Perigon Wealth Management LLC Purchases Shares of 26,276 Upstart Holdings, Inc. $UPST

Posted by Francis Steltz on Aug 19th, 2026

Perigon Wealth Management LLC acquired a new position in shares of Upstart Holdings, Inc. (NASDAQ:UPST – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,276 shares of the company’s stock, valued at approximately $931,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Upstart in the 2nd quarter worth about $296,000. Simplicity Wealth LLC acquired a new stake in shares of Upstart during the 2nd quarter worth about $381,000. Alberta Investment Management Corp bought a new position in Upstart during the 2nd quarter valued at about $8,461,000. SCS Capital Management LLC bought a new position in Upstart during the 2nd quarter valued at about $1,240,000. Finally, Bank of New York Mellon Corp acquired a new position in Upstart in the second quarter valued at about $9,681,000. 63.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on UPST shares. B. Riley Financial decreased their price objective on shares of Upstart from $66.00 to $54.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. The Goldman Sachs Group lifted their target price on shares of Upstart from $32.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Citigroup reduced their target price on Upstart from $80.00 to $61.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. Jefferies Financial Group restated a “hold” rating and set a $30.00 price target on shares of Upstart in a research report on Tuesday, June 9th. Finally, Morgan Stanley set a $35.00 price target on Upstart in a report on Thursday, May 7th. Eight investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $44.40.

Get Our Latest Report on Upstart

Insider Activity at Upstart

In related news, insider Sanjay Datta sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $30.41, for a total value of $456,150.00. Following the completion of the sale, the insider owned 313,556 shares of the company’s stock, valued at $9,535,237.96. This trade represents a 4.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Natalia Mirgorodskaya sold 974 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $28.99, for a total transaction of $28,236.26. Following the completion of the transaction, the insider owned 37,374 shares of the company’s stock, valued at $1,083,472.26. This trade represents a 2.54% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.29% of the stock is owned by corporate insiders.

Upstart Stock Down 2.2%

Shares of NASDAQ UPST opened at $29.11 on Wednesday. The firm’s 50-day simple moving average is $30.97 and its 200 day simple moving average is $30.45. The company has a market cap of $2.83 billion, a price-to-earnings ratio of 59.41, a price-to-earnings-growth ratio of 1.07 and a beta of 2.29. Upstart Holdings, Inc. has a 12-month low of $23.97 and a 12-month high of $76.95.

Upstart (NASDAQ:UPST – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.02). Upstart had a net margin of 4.84% and a return on equity of 7.13%. The company had revenue of $364.71 million during the quarter, compared to analyst estimates of $354.74 million. During the same quarter in the previous year, the business posted $0.36 EPS. The company’s revenue was up 41.9% compared to the same quarter last year. On average, equities analysts expect that Upstart Holdings, Inc. will post 0.72 earnings per share for the current year.

Upstart Profile

(Free Report)

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.