Upstart (NASDAQ:UPST) CFO Sells $238,342.52 in Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sanjay Datta sold 7,982 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $29.86, for a total transaction of $238,342.52. Following the completion of the sale, the chief financial officer directly owned 276,688 shares of the company’s stock, valued at approximately $8,261,903.68. The trade was a 2.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Upstart Stock Performance

NASDAQ:UPST traded up $0.88 during mid-day trading on Tuesday, reaching $28.14. 4,234,175 shares of the company’s stock were exchanged, compared to its average volume of 5,279,061. Upstart Holdings, Inc. has a one year low of $26.80 and a one year high of $87.30. The business’s fifty day simple moving average is $42.52 and its two-hundred day simple moving average is $49.84. The firm has a market capitalization of $2.76 billion, a PE ratio of 67.00, a price-to-earnings-growth 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. Upstart had a net margin of 5.13% and a return on equity of 6.30%. The firm had revenue of $296.09 million for the quarter, compared to analyst estimates of $288.54 million. During the same quarter in the prior year, the business posted $0.26 EPS. The business’s revenue was up 35.2% compared to the same quarter last year. As a group, equities research analysts forecast that Upstart Holdings, Inc. will post -0.03 EPS for the current year.

Upstart declared that its Board of Directors has authorized a stock buyback plan on Thursday, February 19th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 3.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of research firms recently commented on UPST. Truist Financial dropped their price target on Upstart from $59.00 to $49.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. BTIG Research reissued a “neutral” rating on shares of Upstart in a report on Wednesday, November 5th. Weiss Ratings restated a “sell (d+)” rating on shares of Upstart in a research report on Monday, December 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $56.00 price target on shares of Upstart in a report on Wednesday, February 11th. Finally, Stephens reduced their price target on shares of Upstart from $55.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 5th. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, Upstart has a consensus rating of “Hold” and a consensus target price of $49.50.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Prudential Financial Inc. increased its stake in shares of Upstart by 1,116.8% in the second quarter. Prudential Financial Inc. now owns 89,675 shares of the company’s stock valued at $5,800,000 after buying an additional 82,305 shares during the period. Sierra Summit Advisors LLC bought a new stake in Upstart during the 2nd quarter worth approximately $991,000. Tableaux LLC bought a new stake in Upstart during the 2nd quarter worth approximately $2,587,000. Sepio Capital LP increased its position in Upstart by 42.0% in the 2nd quarter. Sepio Capital LP now owns 256,102 shares of the company’s stock valued at $16,565,000 after acquiring an additional 75,802 shares during the period. Finally, Hillsdale Investment Management Inc. raised its stake in shares of Upstart by 31.0% during the second quarter. Hillsdale Investment Management Inc. now owns 89,440 shares of the company’s stock valued at $5,785,000 after acquiring an additional 21,140 shares during the last quarter. 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.