Canada Pension Plan Investment Board Takes $684,000 Position in Upstart Holdings, Inc. $UPST

Canada Pension Plan Investment Board bought a new position 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 bought 19,300 shares of the company’s stock, valued at approximately $684,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP boosted its holdings 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 in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings 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 purchasing an additional 439 shares in the last quarter. Empowered Funds LLC acquired a new stake in Upstart during the fourth quarter worth approximately $40,000. State of Wyoming purchased a new stake in shares of Upstart during the 2nd quarter worth approximately $61,000. Finally, Daiwa Securities Group Inc. lifted its position in shares of Upstart by 29.1% during the 2nd quarter. Daiwa Securities Group Inc. now owns 1,068 shares of the company’s stock worth $69,000 after buying an additional 241 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Upstart Trading Down 4.5%

Shares of NASDAQ UPST opened at $27.39 on Wednesday. The stock has a market cap of $2.67 billion, a P/E ratio of 55.90, a P/E/G ratio of 1.01 and a beta of 2.16. Upstart Holdings, Inc. has a twelve month low of $23.97 and a twelve month high of $72.85. The stock has a 50 day moving average of $30.59 and a two-hundred day moving average of $29.85.

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

Wall Street Analyst Weigh In

UPST has been the subject of several research analyst reports. Weiss Ratings upgraded shares of Upstart from a “sell (d)” rating to a “hold (c-)” rating in a report on Monday, August 17th. Citigroup reduced 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. Jefferies Financial Group restated a “hold” rating and issued a $30.00 price objective on shares of Upstart in a research note on Tuesday, June 9th. Piper Sandler raised their price objective on Upstart from $46.00 to $51.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Finally, The Goldman Sachs Group lifted their target price on Upstart from $32.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Eight investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Upstart presently has an average rating of “Hold” and a consensus price target of $44.40.

Insiders Place Their Bets

In other Upstart news, insider Sanjay Datta sold 15,000 shares of Upstart stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $30.41, for a total value of $456,150.00. Following the transaction, the insider directly owned 313,556 shares in the company, valued at approximately $9,535,237.96. The trade was a 4.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Andrea Blankmeyer sold 7,175 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer directly owned 155,208 shares of the company’s stock, valued at $4,556,906.88. The trade was a 4.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. In the last three months, insiders have sold 47,652 shares of company stock valued at $1,424,230. Insiders own 17.29% of the company’s stock.

About Upstart

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.