Quantbot Technologies LP Makes New Investment in Upstart Holdings, Inc. $UPST

Quantbot Technologies LP bought a new position in Upstart Holdings, Inc. (NASDAQ:UPST) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 32,631 shares of the company’s stock, valued at approximately $1,156,000.

Several other institutional investors have also recently added to or reduced their stakes in UPST. AQR Capital Management LLC grew its position in shares of Upstart by 89.5% during the 1st quarter. AQR Capital Management LLC now owns 96,706 shares of the company’s stock worth $4,451,000 after buying an additional 45,664 shares during the period. Integrated Wealth Concepts LLC lifted its position in shares of Upstart by 13.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,628 shares of the company’s stock valued at $213,000 after acquiring an additional 563 shares during the period. NewEdge Advisors LLC boosted its stake in Upstart by 20.0% during the first quarter. NewEdge Advisors LLC now owns 1,997 shares of the company’s stock worth $92,000 after acquiring an additional 333 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Upstart by 18.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 173,017 shares of the company’s stock worth $7,964,000 after acquiring an additional 27,287 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in Upstart in the first quarter valued at $208,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Upstart

In other Upstart news, insider Sanjay Datta sold 8,945 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $28.09, for a total transaction of $251,265.05. Following the completion of the sale, the insider directly owned 292,578 shares of the company’s stock, valued at approximately $8,218,516.02. The trade was a 2.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Andrea Blankmeyer sold 3,000 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $29.33, for a total value of $87,990.00. Following the completion of the sale, the chief financial officer directly owned 152,208 shares of the company’s stock, valued at approximately $4,464,260.64. This trade represents a 1.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 46,739 shares of company stock worth $1,396,813 in the last 90 days. 17.29% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Upstart from a “sell (d)” rating to a “hold (c-)” rating in a report on Monday, August 17th. BTIG Research reaffirmed a “buy” rating and issued a $43.00 target price on shares of Upstart in a research report on Wednesday, August 5th. Truist Financial set a $40.00 target price on Upstart in a research report on Wednesday, May 6th. The Goldman Sachs Group upped their price target on Upstart from $32.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Finally, 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 report on Wednesday, May 6th. Eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $44.40.

Upstart Trading Up 2.3%

Shares of UPST stock opened at $30.58 on Wednesday. The firm has a market capitalization of $2.98 billion, a PE ratio of 62.41, a price-to-earnings-growth ratio of 1.05 and a beta of 2.29. The firm has a fifty day simple moving average of $30.83 and a two-hundred day simple moving average of $30.12. Upstart Holdings, Inc. has a 12 month low of $23.97 and a 12 month high of $76.95.

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

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.