Upstart Holdings, Inc. (NASDAQ:UPST – Get Free Report) insider Natalia Mirgorodskaya sold 586 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $28.09, for a total transaction of $16,460.74. Following the completion of the sale, the insider owned 36,788 shares of the company’s stock, valued at approximately $1,033,374.92. This represents a 1.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Natalia Mirgorodskaya also recently made the following trade(s):
- On Tuesday, May 26th, Natalia Mirgorodskaya sold 974 shares of Upstart stock. The stock was sold at an average price of $28.99, for a total transaction of $28,236.26.
Upstart Stock Up 5.0%
UPST stock traded up $1.44 during trading on Friday, reaching $30.30. The stock had a trading volume of 4,623,760 shares, compared to its average volume of 4,801,834. Upstart Holdings, Inc. has a one year low of $23.97 and a one year high of $76.95. The company’s 50 day moving average is $30.92 and its two-hundred day moving average is $30.30. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 61.84, a P/E/G ratio of 1.08 and a beta of 2.29.
Institutional Investors Weigh In On Upstart
Several large investors have recently added to or reduced their stakes in UPST. Cresset Asset Management LLC raised its holdings in Upstart by 3.3% in the 2nd quarter. Cresset Asset Management LLC now owns 5,241 shares of the company’s stock worth $339,000 after acquiring an additional 169 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in Upstart by 29.1% during the 2nd quarter. Daiwa Securities Group Inc. now owns 1,068 shares of the company’s stock valued at $69,000 after purchasing an additional 241 shares during the last quarter. Advisory Services Network LLC boosted its stake in Upstart by 5.3% during the 2nd quarter. Advisory Services Network LLC now owns 5,399 shares of the company’s stock valued at $349,000 after purchasing an additional 272 shares during the last quarter. California State Teachers Retirement System increased its holdings in shares of Upstart by 0.4% in the 2nd quarter. California State Teachers Retirement System now owns 76,368 shares of the company’s stock worth $4,939,000 after purchasing an additional 332 shares in the last quarter. Finally, NewEdge Advisors LLC increased its holdings in shares of Upstart by 20.0% in the 1st quarter. NewEdge Advisors LLC now owns 1,997 shares of the company’s stock worth $92,000 after purchasing an additional 333 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on UPST. Citigroup dropped their price target on Upstart from $80.00 to $61.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. Morgan Stanley set a $35.00 target price on Upstart in a research report on Thursday, May 7th. Weiss Ratings upgraded Upstart from a “sell (d)” rating to a “hold (c-)” rating in a research note on Monday. B. Riley Financial reduced their price target on shares of Upstart from $66.00 to $54.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Finally, Needham & Company LLC raised their price objective on shares of Upstart from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Eight investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $44.40.
Upstart Company Profile
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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