UPST (Upstart Holdings Inc.) may reap gains as insiders became active recently

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Upstart Holdings Inc.’s filing revealed that its Corporate Controller Mirgorodskaya Natalia unloaded Company’s shares for reported $0.1 million on Sep 01. In the deal valued at $25.23 per share,4,000 shares were sold. As a result of this transaction, Mirgorodskaya Natalia now holds 42,516 shares worth roughly $ 0.79 million.


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Then, Mirgorodskaya Natalia sold 420 shares, generating $11,487 in total proceeds. Upon selling the shares at $27.35, the Corporate Controller now owns 24,602 shares.

Before that, Mirgorodskaya Natalia sold 238 shares. Upstart Holdings Inc. shares valued at $6,498 were divested by the Corporate Controller at a price of $27.30 per share. As a result of the transaction, Mirgorodskaya Natalia now holds 25,022 shares, worth roughly $0.47 million.

Mizuho initiated its Upstart Holdings Inc. [UPST] rating to an Underperform in a research note published on Monday, October 25, 2022; the price target was $17. PT values the company’s stock at a premium of -9.53 to its Monday closing price. A number of analysts have revised their coverage, including Atlantic Equities’s analysts, who decreased its forecast for the stock in mid August from “a Neutral” to “an Underweight”. Goldman also remained covering UPST and has decreased its forecast on July 11, 2022 with a “Sell” recommendation from previously “Neutral” rating. JMP Securities revised its rating on July 08, 2022. It rated UPST as “a Mkt perform” which previously was an “a Mkt outperform”.

Price Performance Review of UPST

On Monday, Upstart Holdings Inc. [NASDAQ:UPST] saw its stock fall -3.87% to $18.62. On the same session, the stock had its day’s lowest price of $17.93, but rose to a high of $19.70. Over the last five days, the stock has lost -19.67%. Upstart Holdings Inc. shares have fallen nearly -87.69% since the year began. Nevertheless, the stocks have fallen -94.38% over the past one year. While a 52-week high of $342.51 was reached on 03/01/22, a 52-week low of $18.81 was recorded on 11/07/22. SMA at 50 days reached $23.19, while 200 days put it at $57.53. A total of 6.26 million shares were traded, compared to the trading of 7.37 million shares in the previous session.

Levels Of Support And Resistance For UPST Stock

The 24-hour chart illustrates a support level at 17.80, which if violated will result in even more drops to 16.98. On the upside, there is a resistance level at 19.57. A further resistance level may holdings at 20.52. The Relative Strength Index (RSI) on the 14-day chart is 34.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.92%. Stochastics %K at 6.86% indicates the stock is a buying.

How much short interest is there in Upstart Holdings Inc.?

A steep rise in short interest was recorded in Upstart Holdings Inc. stocks on Jul 14, 2022, growing by 1.05 million shares to a total of 25.75 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 24.7 million shares. There was a rise of 4.08%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 35.11% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.34.

Upstart Holdings Inc. [UPST] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 5,974,386 shares, or roughly 7.34% of the outstanding UPST shares. In other words, the investor’s shares have risen by 213,360 from its previous 13-F filing of 5761026.0. Additionally, Vulcan Value Partners LLC decreased -44.81% of its stake after which the total value it holdings stand at $83,084,761. Over the last quarter, Morgan Stanley Investment Managem purchased 295,009 shares of Upstart Holdings Inc., while Coatue Management LLC bought 2,362,290 shares. At present, BlackRock Fund Advisors is holding 2,328,966 shares valued at $48.42 million. SSgA Funds Management, Inc. owned 1,319,132 shares of the company at the time of its most recent 13F filing, worth $27.42 million.

According to FactSet, Upstart Holdings Inc.’s share price will average $24.08 in the next year, based on opinions of analysts polled by the firm. This is up nearly 18.74 percent from its previous closing price of $19.37. Analysts expect Upstart Holdings Inc. stock to reach the higher price of $37.00, while the lowest price estimate is $14.00. However, 14 analysts have rated UPST stock as an Underweight in their predictions for 2022.

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