Quantbot Technologies LP Takes $1.16 Million Position in Upstart Holdings, Inc. $UPST

Quantbot Technologies LP acquired a new stake in shares of Upstart Holdings, Inc. (NASDAQ:UPST) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 32,631 shares of the company’s stock, valued at approximately $1,156,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quarry LP raised its position in Upstart by 749.2% in the third quarter. Quarry LP now owns 501 shares of the company’s stock valued at $25,000 after purchasing an additional 442 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of 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 purchasing an additional 439 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of Upstart during the fourth quarter worth about $40,000. Bogart Wealth LLC bought a new stake in shares of Upstart during the fourth quarter worth about $44,000. Finally, Geneos Wealth Management Inc. increased its stake in shares of Upstart by 274.4% in the first quarter. Geneos Wealth Management Inc. now owns 1,842 shares of the company’s stock valued at $47,000 after buying an additional 1,350 shares during the period. Institutional investors own 63.01% of the company’s stock.

Insider Buying and Selling

In related news, CFO Andrea Blankmeyer sold 7,175 shares of Upstart stock in a transaction on Monday, August 17th. The shares were sold at an average price of $29.36, for a total transaction of $210,658.00. Following the completion of the transaction, the chief financial officer owned 155,208 shares of the company’s stock, valued at $4,556,906.88. This trade represents a 4.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Sanjay Datta sold 15,000 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $30.41, for a total transaction of $456,150.00. Following the completion of the transaction, the insider owned 313,556 shares in the company, valued at approximately $9,535,237.96. The trade was a 4.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 46,739 shares of company stock worth $1,396,813 in the last 90 days. Corporate insiders own 17.29% of the company’s stock.

Upstart Price Performance

Shares of UPST opened at $30.58 on Wednesday. Upstart Holdings, Inc. has a 1 year low of $23.97 and a 1 year high of $76.95. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 62.41, a price-to-earnings-growth ratio of 1.05 and a beta of 2.29. The business has a 50-day moving average of $30.83 and a 200-day moving average of $30.12.

Upstart (NASDAQ:UPST) last announced its earnings results on Tuesday, August 4th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.02). The company had revenue of $364.71 million during the quarter, compared to the consensus estimate of $354.74 million. Upstart had a net margin of 4.84% and a return on equity of 7.13%. The business’s revenue was up 41.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.36 earnings per share. As a group, sell-side analysts anticipate that Upstart Holdings, Inc. will post 0.72 EPS for the current year.

Analyst Upgrades and Downgrades

UPST has been the subject of a number of research reports. The Goldman Sachs Group raised their price objective on shares of Upstart from $32.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Citigroup decreased their price target on shares of Upstart from $80.00 to $61.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Needham & Company LLC raised their price target on shares of Upstart from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. B. Riley Financial dropped their price target on shares of Upstart from $66.00 to $54.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $30.00 price target on shares of Upstart in a report on Tuesday, June 9th. Eight analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Upstart has an average rating of “Hold” and a consensus price target of $44.40.

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.