Upstart (NASDAQ:UPST) Insider Sanjay Datta Sells 8,945 Shares of Stock

Upstart Holdings, Inc. (NASDAQ:UPST) insider Sanjay Datta sold 8,945 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $28.09, for a total value of $251,265.05. Following the completion of the transaction, the insider owned 292,578 shares in the company, valued at $8,218,516.02. This trade represents a 2.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 Wednesday, August 19th, Sanjay Datta sold 10,000 shares of Upstart stock. The shares were sold at an average price of $31.46, for a total value of $314,600.00.
• On Monday, August 17th, Sanjay Datta sold 2,033 shares of Upstart stock. The shares were sold at an average price of $29.36, for a total value of $59,688.88.
• 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 value of $456,150.00.

Upstart Stock Up 5.0%

Shares of NASDAQ UPST traded up $1.44 during mid-day trading on Friday, hitting $30.30. 4,623,760 shares of the company were exchanged, compared to its average volume of 4,801,834. The stock has a 50 day simple moving average of $30.92 and a 200-day simple moving average of $30.30. Upstart Holdings, Inc. has a 1-year low of $23.97 and a 1-year high of $76.95. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 61.84, a price-to-earnings-growth ratio of 1.08 and a beta of 2.29.

Upstart (NASDAQ:UPST) last announced its quarterly earnings data 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). The firm had revenue of $364.71 million during the quarter, compared to analyst estimates 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 period in the prior year, the firm posted $0.36 earnings per share. Analysts anticipate that Upstart Holdings, Inc. will post 0.72 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of UPST. AQR Capital Management LLC lifted its position in shares of Upstart by 89.5% in the first quarter. AQR Capital Management LLC now owns 96,706 shares of the company’s stock valued at $4,451,000 after acquiring an additional 45,664 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in Upstart by 13.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,628 shares of the company’s stock valued at $213,000 after purchasing an additional 563 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Upstart by 20.0% during the first quarter. NewEdge Advisors LLC now owns 1,997 shares of the company’s stock worth $92,000 after buying an additional 333 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Upstart by 18.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 173,017 shares of the company’s stock worth $7,964,000 after acquiring an additional 27,287 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in Upstart in the 1st quarter worth approximately $208,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UPST has been the subject of a number of analyst reports. Piper Sandler increased their target price on Upstart from $46.00 to $51.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Weiss Ratings raised shares of Upstart from a “sell (d)” rating to a “hold (c-)” rating in a report on Monday. Wall Street Zen upgraded shares of Upstart from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Truist Financial set a $40.00 price target on Upstart in a research note on Wednesday, May 6th. Finally, Mizuho set a $45.00 price target on Upstart in a report on Friday, May 8th. Eight investment 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $44.40.

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.