Upstart (NASDAQ:UPST) Insider Sells $18,926.70 in Stock

Upstart Holdings, Inc. (NASDAQ:UPST) insider Natalia Mirgorodskaya sold 633 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $29.90, for a total value of $18,926.70. Following the completion of the transaction, the insider directly owned 26,155 shares in the company, valued at $782,034.50. This trade represents a 2.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Upstart Trading Up 3.2%

Shares of UPST traded up $0.88 during midday trading on Tuesday, reaching $28.14. 4,251,041 shares of the company were exchanged, compared to its average volume of 5,279,858. Upstart Holdings, Inc. has a 1-year low of $26.80 and a 1-year high of $87.30. The stock has a 50-day moving average price of $42.52 and a 200-day moving average price of $49.84. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 67.00, a P/E/G ratio of 0.76 and a beta of 2.38.

Upstart (NASDAQ:UPST) last announced its earnings results on Tuesday, February 10th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.15 by $0.02. The business had revenue of $296.09 million for the quarter, compared to the consensus estimate of $288.54 million. Upstart had a return on equity of 6.30% and a net margin of 5.13%.The company’s revenue was up 35.2% on a year-over-year basis. During the same period last year, the business posted $0.26 EPS. Equities research analysts anticipate that Upstart Holdings, Inc. will post -0.03 earnings per share for the current year.

Upstart announced that its board has authorized a share buyback plan on Thursday, February 19th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to repurchase up to 3.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Institutional Trading of Upstart

Institutional investors have recently added to or reduced their stakes in the business. Clearstead Advisors LLC bought a new position in shares of Upstart in the 3rd quarter worth about $25,000. Bayforest Capital Ltd acquired a new stake in Upstart during the fourth quarter worth about $25,000. Quarry LP raised its stake in Upstart by 749.2% during the third quarter. Quarry LP now owns 501 shares of the company’s stock worth $25,000 after acquiring an additional 442 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Upstart by 132.2% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 771 shares of the company’s stock worth $39,000 after acquiring an additional 439 shares during the last quarter. Finally, Empowered Funds LLC acquired a new position in Upstart in the fourth quarter valued at approximately $40,000. Institutional investors own 63.01% of the company’s stock.

Analyst Ratings Changes

UPST has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Upstart from $88.00 to $65.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. Citigroup downgraded Upstart from a “buy” rating to a “strong sell” rating in a report on Friday, February 13th. Compass Point upgraded Upstart from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $20.00 to $30.00 in a report on Tuesday, February 17th. Bank of America cut their target price on Upstart from $81.00 to $71.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th. Finally, The Goldman Sachs Group upgraded Upstart from a “sell” rating to a “neutral” rating and reduced their target price for the company from $44.00 to $35.00 in a research note on Friday, February 13th. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, Upstart currently has an average rating of “Hold” and an average target price of $49.50.

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.