Sunday, June 26, 2022

A company insider recently sold 7,500 shares of Upstart Holdings Inc. [UPST]. Should You Sale?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Upstart Holdings Inc. shares valued at $337,492 were sold by Nicoll Alison on Jun 08. At $45.00 per share, Nicoll Alison sold 7,500 shares. The insider’s holdings dropped to 412,983 shares worth approximately $14.89 million following the completion of this transaction.

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Also, Nicoll Alison sold 7,500 shares, netting a total of over 360,636 in proceeds. Following the sale of shares at $48.08 each, the insider now holds 412,983 shares.

Before that, Nicoll Alison had sold 7,500 shares from its account. In a trade valued at $302,417, the General Counsel and Secretary traded Upstart Holdings Inc. shares for $40.32 each. Upon closing the transaction, the insider’s holdings decreased to 7,500 shares, worth approximately $14.89 million.

As published in a research note from BofA Securities on May 11, 2022, Upstart Holdings Inc. [UPST] has been rated down from a Buy to a Neutral and the price target has been revised to $41 from $255. This represents a 12.07% premium over Wednesday’s closing price. Analysts at Barclays downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in mid May. As of May 11, 2022, Atlantic Equities has decreased its “an Overweight” rating to a “Neutral” for UPST. Earlier on May 10, 2022, Stephens downgraded its rating. Their new recommendation was “an Underweight” for UPST stock which previously was a “an Equal-weight”.

Analyzing UPST’s Price Performance

On Wednesday, Upstart Holdings Inc. [NASDAQ: UPST] plunged -5.70% to $36.05. The stock’s lowest price that day was $35.78, but it reached a high of $39.29 in the same session. During the last five days, there has been a surge of approximately 5.19%. Over the course of the year, Upstart Holdings Inc. shares have dropped approximately -76.17%. Shares of the company reached a 52-week high of $161.00 on 03/01/22 and a 52-week low of $25.43 on 05/11/22. A 50-day SMA is recorded $57.28, while a 200-day SMA reached $160.04. Nevertheless, trading volume fell to 4.32 million shares from 6.19 million shares the previous day.

Support And Resistance Levels for Upstart Holdings Inc. (UPST)

According to the 24-hour chart, there is a support level at 34.79, which, if violated, would cause prices to drop to 33.53. In the upper region, resistance lies at 38.30. The next price resistance is at 40.55. RSI (Relative Strength Index) is 40.19 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.30, which suggests the price will decrease in the coming days. Percent R is at 75.82%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Which companies own the most shares of Upstart Holdings Inc. (UPST)?

According to Vulcan Value Partners LLC filings, the company currently owns 7,241,207 shares, which is about 8.54% of the total UPST shares outstanding. The investor’s shares have appreciated by 2,395,892 from its previous 13-F filing of 4845315.0 shares. With the completion of the buy, The Vanguard Group, Inc.’s stake is now worth $290,355,710. Stone Ridge Asset Management LLC reduced a 0.00% interest valued at $185.77 million while Morgan Stanley Investment Managem purchased a 2,094,482 stake. A total of 122,117 shares of Upstart Holdings Inc. were bought by BlackRock Fund Advisors during the quarter, and 942,109 were bought by Fred Alger Management LLC. In its current portfolio, Global X Management Co. LLC holds 1,038,194 shares valued at $52.32 million.

In terms of Upstart Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $49.92 in the next 12 months, up nearly 15.09% from the previous closing price of $38.23. Analysts anticipate Upstart Holdings Inc. stock to reach $88.00 by 2022, with the lowest price target being $15.00. In spite of this, 13 analysts ranked Upstart Holdings Inc. stock as a Hold at the end of 2022. On May 10, 2022, Piper Sandler assigned a price target of “a Neutral” to the stock and downgraded coverage with a $44.

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