Clear Street Group Inc. Invests $29.02 Million in Upstart Holdings, Inc. $UPST

Clear Street Group Inc. bought a new position in Upstart Holdings, Inc. (NASDAQ:UPST) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 571,212 shares of the company’s stock, valued at approximately $29,018,000. Clear Street Group Inc. owned about 0.59% of Upstart at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Cresset Asset Management LLC increased 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 worth $339,000 after purchasing an additional 169 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Upstart by 3.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 7,448 shares of the company’s stock valued at $386,000 after purchasing an additional 218 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Upstart by 29.1% in the second quarter. Daiwa Securities Group Inc. now owns 1,068 shares of the company’s stock valued at $69,000 after purchasing an additional 241 shares in the last quarter. Advisory Services Network LLC boosted its position in shares of Upstart by 5.3% during the second quarter. Advisory Services Network LLC now owns 5,399 shares of the company’s stock valued at $349,000 after buying an additional 272 shares during the last quarter. Finally, California State Teachers Retirement System boosted its position in shares of Upstart by 0.4% during the second quarter. California State Teachers Retirement System now owns 76,368 shares of the company’s stock valued at $4,939,000 after buying an additional 332 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

Insider Activity at Upstart

In related news, CFO Sanjay Datta sold 7,982 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $29.86, for a total value of $238,342.52. Following the completion of the transaction, the chief financial officer directly owned 276,688 shares of the company’s stock, valued at approximately $8,261,903.68. This trade represents a 2.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders have sold 9,481 shares of company stock worth $282,201. Corporate insiders own 16.67% of the company’s stock.

Upstart Stock Up 2.3%

Upstart stock opened at $26.36 on Friday. The firm has a 50 day moving average price of $37.28 and a 200-day moving average price of $46.26. Upstart Holdings, Inc. has a twelve month low of $25.60 and a twelve month high of $87.30. The company has a market capitalization of $2.58 billion, a P/E ratio of 62.76, a P/E/G ratio of 0.68 and a beta of 2.44.

Upstart (NASDAQ:UPST) last issued its earnings results on Tuesday, February 10th. The company reported $0.17 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $296.09 million for the quarter, compared to analyst estimates of $288.54 million. During the same period in the previous year, the company posted $0.26 earnings per share. The business’s revenue was up 35.2% on a year-over-year basis. Equities analysts expect that Upstart Holdings, Inc. will post -0.03 EPS for the current fiscal year.

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

Wall Street Analyst Weigh In

A number of research firms recently commented on UPST. The Goldman Sachs Group raised Upstart from a “sell” rating to a “neutral” rating and lowered their price target for the company from $44.00 to $35.00 in a research report on Friday, February 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Upstart in a report on Monday, December 29th. Zacks Research lowered shares of Upstart from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. Compass Point upgraded shares of Upstart from a “sell” rating to a “neutral” rating and increased their target price for the company from $20.00 to $30.00 in a report on Tuesday, February 17th. Finally, Truist Financial dropped their price target 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 research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, Upstart presently has an average rating of “Hold” and an average target price of $48.17.

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.