35,000 Shares in Upstart Holdings, Inc. $UPST Purchased by SCS Capital Management LLC

SCS Capital Management LLC purchased a new stake in shares of Upstart Holdings, Inc. (NASDAQ:UPST) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 35,000 shares of the company’s stock, valued at approximately $1,240,000.

A number of other large investors have also added to or reduced their stakes in UPST. Jericho Capital Asset Management L.P. raised its position in Upstart by 11.9% in the fourth quarter. Jericho Capital Asset Management L.P. now owns 5,011,809 shares of the company’s stock worth $219,166,000 after acquiring an additional 531,000 shares during the period. Morgan Stanley grew its position in shares of Upstart by 154.6% during the 4th quarter. Morgan Stanley now owns 4,206,615 shares of the company’s stock valued at $183,955,000 after acquiring an additional 2,554,591 shares during the period. Geode Capital Management LLC grew its position in shares of Upstart by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 2,068,515 shares of the company’s stock valued at $90,469,000 after acquiring an additional 26,734 shares during the period. Halter Ferguson Financial Inc. increased its stake in shares of Upstart by 253.3% during the 1st quarter. Halter Ferguson Financial Inc. now owns 1,467,360 shares of the company’s stock worth $37,638,000 after purchasing an additional 1,052,039 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Upstart during the 4th quarter worth approximately $49,915,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on UPST. Wall Street Zen raised shares of Upstart from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Citigroup decreased their target price on Upstart from $80.00 to $61.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Morgan Stanley set a $35.00 target price on Upstart in a research report on Thursday, May 7th. Needham & Company LLC boosted their target price on Upstart from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, The Goldman Sachs Group upped their price target on Upstart from $32.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Eight research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Upstart presently has an average rating of “Hold” and an average price target of $44.40.

Upstart Price Performance

UPST opened at $30.43 on Monday. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of 62.10, a PEG ratio of 1.07 and a beta of 2.29. The firm has a 50-day moving average price of $31.03 and a 200-day moving average price of $30.66. Upstart Holdings, Inc. has a twelve month low of $23.97 and a twelve month high of $76.95.

Upstart (NASDAQ:UPST) last posted its quarterly 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 during the quarter, compared to the consensus estimate of $354.74 million. Upstart had a net margin of 4.84% and a return on equity of 7.13%. The business’s revenue for the quarter was up 41.9% on a year-over-year basis. During the same period last year, the firm earned $0.36 EPS. On average, sell-side analysts expect that Upstart Holdings, Inc. will post 0.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Upstart news, insider Natalia Mirgorodskaya sold 974 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $28.99, for a total transaction of $28,236.26. Following the sale, the insider owned 37,374 shares in the company, valued at $1,083,472.26. This represents a 2.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sanjay Datta sold 15,000 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $30.41, for a total value of $456,150.00. Following the completion of the transaction, the insider directly owned 313,556 shares of the company’s stock, valued at $9,535,237.96. The trade was a 4.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 24,485 shares of company stock valued at $729,248 over the last quarter. 17.29% of the stock is owned by company insiders.

Upstart 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.