Sanjay Datta Sells 15,000 Shares of Upstart (NASDAQ:UPST) Stock

Upstart Holdings, Inc. (NASDAQ:UPST) insider Sanjay Datta sold 15,000 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $30.41, for a total transaction of $456,150.00. Following the completion of the sale, the insider directly owned 313,556 shares of the company’s stock, valued at $9,535,237.96. This trade represents a 4.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sanjay Datta also recently made the following trade(s):

• On Wednesday, May 20th, Sanjay Datta sold 7,985 shares of Upstart stock. The stock was sold at an average price of $28.77, for a total transaction of $229,728.45.
• 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 Price Performance

NASDAQ UPST opened at $30.50 on Friday. The company has a 50 day simple moving average of $30.29 and a 200-day simple moving average of $35.62. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of 80.26, a price-to-earnings-growth ratio of 0.84 and a beta of 2.26. Upstart Holdings, Inc. has a 52-week low of $23.97 and a 52-week high of $87.30.

Upstart (NASDAQ:UPST) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.46). The company had revenue of $308.21 million during the quarter, compared to analysts’ expectations of $301.30 million. Upstart had a return on equity of 5.63% and a net margin of 4.34%.Upstart’s revenue for the quarter was up 44.3% compared to the same quarter last year. During the same period last year, the company earned $0.30 earnings per share. On average, analysts predict that Upstart Holdings, Inc. will post 0.92 EPS for the current year.

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

Hedge Funds Weigh In On Upstart

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UPST. AQR Capital Management LLC raised its position in Upstart by 89.5% during 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 raised its position in Upstart by 13.8% during the first quarter. Integrated Wealth Concepts LLC now owns 4,628 shares of the company’s stock valued at $213,000 after acquiring an additional 563 shares in the last quarter. NewEdge Advisors LLC raised its position in Upstart by 20.0% during the first quarter. NewEdge Advisors LLC now owns 1,997 shares of the company’s stock valued at $92,000 after acquiring an additional 333 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Upstart by 18.7% in 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 valued at $7,964,000 after purchasing an additional 27,287 shares during the period. Finally, Acadian Asset Management LLC bought a new position in shares of Upstart in the first quarter valued at approximately $208,000. Institutional investors own 63.01% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on UPST. Jefferies Financial Group reissued a “hold” rating and issued a $30.00 price target on shares of Upstart in a research report on Tuesday. Truist Financial set a $40.00 price objective on shares of Upstart in a research report on Wednesday, May 6th. Mizuho set a $45.00 price objective on shares of Upstart in a research report on Friday, May 8th. Citizens Jmp reaffirmed a “market underperform” rating and set a $20.00 price objective on shares of Upstart in a research report on Friday, February 13th. Finally, BTIG Research reaffirmed a “buy” rating and set a $43.00 price objective on shares of Upstart in a research report on Wednesday, May 6th. Seven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $44.73.

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.