Headlands Technologies LLC Boosts Stock Position in Upstart Holdings, Inc. $UPST

Headlands Technologies LLC grew its holdings in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 42.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 113,300 shares of the company’s stock after purchasing an additional 33,799 shares during the quarter. Headlands Technologies LLC owned approximately 0.12% of Upstart worth $4,014,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Halter Ferguson Financial Inc. increased its stake in shares of Upstart by 102.2% during the 4th quarter. Halter Ferguson Financial Inc. now owns 415,321 shares of the company’s stock worth $18,162,000 after purchasing an additional 209,915 shares during the last quarter. Maxi Investments CY Ltd bought a new position in Upstart during the second quarter valued at $6,852,000. Azora Capital LP purchased a new stake in Upstart in the fourth quarter worth $38,580,000. Norges Bank purchased a new stake in Upstart in the fourth quarter worth $49,915,000. Finally, First Trust Advisors LP raised its stake in shares of Upstart by 17.2% in the first quarter. First Trust Advisors LP now owns 373,455 shares of the company’s stock valued at $9,579,000 after buying an additional 54,908 shares during the period. 63.01% of the stock is currently owned by institutional investors.

Upstart Stock Performance

UPST stock opened at $29.08 on Monday. Upstart Holdings, Inc. has a 1-year low of $23.97 and a 1-year high of $76.95. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of 59.35, a price-to-earnings-growth ratio of 1.02 and a beta of 2.29. The company’s 50 day moving average is $30.72 and its 200 day moving average is $29.97.

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

Insider Activity

In related news, CFO Andrea Blankmeyer sold 7,175 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $29.36, for a total value of $210,658.00. Following the completion of the sale, the chief financial officer owned 155,208 shares in the company, valued at $4,556,906.88. The trade was a 4.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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. Also, insider Natalia Mirgorodskaya sold 913 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $30.03, for a total value of $27,417.39. Following the completion of the sale, the insider directly owned 35,875 shares of the company’s stock, valued at approximately $1,077,326.25. This represents a 2.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 47,652 shares of company stock worth $1,424,230. 17.29% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on UPST. Piper Sandler lifted their price objective on Upstart from $46.00 to $51.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Wall Street Zen raised shares of Upstart from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Mizuho set a $45.00 price objective on shares of Upstart in a report on Friday, May 8th. Truist Financial set a $40.00 target price on shares of Upstart in a report on Wednesday, May 6th. Finally, B. Riley Financial dropped their price objective on Upstart from $66.00 to $54.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Eight equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Upstart has a consensus rating of “Hold” and a consensus price target of $44.40.

Upstart 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.