Upstart (NASDAQ:UPST) CFO Sanjay Datta Sells 7,982 Shares

Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sanjay Datta sold 7,982 shares of Upstart stock in a transaction on Friday, February 20th. The stock was sold at an average price of $29.86, for a total transaction of $238,342.52. Following the transaction, the chief financial officer directly owned 276,688 shares in the company, valued at approximately $8,261,903.68. This represents a 2.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Upstart Stock Up 3.2%

Shares of UPST traded up $0.88 during trading hours on Tuesday, reaching $28.14. The stock had a trading volume of 4,234,175 shares, compared to its average volume of 5,279,061. Upstart Holdings, Inc. has a 52 week low of $26.80 and a 52 week high of $87.30. The firm has a 50-day moving average of $42.52 and a 200 day moving average of $49.84. The company has a market cap of $2.76 billion, a P/E ratio of 67.00, a P/E/G ratio of 0.76 and a beta of 2.38.

Upstart (NASDAQ:UPST) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.02. Upstart had a return on equity of 6.30% and a net margin of 5.13%.The company had revenue of $296.09 million during the quarter, compared to the consensus estimate of $288.54 million. During the same period in the prior year, the company earned $0.26 earnings per share. The company’s revenue for the quarter was up 35.2% compared to the same quarter last year. As a group, equities analysts expect that Upstart Holdings, Inc. will post -0.03 earnings per share for the current year.

Upstart announced that its Board of Directors has initiated a stock buyback program on Thursday, February 19th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to buy up to 3.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of research firms have issued reports on UPST. Weiss Ratings reiterated a “sell (d+)” rating on shares of Upstart in a report on Monday, December 29th. Truist Financial reduced their price objective on shares of Upstart from $59.00 to $49.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. JPMorgan Chase & Co. lowered their target price on Upstart from $88.00 to $65.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Needham & Company LLC reiterated a “buy” rating and set a $56.00 target price on shares of Upstart in a report on Wednesday, February 11th. Finally, The Goldman Sachs Group raised Upstart from a “sell” rating to a “neutral” rating and reduced their price target for the company from $44.00 to $35.00 in a research report on Friday, February 13th. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, Upstart currently has an average rating of “Hold” and a consensus price target of $49.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in UPST. Cresset Asset Management LLC lifted its holdings in Upstart by 3.3% during the 2nd quarter. Cresset Asset Management LLC now owns 5,241 shares of the company’s stock valued at $339,000 after purchasing an additional 169 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of Upstart by 1.8% during the 2nd quarter. Jennison Associates LLC now owns 11,382 shares of the company’s stock worth $736,000 after buying an additional 205 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Upstart by 3.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 7,448 shares of the company’s stock worth $386,000 after buying an additional 218 shares during the period. Daiwa Securities Group Inc. grew its stake in Upstart by 29.1% in the 2nd quarter. Daiwa Securities Group Inc. now owns 1,068 shares of the company’s stock valued at $69,000 after buying an additional 241 shares during the last quarter. Finally, Advisory Services Network LLC raised its holdings in Upstart by 5.3% in the 2nd quarter. Advisory Services Network LLC now owns 5,399 shares of the company’s stock valued at $349,000 after acquiring an additional 272 shares during the period. 63.01% of the stock is currently owned by 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.