Sanjay Datta Sells 7,985 Shares of Upstart (NASDAQ:UPST) Stock

Upstart Holdings, Inc. (NASDAQ:UPST) insider Sanjay Datta sold 7,985 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $28.77, for a total transaction of $229,728.45. Following the completion of the sale, the insider owned 328,556 shares in the company, valued at $9,452,556.12. This represents a 2.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 Friday, May 15th, Sanjay Datta sold 1,817 shares of Upstart stock. The stock was sold at an average price of $29.56, for a total transaction of $53,710.52.

Upstart Stock Down 1.0%

UPST stock opened at $28.56 on Friday. Upstart Holdings, Inc. has a twelve month low of $23.97 and a twelve month high of $87.30. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 75.16, a price-to-earnings-growth ratio of 0.77 and a beta of 2.26. The firm’s fifty day simple moving average is $28.75 and its two-hundred day simple moving average is $36.46.

Upstart (NASDAQ:UPST) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.46). The firm had revenue of $308.21 million for the quarter, compared to the consensus estimate of $301.30 million. Upstart had a net margin of 4.34% and a return on equity of 5.63%. The company’s revenue was up 44.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 EPS. As a group, equities research analysts expect that Upstart Holdings, Inc. will post 0.92 EPS for the current year.

Upstart announced that its Board of Directors has initiated a share buyback plan on Thursday, February 19th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to purchase up to 3.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

A number of analysts recently weighed in on UPST shares. Mizuho set a $45.00 price objective on shares of Upstart in a research note on Friday, May 8th. Compass Point upgraded shares of Upstart from a “sell” rating to a “neutral” rating and upped their price objective for the company from $20.00 to $30.00 in a report on Tuesday, February 17th. The Goldman Sachs Group upgraded shares of Upstart from a “sell” rating to a “neutral” rating and cut their price objective for the company from $44.00 to $35.00 in a report on Friday, February 13th. Piper Sandler cut their price target on shares of Upstart from $56.00 to $46.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Finally, Needham & Company LLC dropped their price objective on shares of Upstart from $40.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Seven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Upstart presently has an average rating of “Hold” and a consensus target price of $45.79.

Key Upstart News

Here are the key news stories impacting Upstart this week:

• Negative Sentiment: Several law firms, including Faruqi & Faruqi, The Schall Law Firm, Rosen, Robbins, Pomerantz, Bronstein Gewirtz & Grossman, Bernstein Liebhard, SueWallSt, and Bragar Eagel & Squire, issued reminders or alerts about the ongoing Upstart securities fraud class action and the approaching June 8 deadline. Article Title
• Negative Sentiment: Pomerantz and other firms said the lawsuit was filed on behalf of investors who bought Upstart shares during the class period, alleging harm from the company’s disclosures and naming certain officers as defendants. Article Title
• Negative Sentiment: More legal follow-through from investor-rights firms suggests the litigation remains active and could keep sentiment cautious around Upstart in the near term. Article Title
• Neutral Sentiment: Upstart also announced upcoming fireside chats for its CFO and CEO at the Mizuho Technology Conference and Morgan Stanley U.S. Financials Conference, which could provide a near-term update on strategy and fundamentals. Article Title
• Neutral Sentiment: A commentary piece argued Upstart still has an AI-lending “moonshot” case, noting elevated short interest and ongoing debate over the company’s growth outlook. Article Title

Hedge Funds Weigh In On Upstart

Hedge funds and other institutional investors have recently modified their holdings of the business. Janus Henderson Group PLC raised its holdings in shares of Upstart by 15.1% during the 1st quarter. Janus Henderson Group PLC now owns 24,722 shares of the company’s stock worth $634,000 after acquiring an additional 3,241 shares during the period. Altshuler Shaham Ltd grew its position in shares of Upstart by 40.0% during the first quarter. Altshuler Shaham Ltd now owns 37,800 shares of the company’s stock worth $970,000 after buying an additional 10,800 shares in the last quarter. California State Teachers Retirement System grew its position in shares of Upstart by 21.3% during the first quarter. California State Teachers Retirement System now owns 100,693 shares of the company’s stock worth $2,583,000 after buying an additional 17,675 shares in the last quarter. Quantinno Capital Management LP grew its position in shares of Upstart by 30.9% during the first quarter. Quantinno Capital Management LP now owns 103,860 shares of the company’s stock worth $2,664,000 after buying an additional 24,492 shares in the last quarter. Finally, Entropy Technologies LP acquired a new position in shares of Upstart during the first quarter worth about $384,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

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.