504 shares of the company’s stock after selling 496 shares during the period. Gryphon Financial Partners LLC’s holdings in Upstart were worth $1,509,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Los Angeles Capital Management LLC purchased a new position in Upstart during the 3rd quarter valued at about $334,000. Tyler Stone Wealth Management boosted its stake in shares of Upstart by 94.1% during the 3rd quarter. Tyler Stone Wealth Management now owns 55,534 shares of the company’s stock valued at $2,222,000 after purchasing an additional 26,917 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of Upstart during the 3rd quarter worth approximately $939,000. Quadrature Capital Ltd purchased a new stake in Upstart in the third quarter worth $676,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Upstart by 63.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 725,582 shares of the company’s stock valued at $29,031,000 after buying an additional 282,481 shares during the period. 63.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Morgan Stanley upgraded shares of Upstart from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $12.00 to $70.00 in a research note on Friday, February 14th. B. Riley raised Upstart from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $49.00 to $105.00 in a research report on Wednesday, February 12th. Redburn Atlantic raised Upstart from a “neutral” rating to a “buy” rating and raised their price objective for the company from $37.00 to $95.00 in a research report on Tuesday, December 3rd. BTIG Research raised Upstart from a “sell” rating to a “neutral” rating in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. upgraded Upstart from an “underweight” rating to a “neutral” rating and raised their price target for the company from $57.00 to $79.00 in a report on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $73.38.

Insider Buying and Selling at Upstart

In related news, CFO Sanjay Datta sold 16,070 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $79.02, for a total value of $1,269,851.40. Following the transaction, the chief financial officer now directly owns 295,537 shares of the company’s stock, valued at approximately $23,353,333.74. This trade represents a 5.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Paul Gu sold 4,019 shares of Upstart stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $75.00, for a total value of $301,425.00. Following the transaction, the chief technology officer now owns 863,065 shares in the company, valued at $64,729,875. This trade represents a 0.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 79,081 shares of company stock worth $5,548,607 in the last three months. 18.06% of the stock is currently owned by company insiders.

Upstart Stock Down 0.1 %

UPST opened at $66.67 on Monday. Upstart Holdings, Inc. has a twelve month low of $20.60 and a twelve month high of $96.43. The firm has a 50 day moving average price of $67.63 and a 200-day moving average price of $58.67. The stock has a market capitalization of $6.25 billion, a price-to-earnings ratio of -45.66 and a beta of 2.25.

Upstart (NASDAQ:UPST) last released its quarterly earnings results on Tuesday, February 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. Upstart had a negative return on equity of 25.87% and a negative net margin of 20.20%. As a group, analysts expect that Upstart Holdings, Inc. will post -0.03 earnings per share for the current year.

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.