Upstart Holdings, Inc. (NASDAQ:UPST – Get Free Report) insider Sanjay Datta sold 8,945 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $28.09, for a total transaction of $251,265.05. Following the sale, the insider directly owned 292,578 shares in the company, valued at $8,218,516.02. This represents a 2.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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):
- On Wednesday, August 19th, Sanjay Datta sold 10,000 shares of Upstart stock. The shares were sold at an average price of $31.46, for a total transaction of $314,600.00.
- 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 value of $59,688.88.
- On Tuesday, June 9th, Sanjay Datta sold 15,000 shares of Upstart stock. The stock was sold at an average price of $30.41, for a total value of $456,150.00.
Upstart Price Performance
NASDAQ UPST opened at $30.30 on Monday. The stock’s 50 day simple moving average is $30.91 and its 200 day simple moving average is $30.23. Upstart Holdings, Inc. has a one year low of $23.97 and a one year high of $76.95. The firm has a market cap of $2.95 billion, a PE ratio of 61.84, a price-to-earnings-growth ratio of 1.07 and a beta of 2.29.
Hedge Funds Weigh In On Upstart
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cresset Asset Management LLC increased its position in shares of Upstart by 3.3% in the 2nd quarter. Cresset Asset Management LLC now owns 5,241 shares of the company’s stock valued at $339,000 after buying an additional 169 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Upstart by 29.1% during the second quarter. Daiwa Securities Group Inc. now owns 1,068 shares of the company’s stock worth $69,000 after acquiring an additional 241 shares in the last quarter. Advisory Services Network LLC lifted its holdings in Upstart by 5.3% during the second quarter. Advisory Services Network LLC now owns 5,399 shares of the company’s stock worth $349,000 after acquiring an additional 272 shares in the last quarter. California State Teachers Retirement System grew its stake in Upstart by 0.4% in the second quarter. California State Teachers Retirement System now owns 76,368 shares of the company’s stock valued at $4,939,000 after acquiring an additional 332 shares during the period. Finally, NewEdge Advisors LLC grew its stake in Upstart by 20.0% in the first quarter. NewEdge Advisors LLC now owns 1,997 shares of the company’s stock valued at $92,000 after acquiring an additional 333 shares during the period. 63.01% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of research analysts recently issued reports on the company. Wall Street Zen raised Upstart from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Needham & Company LLC increased 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. Truist Financial set a $40.00 price objective on shares of Upstart in a research report on Wednesday, May 6th. Weiss Ratings upgraded shares of Upstart from a “sell (d)” rating to a “hold (c-)” rating in a research report on Monday, August 17th. Finally, B. Riley Financial reduced their target price on shares of Upstart from $66.00 to $54.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Eight equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $44.40.
Check Out Our Latest Analysis on Upstart
Trending Headlines about Upstart
Here are the key news stories impacting Upstart this week:
- Positive Sentiment: Planned Upstart Bank is the main bullish catalyst. CEO Paul Gu said Upstart expects to launch Upstart Bank early next year as part of the company’s “second leg” of development. Management believes the bank could improve access to funding, increase control over loan origination, and support expansion into secured products such as home and auto lending. Upstart Is Up After Announcing Plans to Launch Upstart Bank
- Positive Sentiment: Some analysts see meaningful upside. A recent analysis estimated that UPST could be approximately 28% undervalued if management can make its AI lending platform consistently profitable and successfully broaden into secured credit. The company’s consensus price target of $44.40 also remains above recent trading levels, although the average rating is “Hold.” Upstart Could Be 28% Undervalued
- Neutral Sentiment: Recent insider sales appear primarily tax-related. Sanjay Datta sold 10,000 shares for approximately $314,600 on August 19 and another 8,945 shares for about $251,265 on August 20. Natalia Mirgorodskaya sold 586 shares for approximately $16,461, while CFO Andrea Blankmeyer also reported August sales. The filings state that the transactions covered tax withholding obligations tied to vested equity awards, making them a weaker bearish signal; the executives retained significant holdings. SEC Insider Trading Filing
- Negative Sentiment: Profitability and valuation remain risks. Upstart’s latest quarterly EPS of $0.16 missed the $0.18 consensus estimate, despite revenue growing 41.9% year over year to $364.71 million. With a relatively high earnings multiple and recent share-price weakness, investors may remain cautious until the bank strategy produces sustained profits. Why Upstart Stock Slid
About Upstart
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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