Insider Selling: Upstart (NASDAQ:UPST) Insider Sells 2,033 Shares of Stock

Upstart Holdings, Inc. (NASDAQ:UPST) insider Sanjay Datta sold 2,033 shares of Upstart stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $29.36, for a total value of $59,688.88. Following the completion of the transaction, the insider owned 311,523 shares of the company’s stock, valued at $9,146,315.28. The trade was a 0.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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 Tuesday, June 9th, Sanjay Datta sold 15,000 shares of Upstart stock. The shares were sold at an average price of $30.41, for a total transaction of $456,150.00.

Upstart Stock Up 5.1%

Upstart stock traded up $1.49 during midday trading on Wednesday, reaching $30.60. The company’s stock had a trading volume of 5,884,208 shares, compared to its average volume of 4,783,915. The company has a market cap of $2.98 billion, a P/E ratio of 62.45, a P/E/G ratio of 1.07 and a beta of 2.29. The business has a 50-day simple moving average of $30.97 and a 200-day simple moving average of $30.45. Upstart Holdings, Inc. has a fifty-two week low of $23.97 and a fifty-two week high of $76.95.

Upstart (NASDAQ:UPST) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.02). Upstart had a return on equity of 7.13% and a net margin of 4.84%.The company had revenue of $364.71 million for the quarter, compared to analysts’ expectations of $354.74 million. During the same quarter in the prior year, the firm posted $0.36 EPS. The firm’s quarterly revenue was up 41.9% compared to the same quarter last year. As a group, equities analysts forecast that Upstart Holdings, Inc. will post 0.72 earnings per share for the current year.

Analyst Ratings Changes

UPST has been the topic of several analyst reports. Truist Financial set a $40.00 target price on Upstart in a research note on Wednesday, May 6th. The Goldman Sachs Group lifted their price objective on shares of Upstart from $32.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Piper Sandler boosted their price objective on shares of Upstart from $46.00 to $51.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Citigroup reduced their target price on shares of Upstart from $80.00 to $61.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. Finally, Weiss Ratings raised shares of Upstart from a “sell (d)” rating to a “hold (c-)” rating in a report on Monday. Eight equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $44.40.

Institutional Trading of Upstart

Several large investors have recently bought and sold shares of UPST. Quarry LP raised its position in shares of Upstart by 749.2% in the third quarter. Quarry LP now owns 501 shares of the company’s stock valued at $25,000 after buying an additional 442 shares during the last quarter. Bayforest Capital Ltd purchased a new position in Upstart during the fourth quarter worth about $25,000. Northwestern Mutual Wealth Management Co. lifted its position in Upstart by 132.2% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 771 shares of the company’s stock worth $39,000 after buying an additional 439 shares during the period. Empowered Funds LLC acquired a new stake in Upstart in the 4th quarter worth about $40,000. Finally, State of Wyoming acquired a new stake in Upstart in the 2nd quarter worth about $61,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

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.