Taking a look at what insiders are doing to gauge the Upstart Holdings Inc. (UPST)’s direction

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 $100,920 were sold by Mirgorodskaya Natalia on Sep 01. At $25.23 per share, Mirgorodskaya Natalia sold 4,000 shares. The insider’s holdings dropped to 42,516 shares worth approximately $0.97 million following the completion of this transaction.

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Also, Mirgorodskaya Natalia sold 420 shares, netting a total of over 11,487 in proceeds. Following the sale of shares at $27.35 each, the insider now holds 24,602 shares.

Before that, Mirgorodskaya Natalia had sold 238 shares from its account. In a trade valued at $6,498, the Corporate Controller traded Upstart Holdings Inc. shares for $27.30 each. Upon closing the transaction, the insider’s holdings decreased to 238 shares, worth approximately $0.57 million.

As published in a research note from Atlantic Equities on August 11, 2022, Upstart Holdings Inc. [UPST] has been rated down from a Neutral to an Underweight and the price target has been revised to $22 from $32. This represents a -3.95% premium over Wednesday’s closing price. Analysts at Goldman downgraded the stock from ‘”a Neutral”‘ to ‘”a Sell”‘ outlook in a report released in mid July. As of July 08, 2022, JMP Securities has decreased its “Mkt outperform” rating to a “Mkt perform” for UPST. Earlier on June 29, 2022, Morgan Stanley 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 -0.69% to $22.87. The stock’s lowest price that day was $22.57, but it reached a high of $24.99 in the same session. During the last five days, there has been a drop of approximately -9.64%. Over the course of the year, Upstart Holdings Inc. shares have dropped approximately -84.88%. Shares of the company reached a 52-week high of $161.00 on 03/01/22 and a 52-week low of $22.42 on 07/26/22. A 50-day SMA is recorded $27.13, while a 200-day SMA reached $76.90. Nevertheless, trading volume fell to 9.72 million shares from 6.53 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 21.96, which, if violated, would cause prices to drop to 21.06. In the upper region, resistance lies at 24.38. The next price resistance is at 25.90. RSI (Relative Strength Index) is 38.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.16, which suggests the price will decrease in the coming days. Percent R is at 95.57%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Upstart Holdings Inc. subject to short interest?

Stocks of Upstart Holdings Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 1.05 million shares to 25.75 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 24.7 million shares. A jump of 4.08% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.34 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.34.

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

According to The Vanguard Group, Inc. filings, the company currently owns 5,974,386 shares, which is about 7.34% of the total UPST shares outstanding. The investor’s shares have appreciated by 213,360 from its previous 13-F filing of 5761026.0 shares. With the completion of the sale transaction, Vulcan Value Partners LLC’s stake is now worth $103,506,268. A total of 2,362,290 shares of Upstart Holdings Inc. were bought by Coatue Management LLC during the quarter, and 386,475 were bought by BlackRock Fund Advisors. In its current portfolio, SSgA Funds Management, Inc. holds 1,319,132 shares valued at $34.17 million.

In terms of Upstart Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $26.17 in the next 12 months, up nearly 6.38% from the previous closing price of $23.03. Analysts anticipate Upstart Holdings Inc. stock to reach $38.00 by 2022, with the lowest price target being $14.00. In spite of this, 13 analysts ranked Upstart Holdings Inc. stock as a Hold at the end of 2022. On May 11, 2022, BofA Securities assigned a price target of “a Neutral” to the stock and downgraded coverage with a $41.


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