Sanjay Datta Sells 7,985 Shares of Upstart (NASDAQ:UPST) Stock

Upstart Holdings, Inc. (NASDAQ:UPST) insider Sanjay Datta sold 7,985 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $28.77, for a total transaction of $229,728.45. Following the completion of the sale, the insider directly owned 328,556 shares of the company’s stock, valued at $9,452,556.12. The trade was a 2.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Friday, May 15th, Sanjay Datta sold 1,817 shares of Upstart stock. The shares were sold at an average price of $29.56, for a total transaction of $53,710.52.

Upstart Price Performance

Shares of UPST traded down $0.29 during mid-day trading on Friday, hitting $28.56. The company’s stock had a trading volume of 3,230,409 shares, compared to its average volume of 4,984,982. The firm has a 50-day moving average price of $28.73 and a 200 day moving average price of $36.52. Upstart Holdings, Inc. has a fifty-two week low of $23.97 and a fifty-two week high of $87.30. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 75.16, a PEG ratio of 0.77 and a beta of 2.26.

Upstart (NASDAQ:UPST) last released its earnings results on Tuesday, May 5th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.39 by ($0.46). The business had revenue of $308.21 million for the quarter, compared to analyst estimates of $301.30 million. Upstart had a net margin of 4.34% and a return on equity of 5.63%. The firm’s revenue for the quarter was up 44.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.30 earnings per share. As a group, equities analysts anticipate that Upstart Holdings, Inc. will post 0.92 EPS for the current fiscal year.

Upstart announced that its Board of Directors has approved a share repurchase plan on Thursday, February 19th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to reacquire up to 3.2% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on UPST shares. Citizens Jmp reaffirmed a “market underperform” rating and set a $20.00 target price on shares of Upstart in a research report on Friday, February 13th. Truist Financial set a $40.00 price target on Upstart in a research report on Wednesday, May 6th. Weiss Ratings cut Upstart from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, May 6th. The Goldman Sachs Group upgraded Upstart from a “sell” rating to a “neutral” rating and cut their price objective for the stock from $44.00 to $35.00 in a report on Friday, February 13th. Finally, Piper Sandler reduced their price objective on shares of Upstart from $56.00 to $46.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Upstart currently has an average rating of “Hold” and an average target price of $45.79.

More Upstart News

Here are the key news stories impacting Upstart this week:

• Negative Sentiment: Several law firms, including Faruqi & Faruqi, The Schall Law Firm, Rosen, Robbins, Pomerantz, Bronstein Gewirtz & Grossman, Bernstein Liebhard, SueWallSt, and Bragar Eagel & Squire, issued reminders or alerts about the ongoing Upstart securities fraud class action and the approaching June 8 deadline. Article Title
• Negative Sentiment: Pomerantz and other firms said the lawsuit was filed on behalf of investors who bought Upstart shares during the class period, alleging harm from the company’s disclosures and naming certain officers as defendants. Article Title
• Negative Sentiment: More legal follow-through from investor-rights firms suggests the litigation remains active and could keep sentiment cautious around Upstart in the near term. Article Title
• Neutral Sentiment: Upstart also announced upcoming fireside chats for its CFO and CEO at the Mizuho Technology Conference and Morgan Stanley U.S. Financials Conference, which could provide a near-term update on strategy and fundamentals. Article Title
• Neutral Sentiment: A commentary piece argued Upstart still has an AI-lending “moonshot” case, noting elevated short interest and ongoing debate over the company’s growth outlook. Article Title

Institutional Trading of Upstart

Several large investors have recently added to or reduced their stakes in the company. Clearstead Advisors LLC purchased a new stake in shares of Upstart in the third quarter valued at $25,000. Bayforest Capital Ltd acquired a new stake in shares of Upstart in the fourth quarter worth $25,000. Quarry LP grew its holdings in shares of Upstart by 749.2% during the third quarter. Quarry LP now owns 501 shares of the company’s stock valued at $25,000 after buying an additional 442 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Upstart by 132.2% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 771 shares of the company’s stock valued at $39,000 after buying an additional 439 shares during the period. Finally, Empowered Funds LLC acquired a new position in Upstart during the fourth quarter valued at $40,000. 63.01% of the stock is owned by institutional investors and hedge funds.

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.