Upstart (NASDAQ:UPST) Insider Sanjay Datta Sells 116,000 Shares of Stock

Upstart Holdings, Inc. (NASDAQ:UPST) insider Sanjay Datta sold 116,000 shares of Upstart stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $27.29, for a total transaction of $3,165,640.00. Following the completion of the transaction, the insider directly owned 476,578 shares of the company’s stock, valued at $13,005,813.62. The trade was a 19.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Sanjay Datta also recently made the following trade(s):

• On Thursday, August 20th, Sanjay Datta sold 8,945 shares of Upstart stock. The stock was sold at an average price of $28.09, for a total transaction of $251,265.05.
• On Wednesday, August 19th, Sanjay Datta sold 10,000 shares of Upstart stock. The stock was 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 shares were sold at an average price of $29.36, for a total value of $59,688.88.

Upstart Stock Down 3.1%

Shares of Upstart stock opened at $25.10 on Friday. Upstart Holdings, Inc. has a twelve month low of $23.97 and a twelve month high of $71.38. The business has a 50-day moving average price of $29.60 and a 200 day moving average price of $29.68. The firm has a market cap of $2.44 billion, a PE ratio of 51.22, a P/E/G ratio of 0.92 and a beta of 2.16.

Upstart (NASDAQ:UPST) last released its quarterly earnings results 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). Upstart had a return on equity of 7.13% and a net margin of 4.84%.The business had revenue of $364.71 million during the quarter, compared to analyst estimates of $354.74 million. During the same period in the previous year, the company posted $0.36 EPS. The business’s revenue for the quarter was up 41.9% compared to the same quarter last year. On average, sell-side analysts expect that Upstart Holdings, Inc. will post 0.72 EPS for the current year.

Institutional Trading of Upstart

A number of institutional investors have recently made changes to their positions in UPST. Sequoia Financial Advisors LLC purchased a new stake in shares of Upstart during the second quarter worth approximately $254,000. Gemmer Asset Management LLC boosted its stake in Upstart by 17.0% during the 2nd quarter. Gemmer Asset Management LLC now owns 29,707 shares of the company’s stock worth $1,053,000 after purchasing an additional 4,314 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Upstart during the 2nd quarter worth $248,000. Corient Private Wealth LP acquired a new stake in Upstart during the 2nd quarter worth $2,074,000. Finally, Amundi purchased a new stake in shares of Upstart during the second quarter worth $348,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on UPST. Needham & Company LLC increased their target price on Upstart from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Citigroup cut their price target on shares of Upstart from $80.00 to $61.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. The Goldman Sachs Group upped their price objective on shares of Upstart from $32.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Loop Capital initiated coverage on shares of Upstart in a report on Tuesday. They set a “hold” rating and a $34.00 price objective on the stock. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $30.00 target price on shares of Upstart in a research report on Tuesday, June 9th. Eight equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Upstart currently has a consensus rating of “Hold” and an average price target of $43.75.

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.