Azora Capital LP Sells 41,553 Shares of Upstart Holdings, Inc. (NASDAQ:UPST)

Azora Capital LP reduced its stake in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 11.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 329,755 shares of the company’s stock after selling 41,553 shares during the quarter. Azora Capital LP owned about 0.36% of Upstart worth $13,193,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in Upstart during the 3rd quarter worth $35,000. Point72 Hong Kong Ltd bought a new stake in shares of Upstart during the third quarter worth $102,000. Edgestream Partners L.P. acquired a new position in shares of Upstart during the third quarter valued at $727,000. Fred Alger Management LLC boosted its holdings in Upstart by 153.2% in the third quarter. Fred Alger Management LLC now owns 1,246,839 shares of the company’s stock valued at $49,886,000 after acquiring an additional 754,416 shares during the last quarter. Finally, FORA Capital LLC acquired a new stake in Upstart in the third quarter worth about $202,000. 63.01% of the stock is owned by institutional investors.

Insider Buying and Selling at Upstart

In other Upstart news, CFO Sanjay Datta sold 1,500 shares of Upstart stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $79.54, for a total value of $119,310.00. Following the transaction, the chief financial officer now owns 331,093 shares of the company’s stock, valued at approximately $26,335,137.22. The trade was a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Natalia Mirgorodskaya sold 1,411 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $77.36, for a total transaction of $109,154.96. Following the completion of the transaction, the insider now owns 18,596 shares of the company’s stock, valued at $1,438,586.56. This trade represents a 7.05 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 502,939 shares of company stock valued at $28,887,725. Company insiders own 18.06% of the company’s stock.

Wall Street Analysts Forecast Growth

UPST has been the topic of a number of research reports. Needham & Company LLC restated a “hold” rating on shares of Upstart in a research report on Thursday, August 8th. Citigroup raised shares of Upstart from a “neutral” rating to a “buy” rating and raised their price objective for the company from $56.00 to $87.00 in a research note on Friday, November 8th. Piper Sandler raised shares of 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. Wedbush increased their price target on Upstart from $45.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, BTIG Research raised Upstart from a “sell” rating to a “neutral” rating in a research note on Monday, November 11th. One 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, the stock currently has a consensus rating of “Hold” and an average price target of $46.83.

Upstart Stock Up 0.5 %

Shares of UPST stock opened at $78.79 on Monday. The firm has a market capitalization of $7.19 billion, a price-to-earnings ratio of -40.82 and a beta of 1.97. Upstart Holdings, Inc. has a 12-month low of $20.60 and a 12-month high of $86.07. The firm has a fifty day moving average of $55.46 and a 200-day moving average of $38.68.

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.