Gryphon Financial Partners LLC Cuts Stock Holdings in Upstart Holdings, Inc. (NASDAQ:UPST)

Gryphon Financial Partners LLC lowered its stake in Upstart Holdings, Inc. (NASDAQ:UPST) by 2.0% during the 4th quarter, Holdings Channel reports. The firm owned 24,504 shares of the company’s stock after selling 496 shares during the quarter. Gryphon Financial Partners LLC’s holdings in Upstart were worth $1,509,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in UPST. SBI Securities Co. Ltd. bought a new position in Upstart during the fourth quarter valued at approximately $1,015,000. Jones Financial Companies Lllp boosted its position in shares of Upstart by 3.1% during the 4th quarter. Jones Financial Companies Lllp now owns 5,511 shares of the company’s stock valued at $339,000 after acquiring an additional 167 shares during the last quarter. Bailard Inc. grew its holdings in shares of Upstart by 0.5% in the fourth quarter. Bailard Inc. now owns 38,759 shares of the company’s stock valued at $2,386,000 after purchasing an additional 212 shares in the last quarter. US Bancorp DE increased its position in Upstart by 18.5% in the fourth quarter. US Bancorp DE now owns 10,704 shares of the company’s stock worth $659,000 after purchasing an additional 1,672 shares during the last quarter. Finally, SVB Wealth LLC purchased a new stake in Upstart during the fourth quarter valued at $1,306,000. Institutional investors own 63.01% of the company’s stock.

Upstart Price Performance

Shares of UPST opened at $66.67 on Monday. The firm has a market capitalization of $6.25 billion, a price-to-earnings ratio of -45.66 and a beta of 2.25. The company has a 50-day moving average of $67.63 and a 200 day moving average of $58.67. Upstart Holdings, Inc. has a 1-year low of $20.60 and a 1-year high of $96.43.

Upstart (NASDAQ:UPST) last announced its quarterly earnings results on Tuesday, February 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating 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%. On average, equities analysts anticipate that Upstart Holdings, Inc. will post -0.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

UPST has been the subject of a number of recent research reports. B. Riley raised shares of Upstart from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $49.00 to $105.00 in a research note on Wednesday, February 12th. The Goldman Sachs Group boosted their price objective on Upstart from $13.50 to $15.00 and gave the stock a “sell” rating in a research note on Wednesday, February 12th. Morgan Stanley upgraded Upstart from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $12.00 to $70.00 in a report on Friday, February 14th. JPMorgan Chase & Co. upgraded Upstart from an “underweight” rating to a “neutral” rating and increased their price target for the company from $57.00 to $79.00 in a report on Wednesday, February 12th. Finally, Needham & Company LLC lifted their price objective on shares of Upstart from $100.00 to $108.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $73.38.

Insider Transactions at Upstart

In related news, CFO Sanjay Datta sold 16,070 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $79.02, for a total value of $1,269,851.40. Following the completion of the transaction, the chief financial officer now owns 295,537 shares of the company’s stock, valued at $23,353,333.74. The trade was a 5.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Dave Girouard sold 4,524 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $79.01, for a total value of $357,441.24. Following the sale, the chief executive officer now owns 52,614 shares of the company’s stock, valued at approximately $4,157,032.14. This represents a 7.92 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 79,081 shares of company stock valued at $5,548,607. 18.06% of the stock is currently owned by corporate insiders.

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.