Upstart (NASDAQ:UPST) CFO Sanjay Datta Sells 7,982 Shares

Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sanjay Datta sold 7,982 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $29.86, for a total value of $238,342.52. Following the transaction, the chief financial officer owned 276,688 shares in the company, valued at approximately $8,261,903.68. This trade represents a 2.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Upstart Price Performance

UPST opened at $28.14 on Wednesday. The business has a fifty day simple moving average of $42.15 and a 200 day simple moving average of $49.55. Upstart Holdings, Inc. has a 1 year low of $26.80 and a 1 year high of $87.30. The company has a market capitalization of $2.76 billion, a PE ratio of 67.00, a price-to-earnings-growth ratio of 0.71 and a beta of 2.38.

Upstart (NASDAQ:UPST) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02. The firm had revenue of $296.09 million for the quarter, compared to analysts’ expectations of $288.54 million. Upstart had a return on equity of 6.30% and a net margin of 5.13%.The company’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.26 EPS. Equities analysts anticipate that Upstart Holdings, Inc. will post -0.03 earnings per share for the current fiscal year.

Upstart declared that its Board of Directors has approved a stock buyback program on Thursday, February 19th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 3.2% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On Upstart

Hedge funds and other institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC raised its position in Upstart by 89.5% in the first quarter. AQR Capital Management LLC now owns 96,706 shares of the company’s stock valued at $4,451,000 after purchasing an additional 45,664 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of Upstart by 13.8% in the first 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 during the period. NewEdge Advisors LLC raised its holdings in Upstart by 20.0% in the 1st quarter. NewEdge Advisors LLC now owns 1,997 shares of the company’s stock valued at $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 holdings in Upstart by 18.7% in 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 valued at $7,964,000 after buying an additional 27,287 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in Upstart during the 1st quarter worth approximately $208,000. Institutional investors own 63.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on UPST. JPMorgan Chase & Co. dropped their price objective on Upstart from $88.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, November 5th. Citigroup downgraded Upstart from a “buy” rating to a “strong sell” rating in a research note on Friday, February 13th. Morgan Stanley set a $45.00 price target on shares of Upstart in a report on Wednesday, November 5th. Needham & Company LLC reissued a “buy” rating and set a $56.00 price target on shares of Upstart in a report on Wednesday, February 11th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Upstart in a research note on Wednesday, November 5th. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $49.50.

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.