Upstart (NASDAQ:UPST) Insider Sells $314,600.00 in Stock

Upstart Holdings, Inc. (NASDAQ:UPST – Get Free Report) insider Sanjay Datta sold 10,000 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $31.46, for a total transaction of $314,600.00. Following the transaction, the insider owned 301,523 shares in the company, valued at approximately $9,485,913.58. The trade was a 3.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Sanjay Datta also recently made the following trade(s):

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• On Thursday, August 20th, Sanjay Datta sold 8,945 shares of Upstart stock. The shares were sold at an average price of $28.09, for a total transaction of $251,265.05.
• On Monday, August 17th, Sanjay Datta sold 2,033 shares of Upstart stock. The stock was sold at an average price of $29.36, for a total transaction of $59,688.88.
• On Tuesday, June 9th, Sanjay Datta sold 15,000 shares of Upstart stock. The shares were sold at an average price of $30.41, for a total transaction of $456,150.00.

Upstart Stock Performance

NASDAQ:UPST traded up $1.44 during mid-day trading on Friday, hitting $30.30. The company had a trading volume of 4,623,760 shares, compared to its average volume of 4,801,834. Upstart Holdings, Inc. has a fifty-two week low of $23.97 and a fifty-two week high of $76.95. The firm has a market cap of $2.95 billion, a P/E ratio of 61.84, a P/E/G ratio of 1.08 and a beta of 2.29. The business’s fifty day moving average is $30.92 and its two-hundred day moving average is $30.30.

Upstart (NASDAQ:UPST – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). The firm had revenue of $364.71 million during the quarter, compared to analyst estimates of $354.74 million. Upstart had a net margin of 4.84% and a return on equity of 7.13%. The business’s revenue was up 41.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.36 earnings per share. Equities analysts forecast that Upstart Holdings, Inc. will post 0.72 earnings per share for the current year.

Hedge Funds Weigh In On Upstart

A number of large investors have recently made changes to their positions in the company. Halter Ferguson Financial Inc. raised its stake in Upstart by 102.2% in the 4th quarter. Halter Ferguson Financial Inc. now owns 415,321 shares of the company’s stock worth $18,162,000 after purchasing an additional 209,915 shares in the last quarter. Azora Capital LP bought a new stake in Upstart in the 4th quarter valued at about $38,580,000. Maxi Investments CY Ltd acquired a new position in shares of Upstart during the 4th quarter worth approximately $8,457,000. Norges Bank acquired a new position in shares of Upstart during the 4th quarter worth approximately $49,915,000. Finally, First Trust Advisors LP increased its holdings in shares of Upstart by 17.2% during the first quarter. First Trust Advisors LP now owns 373,455 shares of the company’s stock worth $9,579,000 after purchasing an additional 54,908 shares during the period. Institutional investors own 63.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on UPST shares. Morgan Stanley set a $35.00 price target on Upstart in a research report on Thursday, May 7th. Piper Sandler increased their target price on shares of Upstart from $46.00 to $51.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Weiss Ratings raised Upstart from a “sell (d)” rating to a “hold (c-)” rating in a research report on Monday. Mizuho set a $45.00 price objective on shares of Upstart in a research report on Friday, May 8th. Finally, Needham & Company LLC lifted their target price on Upstart from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Eight investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $44.40.

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About Upstart

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Upstart Holdings, Inc operates a cloud-based lending marketplace that leverages artificial intelligence and machine learning to assess borrower creditworthiness. The company partners with banks and credit unions, providing its proprietary AI models and underwriting platform to facilitate consumer credit products. By focusing on non‐traditional data points—such as education, employment history and other real‐time indicators—Upstart seeks to improve approval rates and lower loss rates compared with conventional credit scoring methods.

Upstart’s core offering centers on unsecured personal loans, which borrowers can use for purposes such as debt consolidation, home improvements or major purchases.

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