Upstart Holdings, Inc. $UPST Stake Reduced by Harbour Investments Inc.

Harbour Investments Inc. trimmed its stake in Upstart Holdings, Inc. (NASDAQ:UPST) by 20.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 10,830 shares of the company’s stock after selling 2,792 shares during the quarter. Harbour Investments Inc.’s holdings in Upstart were worth $700,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of UPST. Invesco Ltd. increased its holdings in shares of Upstart by 79.0% in the 1st quarter. Invesco Ltd. now owns 1,270,352 shares of the company’s stock worth $58,474,000 after acquiring an additional 560,668 shares during the period. Driehaus Capital Management LLC grew its position in Upstart by 71.5% in the 1st quarter. Driehaus Capital Management LLC now owns 1,215,237 shares of the company’s stock worth $55,937,000 after purchasing an additional 506,787 shares during the last quarter. Nuveen LLC bought a new position in Upstart in the 1st quarter worth about $19,098,000. KADENSA CAPITAL Ltd acquired a new stake in shares of Upstart in the first quarter valued at approximately $18,972,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Upstart by 48.7% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 677,049 shares of the company’s stock valued at $31,165,000 after buying an additional 221,881 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Wall Street Analysts Forecast Growth

UPST has been the subject of a number of recent analyst reports. The Goldman Sachs Group decreased their price objective on Upstart from $78.00 to $54.00 and set a “sell” rating for the company in a report on Monday, October 13th. Piper Sandler increased their price target on Upstart from $75.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. Needham & Company LLC reissued a “buy” rating and set a $82.00 price target (up from $70.00) on shares of Upstart in a report on Wednesday, August 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Upstart in a report on Wednesday, October 8th. Finally, Morgan Stanley reiterated an “equal weight” rating on shares of Upstart in a research report on Wednesday, August 6th. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $79.67.

Upstart Price Performance

NASDAQ UPST opened at $46.50 on Monday. The company has a market capitalization of $4.47 billion, a P/E ratio of -581.25 and a beta of 2.28. Upstart Holdings, Inc. has a 12 month low of $31.40 and a 12 month high of $96.43. The company’s 50 day simple moving average is $61.35 and its 200 day simple moving average is $59.02.

Upstart (NASDAQ:UPST) last announced its earnings results on Tuesday, August 5th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.27 by $0.09. Upstart had a negative return on equity of 5.95% and a negative net margin of 0.75%.The business had revenue of $257.29 million during the quarter, compared to the consensus estimate of $225.35 million. During the same period in the prior year, the business posted ($0.17) earnings per share. Upstart’s revenue was up 101.6% compared to the same quarter last year. Upstart has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts anticipate that Upstart Holdings, Inc. will post -0.03 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Dave Girouard sold 41,667 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $64.93, for a total value of $2,705,438.31. Following the transaction, the chief executive officer directly owned 52,614 shares of the company’s stock, valued at approximately $3,416,227.02. This represents a 44.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kerry Whorton Cooper sold 500 shares of Upstart stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $69.21, for a total value of $34,605.00. Following the sale, the director owned 25,434 shares of the company’s stock, valued at approximately $1,760,287.14. This represents a 1.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 106,214 shares of company stock worth $6,803,558. Insiders own 16.67% of the company’s stock.

Upstart Profile

Upstart Holdings, Inc, together with its subsidiaries, operates a cloud-based artificial intelligence (AI) lending platform in the United States. Its platform includes personal loans, automotive retail and refinance loans, home equity lines of credit, and small dollar loans that connects consumer demand for loans to its to bank and credit unions.