98,393 Shares in Upstart Holdings, Inc. $UPST Acquired by Nordea Investment Management AB

Nordea Investment Management AB acquired a new stake in shares of Upstart Holdings, Inc. (NASDAQ:UPST) in the third quarter, Holdings Channel reports. The fund acquired 98,393 shares of the company’s stock, valued at approximately $5,109,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Upstart during the second quarter valued at $67,777,000. Mane Global Capital Management LP bought a new stake in Upstart in the 2nd quarter valued at about $43,576,000. Rokos Capital Management LLP bought a new stake in Upstart in the 2nd quarter valued at about $31,012,000. Annex Advisory Services LLC acquired a new position in Upstart during the 3rd quarter valued at about $10,520,000. Finally, Halter Ferguson Financial Inc. bought a new position in Upstart in the 3rd quarter worth about $10,435,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Kerry Whorton Cooper sold 1,500 shares of the company’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $50.00, for a total transaction of $75,000.00. Following the completion of the sale, the director directly owned 23,934 shares of the company’s stock, valued at $1,196,700. This represents a 5.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Paul Gu purchased 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The stock was bought at an average cost of $39.23 per share, for a total transaction of $3,923,000.00. Following the purchase, the chief technology officer directly owned 80,000 shares in the company, valued at $3,138,400. This represents a -500.00% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold a total of 16,707 shares of company stock worth $633,080 over the last quarter. 16.67% of the stock is currently owned by insiders.

Upstart Trading Up 0.4%

Shares of Upstart stock opened at $48.12 on Friday. Upstart Holdings, Inc. has a 52 week low of $31.40 and a 52 week high of $96.43. The company’s 50-day moving average price is $44.78 and its two-hundred day moving average price is $57.30. The stock has a market cap of $4.68 billion, a PE ratio of 218.74 and a beta of 2.28.

Upstart (NASDAQ:UPST) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.10. Upstart had a net margin of 3.33% and a return on equity of 3.68%. The company had revenue of $258.54 million for the quarter, compared to analysts’ expectations of $288.94 million. During the same quarter in the previous year, the company posted ($0.07) EPS. The business’s revenue was up 70.9% compared to the same quarter last year. On average, equities analysts predict that Upstart Holdings, Inc. will post -0.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on UPST. Weiss Ratings restated a “sell (d+)” rating on shares of Upstart in a research report on Monday, December 29th. JPMorgan Chase & Co. lowered their price target on Upstart from $88.00 to $65.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. The Goldman Sachs Group restated a “sell” rating and set a $40.00 price objective on shares of Upstart in a research note on Thursday, November 6th. Truist Financial initiated coverage on shares of Upstart in a research report on Tuesday, January 6th. They issued a “buy” rating and a $59.00 target price for the company. Finally, Piper Sandler lowered their target price on shares of Upstart from $80.00 to $56.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 5th. Six research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $60.36.

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.