AlphaQuest LLC Invests $808,000 in Upstart Holdings, Inc. $UPST

AlphaQuest LLC acquired a new stake in shares of Upstart Holdings, Inc. (NASDAQ:UPST) during the third quarter, HoldingsChannel reports. The institutional investor acquired 15,897 shares of the company’s stock, valued at approximately $808,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UPST. Ameritas Advisory Services LLC purchased a new position in Upstart in the 2nd quarter valued at about $34,000. Steward Partners Investment Advisory LLC raised its position in shares of Upstart by 72.1% in the second quarter. Steward Partners Investment Advisory LLC now owns 864 shares of the company’s stock valued at $56,000 after buying an additional 362 shares during the last quarter. State of Wyoming acquired a new position in shares of Upstart in the second quarter valued at approximately $61,000. Daiwa Securities Group Inc. boosted its position in Upstart by 29.1% during the second quarter. Daiwa Securities Group Inc. now owns 1,068 shares of the company’s stock worth $69,000 after acquiring an additional 241 shares during the last quarter. Finally, Bogart Wealth LLC boosted its position in Upstart by 140.0% during the second quarter. Bogart Wealth LLC now owns 1,200 shares of the company’s stock worth $78,000 after acquiring an additional 700 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Insider Buying and Selling

In other news, CFO Sanjay Datta sold 13,624 shares of the stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $36.58, for a total value of $498,365.92. Following the completion of the sale, the chief financial officer owned 284,280 shares in the company, valued at approximately $10,398,962.40. This trade represents a 4.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kerry Whorton Cooper sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $50.00, for a total value of $75,000.00. Following the transaction, the director directly owned 23,934 shares in the company, valued at $1,196,700. This trade represents a 5.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 16,707 shares of company stock valued at $633,080. 16.67% of the stock is owned by company insiders.

Upstart Stock Up 1.1%

UPST opened at $39.69 on Tuesday. Upstart Holdings, Inc. has a 52-week low of $31.40 and a 52-week high of $96.43. The company has a 50 day moving average of $46.15 and a two-hundred day moving average of $54.71. The company has a market cap of $3.86 billion, a P/E ratio of 180.42 and a beta of 2.28.

Upstart (NASDAQ:UPST) last posted its earnings results on Tuesday, November 4th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.10. Upstart had a net margin of 3.33% and a return on equity of 3.68%. The business had revenue of $258.54 million for the quarter, compared to analyst estimates of $288.94 million. During the same quarter in the previous year, the business posted ($0.07) EPS. The business’s quarterly revenue was up 70.9% on a year-over-year basis. Research analysts anticipate that Upstart Holdings, Inc. will post -0.03 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on UPST. Piper Sandler reduced their price target on Upstart from $80.00 to $56.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 5th. Morgan Stanley set a $45.00 target price on Upstart in a research note on Wednesday, November 5th. Citigroup lowered their price target on Upstart from $100.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. The Goldman Sachs Group reiterated a “sell” rating and set a $40.00 price objective on shares of Upstart in a report on Thursday, November 6th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Upstart from $88.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, November 5th. Six analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Upstart presently has an average rating of “Hold” and an average target price of $60.36.

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.