Insider Selling: Upstart (NASDAQ:UPST) Insider Sells $59,688.88 in Stock

Upstart Holdings, Inc. (NASDAQ:UPST) insider Sanjay Datta sold 2,033 shares of Upstart stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $29.36, for a total value of $59,688.88. Following the completion of the transaction, the insider directly owned 311,523 shares in the company, valued at $9,146,315.28. This represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 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 UPST stock traded up $1.49 during trading hours on Wednesday, reaching $30.60. The company had a trading volume of 5,884,208 shares, compared to its average volume of 4,783,915. Upstart Holdings, Inc. has a twelve month low of $23.97 and a twelve month high of $76.95. The company has a market capitalization of $2.98 billion, a P/E ratio of 62.45, a price-to-earnings-growth ratio of 1.07 and a beta of 2.29. The stock’s fifty day simple moving average is $30.97 and its 200 day simple moving average is $30.45.

Upstart (NASDAQ:UPST) last released its quarterly earnings results 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). Upstart had a return on equity of 7.13% and a net margin of 4.84%.The firm had revenue of $364.71 million for the quarter, compared to analysts’ expectations of $354.74 million. During the same period last year, the firm earned $0.36 EPS. The business’s quarterly revenue was up 41.9% on a year-over-year basis. As a group, equities analysts expect that Upstart Holdings, Inc. will post 0.72 earnings per share for the current year.

Hedge Funds Weigh In On Upstart

Several large investors have recently bought and sold shares of the stock. Quarry LP raised its holdings in Upstart by 749.2% during the third quarter. Quarry LP now owns 501 shares of the company’s stock worth $25,000 after purchasing an additional 442 shares in the last quarter. Bayforest Capital Ltd bought a new position in Upstart during the 4th quarter valued at $25,000. Northwestern Mutual Wealth Management Co. increased 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 purchasing an additional 439 shares during the period. Empowered Funds LLC acquired a new position in shares of Upstart during the 4th quarter valued at $40,000. Finally, State of Wyoming bought a new stake in shares of Upstart in the 2nd quarter worth $61,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on UPST shares. Mizuho set a $45.00 price objective on Upstart in a research note on Friday, May 8th. The Goldman Sachs Group boosted their target price on shares of Upstart from $32.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Piper Sandler increased their target price on shares of Upstart from $46.00 to $51.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Citigroup reduced their price target on shares of Upstart from $80.00 to $61.00 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. Finally, BTIG Research reaffirmed a “buy” rating and issued a $43.00 price target on shares of Upstart in a report on Wednesday, August 5th. Eight research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $44.40.

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.