Sanjay Datta Sells 116,000 Shares of Upstart (NASDAQ:UPST) Stock

Upstart Holdings, Inc. (NASDAQ:UPST) insider Sanjay Datta sold 116,000 shares of the stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $27.29, for a total transaction of $3,165,640.00. Following the completion of the sale, the insider directly owned 476,578 shares in the company, valued at approximately $13,005,813.62. This represents a 19.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Thursday, August 20th, Sanjay Datta sold 8,945 shares of Upstart stock. The stock was sold at an average price of $28.09, for a total transaction of $251,265.05.
• On Wednesday, August 19th, Sanjay Datta sold 10,000 shares of Upstart stock. The shares were sold at an average price of $31.46, for a total transaction of $314,600.00.
• On Monday, August 17th, Sanjay Datta sold 2,033 shares of Upstart stock. The shares were sold at an average price of $29.36, for a total transaction of $59,688.88.

Upstart Stock Down 3.1%

Upstart stock traded down $0.79 during midday trading on Thursday, reaching $25.10. The stock had a trading volume of 4,111,342 shares, compared to its average volume of 3,980,296. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 51.22, a price-to-earnings-growth ratio of 0.92 and a beta of 2.16. Upstart Holdings, Inc. has a 52-week low of $23.97 and a 52-week high of $71.38. The company has a fifty day moving average of $29.60 and a 200 day moving average of $29.68.

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 the consensus estimate 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 net margin of 4.84% and a return on equity of 7.13%. The firm’s quarterly revenue was up 41.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.36 EPS. Equities research analysts predict that Upstart Holdings, Inc. will post 0.72 EPS for the current year.

Institutional Investors Weigh In On Upstart

Hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC raised its holdings in Upstart by 89.5% in the first quarter. AQR Capital Management LLC now owns 96,706 shares of the company’s stock worth $4,451,000 after purchasing an additional 45,664 shares in the last quarter. Integrated Wealth Concepts LLC boosted its holdings in shares of Upstart by 13.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,628 shares of the company’s stock valued at $213,000 after buying an additional 563 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of Upstart by 20.0% in the 1st quarter. NewEdge Advisors LLC now owns 1,997 shares of the company’s stock worth $92,000 after buying an additional 333 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Upstart by 18.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 173,017 shares of the company’s stock worth $7,964,000 after acquiring an additional 27,287 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of Upstart during the 1st quarter worth approximately $208,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UPST has been the subject of several research analyst reports. Loop Capital assumed coverage on Upstart in a research report on Tuesday. They set a “hold” rating and a $34.00 target price for the company. Wall Street Zen upgraded Upstart from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. The Goldman Sachs Group increased their target price on shares of Upstart from $32.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. BTIG Research reissued a “buy” rating and set a $43.00 target price on shares of Upstart in a research report on Wednesday, August 5th. Finally, Piper Sandler boosted their price target on shares of Upstart from $46.00 to $51.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Eight research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $43.75.

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.