Taking a Closer Look At Upstart Holdings Inc. (UPST) Following Its Recent Trade


Upstart Holdings Inc.’s recent filing unveils that its Chief Technology Offier Gu Paul unloaded Company’s shares for reported $0.65 million on Sep 01. In the deal valued at $32.33 per share,20,000 shares were sold. As a result of this transaction, Gu Paul now holds 867,576 shares worth roughly $ 29.06 million.

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Then, Mirgorodskaya Natalia sold 5,604 shares, generating $180,225 in total proceeds. Upon selling the shares at $32.16, the Corporate Controller now owns 34,714 shares.

Before that, Darling Scott sold 1,670 shares. Upstart Holdings Inc. shares valued at $49,966 were divested by the Chief Legal Officer at a price of $29.92 per share. As a result of the transaction, Darling Scott now holds 184,588 shares, worth roughly $6.18 million.

B. Riley Securities initiated its Upstart Holdings Inc. [UPST] rating to a Neutral in a research note published on Tuesday, July 27, 2023; the price target was $49. PT values the company’s stock at a premium of 31.63 to its Tuesday closing price.

Price Performance Review of UPST

On Tuesday, Upstart Holdings Inc. [NASDAQ:UPST] saw its stock jump 1.67% to $33.50. On the same session, the stock had its day’s lowest price of $32.03, but rose to a high of $33.63. Over the last five days, the stock has gained 13.64%. Upstart Holdings Inc. shares have risen nearly 153.40% since the year began. Nevertheless, the stocks have risen 29.09% over the past one year. While a 52-week high of $72.58 was reached on 08/01/23, a 52-week low of $11.93 was recorded on 05/03/23. SMA at 50 days reached $43.60, while 200 days put it at $24.97. A total of 4.25 million shares were traded, compared to the trading of 5.16 million shares in the previous session.

Levels Of Support And Resistance For UPST Stock

The 24-hour chart illustrates a support level at 32.48, which if violated will result in even more drops to 31.45. On the upside, there is a resistance level at 34.08. A further resistance level may holdings at 34.65. The Relative Strength Index (RSI) on the 14-day chart is 41.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.84, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 18.01%. Stochastics %K at 67.33% indicates the stock is a holding.

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

A steep rise in short interest was recorded in Upstart Holdings Inc. stocks on Aug 14, 2023, dropping by -2.9 million shares to a total of 22.96 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 25.86 million shares. There was a decline of -12.63%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 31.62% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.56.

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

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 6,563,405 shares, or roughly 7.94% of the outstanding UPST shares. In other words, the investor’s shares have risen by 246,711 from its previous 13-F filing of 6316694.0. Additionally, BlackRock Fund Advisors increased 65.10% of its stake after which the total value it holdings stand at $307,338,911, while D. E. Shaw & Co. LP added 11,436.88% of its stake to hold $177.05 million in the firm. Over the last quarter, BMO Asset Management, Inc. purchased 2,030,216 shares of Upstart Holdings Inc., while SSgA Funds Management, Inc. bought 556,568 shares. At present, Coatue Management LLC is holding 1,664,843 shares valued at $114.36 million. Geode Capital Management LLC owned 1,436,577 shares of the company at the time of its most recent 13F filing, worth $98.68 million.

According to FactSet, Upstart Holdings Inc.’s share price will average $24.67 in the next year, based on opinions of analysts polled by the firm. This is down nearly -39.3 percent from its previous closing price of $32.95. Analysts expect Upstart Holdings Inc. stock to reach the higher price of $64.00, while the lowest price estimate is $6.00. However, 16 analysts have rated UPST stock as an Underweight in their predictions for 2023.


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