Insider Selling: Upstart (NASDAQ:UPST) Insider Sells 8,945 Shares of Stock

Upstart Holdings, Inc. (NASDAQ:UPST) insider Sanjay Datta sold 8,945 shares of Upstart stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $28.09, for a total transaction of $251,265.05. Following the completion of the transaction, the insider owned 292,578 shares in the company, valued at approximately $8,218,516.02. This trade represents a 2.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 value 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 transaction 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 transaction of $456,150.00.

Upstart Stock Performance

Shares of NASDAQ:UPST traded up $1.44 during mid-day trading on Friday, hitting $30.30. 4,623,760 shares of the company traded hands, compared to its average volume of 4,801,834. The firm’s 50 day simple moving average is $30.92 and its 200 day simple moving average is $30.30. The firm has a market cap of $2.95 billion, a P/E ratio of 61.84, a PEG ratio of 1.08 and a beta of 2.29. Upstart Holdings, Inc. has a 52-week low of $23.97 and a 52-week high of $76.95.

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. B. Riley Financial cut their price target on Upstart from $66.00 to $54.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Mizuho set a $45.00 target price on Upstart in a research note on Friday, May 8th. Piper Sandler raised their price target on shares of Upstart from $46.00 to $51.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Citigroup dropped their price target on shares of Upstart from $80.00 to $61.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. Finally, Wall Street Zen raised shares of Upstart from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Eight analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $44.40.

Hedge Funds Weigh In On Upstart

Several large investors have recently added to or reduced their stakes in the company. Bayforest Capital Ltd bought a new stake in Upstart during the fourth quarter valued at $25,000. Quarry LP grew its position in shares of Upstart by 749.2% during the 3rd quarter. Quarry LP now owns 501 shares of the company’s stock valued at $25,000 after buying an additional 442 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Upstart by 132.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 771 shares of the company’s stock valued at $39,000 after buying an additional 439 shares during the last quarter. Empowered Funds LLC acquired a new stake in Upstart during the fourth quarter worth about $40,000. Finally, Bogart Wealth LLC acquired a new position in Upstart in the fourth quarter valued at approximately $44,000. 63.01% of the stock is currently owned by institutional investors.

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.