On April 13, 2023 at 14:28:11 ET an unusually large
$1,222.50K block of Put contracts in Upstart Holdings
(UPST) was sold,
with a strike price of $35.00 / share, expiring in 645 day(s) (on January 17, 2025).
Fintel tracks all large options trades, and the premium spent on this trade was 7.79 sigmas above the mean, placing it in the 100.00th percentile of all recent large trades made in UPST options.
This trade was first picked up on Fintel’s real time Unusual Option Trades
tool, where unusual option trades are highlighted.
What is the Fund Sentiment?
There are 489 funds or institutions reporting positions in Upstart Holdings.
This is a decrease
of
81
owner(s) or 14.21% in the last quarter.
Average portfolio weight of all funds dedicated to UPST is 0.05%,
a decrease
of 32.67%.
Total shares owned by institutions decreased
in the last three months by 4.92% to 32,173K shares.
The put/call ratio of UPST is 0.95, indicating a
bullish
outlook.
Analyst Price Forecast Suggests 25.62% Downside
As of April 6, 2023,
the average one-year price target for Upstart Holdings is $12.19.
The forecasts range from a low of $6.06 to a high of $19.88.
The average price target represents a decrease of 25.62% from its latest reported closing price of $16.39.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Upstart Holdings
is $748MM, a decrease of 12.35%.
The projected annual non-GAAP EPS
is $0.13.
What are Other Shareholders Doing?
NATIONWIDE MUTUAL FUNDS – Nationwide Multi-Cap Portfolio Class R6
holds 4K shares
representing 0.01% ownership of the company.
In it’s prior filing, the firm reported owning 4K shares, representing
an increase
of 0.15%.
The firm
decreased
its portfolio allocation in UPST by 23.20% over the last quarter.
MPGAX – MassMutual Premier Disciplined Growth Fund
holds 7K shares
representing 0.01% ownership of the company.
In it’s prior filing, the firm reported owning 3K shares, representing
an increase
of 54.80%.
The firm
increased
its portfolio allocation in UPST by 60.33% over the last quarter.
IUSS – Invesco RAFI(TM) Strategic US Small Company ETF
holds 1K shares
representing 0.00% ownership of the company.
In it’s prior filing, the firm reported owning 1K shares, representing
an increase
of 18.45%.
The firm
decreased
its portfolio allocation in UPST by 28.42% over the last quarter.
Tidal ETF Trust – SoFi Web 3 ETF
holds 0K shares
representing 0.00% ownership of the company.
In it’s prior filing, the firm reported owning 0K shares, representing
an increase
of 55.47%.
Hsbc Holdings
holds 43K shares
representing 0.05% ownership of the company.
In it’s prior filing, the firm reported owning 45K shares, representing
a decrease
of 4.39%.
The firm
decreased
its portfolio allocation in UPST by 57.62% over the last quarter.
Upstart Holdings Background Information
(This description is provided by the company.)
Upstart is a leading AI lending platform partnering with banks to expand access to affordable credit. By leveraging Upstart’s AI platform, Upstart- powered banks can have higher approval rates and lower loss rates, while simultaneously delivering the exceptional digital-first lending experience their customers demand. More than two-thirds of Upstart loans are approved instantly and are fully automated. Upstart was founded by ex-Googlers in 2012 and is based in San Mateo, California and Columbus, Ohio.
See all Upstart Holdings regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
