Upstart (NASDAQ:UPST) Insider Sells $24,932.14 in Stock

Upstart Holdings, Inc. (NASDAQ:UPST) insider Natalia Mirgorodskaya sold 866 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $28.79, for a total value of $24,932.14. Following the completion of the transaction, the insider directly owned 25,289 shares in the company, valued at approximately $728,070.31. This represents a 3.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Natalia Mirgorodskaya also recently made the following trade(s):

• On Friday, February 20th, Natalia Mirgorodskaya sold 633 shares of Upstart stock. The shares were sold at an average price of $29.90, for a total value of $18,926.70.

Upstart Stock Performance

Shares of NASDAQ UPST traded down $2.44 during trading on Friday, hitting $27.23. The company had a trading volume of 5,463,028 shares, compared to its average volume of 5,231,914. Upstart Holdings, Inc. has a 12 month low of $26.80 and a 12 month high of $87.30. The firm has a market capitalization of $2.67 billion, a P/E ratio of 64.83, a price-to-earnings-growth ratio of 0.74 and a beta of 2.38. The stock has a 50 day simple moving average of $41.47 and a 200 day simple moving average of $49.26.

Upstart (NASDAQ:UPST) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 previous year, the company posted $0.26 EPS. The firm’s revenue was up 35.2% on a year-over-year basis. As a group, analysts predict that Upstart Holdings, Inc. will post -0.03 EPS for the current year.

Upstart announced that its Board of Directors has initiated a share buyback program on Thursday, February 19th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to repurchase up to 3.2% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Upstart

Several institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley raised its holdings in shares of Upstart by 154.6% during the 4th quarter. Morgan Stanley now owns 4,206,615 shares of the company’s stock worth $183,955,000 after acquiring an additional 2,554,591 shares in the last quarter. Norges Bank bought a new stake in Upstart in the fourth quarter worth $49,915,000. Azora Capital LP purchased a new stake in Upstart during the fourth quarter valued at $38,580,000. Jericho Capital Asset Management L.P. raised its stake in Upstart by 22.6% during the third quarter. Jericho Capital Asset Management L.P. now owns 4,480,809 shares of the company’s stock valued at $227,625,000 after purchasing an additional 826,974 shares in the last quarter. Finally, Baillie Gifford & Co. bought a new position in Upstart during the fourth quarter valued at $33,188,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group upgraded Upstart from a “sell” rating to a “neutral” rating and cut their price target for the stock from $44.00 to $35.00 in a research note on Friday, February 13th. Compass Point raised Upstart from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $20.00 to $30.00 in a research note on Tuesday, February 17th. Piper Sandler decreased their target price on Upstart from $80.00 to $56.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 5th. Citizens Jmp restated a “market underperform” rating and issued a $20.00 price target on shares of Upstart in a research note on Friday, February 13th. Finally, Truist Financial reduced their price objective on shares of Upstart from $59.00 to $49.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. Four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, Upstart currently has a consensus rating of “Hold” and an average price target of $49.50.

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.