Gryphon Financial Partners LLC reduced its holdings in shares of Upstart Holdings, Inc. (NASDAQ:UPST – Free Report) by 25.0% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 30,000 shares of the company’s stock after selling 10,000 shares during the period. Gryphon Financial Partners LLC’s holdings in Upstart were worth $708,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the business. Anfield Capital Management LLC purchased a new stake in shares of Upstart in the 2nd quarter valued at approximately $33,000. Benjamin F. Edwards & Company Inc. increased its position in shares of Upstart by 80.6% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,743 shares of the company’s stock valued at $47,000 after purchasing an additional 778 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Upstart by 259.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,204 shares of the company’s stock valued at $52,000 after purchasing an additional 1,590 shares during the last quarter. BOCHK Asset Management Ltd purchased a new stake in shares of Upstart in the 4th quarter valued at approximately $61,000. Finally, Comerica Bank increased its position in shares of Upstart by 144.0% in the 1st quarter. Comerica Bank now owns 2,313 shares of the company’s stock valued at $62,000 after purchasing an additional 1,365 shares during the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Upstart
In other news, CFO Sanjay Datta sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $27.80, for a total value of $27,800.00. Following the completion of the sale, the chief financial officer now directly owns 374,398 shares of the company’s stock, valued at approximately $10,408,264.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Natalia Mirgorodskaya sold 1,264 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $38.36, for a total transaction of $48,487.04. Following the sale, the insider now owns 24,557 shares of the company’s stock, valued at approximately $942,006.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sanjay Datta sold 1,000 shares of Upstart stock in a transaction on Monday, July 15th. The stock was sold at an average price of $27.80, for a total value of $27,800.00. Following the transaction, the chief financial officer now directly owns 374,398 shares of the company’s stock, valued at $10,408,264.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 157,959 shares of company stock valued at $5,938,419. 18.06% of the stock is owned by corporate insiders.
Analyst Ratings Changes
View Our Latest Stock Analysis on UPST
Upstart Price Performance
Shares of NASDAQ UPST opened at $35.45 on Tuesday. The company has a market cap of $3.17 billion, a PE ratio of -17.08 and a beta of 2.02. The stock has a fifty day moving average price of $32.00 and a 200 day moving average price of $27.16. Upstart Holdings, Inc. has a 1-year low of $19.84 and a 1-year high of $49.62.
Upstart (NASDAQ:UPST – Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported ($0.17) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.22. Upstart had a negative net margin of 38.05% and a negative return on equity of 32.01%. The company had revenue of $127.63 million during the quarter, compared to analysts’ expectations of $124.55 million. During the same quarter last year, the business earned ($0.34) EPS. The business’s revenue was down 6.0% on a year-over-year basis. Analysts anticipate that Upstart Holdings, Inc. will post -2.39 earnings per share for the current fiscal 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.
Featured Articles
- Five stocks we like better than Upstart
- Should You Add These Warren Buffett Stocks to Your Portfolio?
- Top Stress-Free Stock Picks to Secure Your Portfolio This Fall
- Investing in Travel Stocks Benefits
- Amazon Stock is a Red Hot Bargain (For Now)
- 3 Natural Gas Stocks That Offer Great Dividend Yields
- AI Disrupts SaaS: Salesforce, Workday Navigate Industry Shift
Want to see what other hedge funds are holding UPST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Upstart Holdings, Inc. (NASDAQ:UPST – Free Report).
Receive News & Ratings for Upstart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Upstart and related companies with MarketBeat.com's FREE daily email newsletter.