SBI Securities Co. Ltd. Sells 4,545 Shares of Upstart Holdings, Inc. $UPST

SBI Securities Co. Ltd. decreased its holdings in Upstart Holdings, Inc. (NASDAQ:UPST) by 16.3% in the second quarter, Holdings Channel reports. The firm owned 23,326 shares of the company’s stock after selling 4,545 shares during the quarter. SBI Securities Co. Ltd.’s holdings in Upstart were worth $1,509,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Ameritas Advisory Services LLC bought a new stake in Upstart in the 2nd quarter worth about $34,000. Bogart Wealth LLC grew its stake in shares of Upstart by 140.0% in the second quarter. Bogart Wealth LLC now owns 1,200 shares of the company’s stock worth $78,000 after acquiring an additional 700 shares during the period. Allworth Financial LP grew its stake in shares of Upstart by 839.3% in the second quarter. Allworth Financial LP now owns 1,625 shares of the company’s stock worth $105,000 after acquiring an additional 1,452 shares during the period. PNC Financial Services Group Inc. lifted its position in Upstart by 385.1% during the first quarter. PNC Financial Services Group Inc. now owns 1,950 shares of the company’s stock valued at $90,000 after purchasing an additional 1,548 shares during the period. Finally, NewEdge Advisors LLC lifted its position in Upstart by 20.0% during the first quarter. NewEdge Advisors LLC now owns 1,997 shares of the company’s stock valued at $92,000 after purchasing an additional 333 shares during the period. 63.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on UPST. Needham & Company LLC decreased their target price on shares of Upstart from $82.00 to $56.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. The Goldman Sachs Group reiterated a “sell” rating and issued a $40.00 price target on shares of Upstart in a research report on Thursday, November 6th. Piper Sandler cut their price objective on shares of Upstart from $80.00 to $56.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. Citigroup reduced their price objective on Upstart from $100.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Finally, Weiss Ratings upgraded Upstart from a “sell (e+)” rating to a “hold (c-)” rating in a research report on Friday, November 7th. Six investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $64.58.

Insider Transactions at Upstart

In other Upstart news, insider Natalia Mirgorodskaya sold 1,439 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $69.21, for a total transaction of $99,593.19. Following the completion of the transaction, the insider owned 21,081 shares in the company, valued at $1,459,016.01. This trade represents a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Paul Gu sold 5,000 shares of Upstart stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $68.61, for a total transaction of $343,050.00. Following the completion of the transaction, the chief technology officer directly owned 1,147,156 shares of the company’s stock, valued at $78,706,373.16. The trade was a 0.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 106,214 shares of company stock valued at $6,803,558 in the last 90 days. Company insiders own 16.67% of the company’s stock.

Upstart Stock Up 1.8%

UPST opened at $39.62 on Thursday. The company has a market capitalization of $3.85 billion, a PE ratio of 180.10 and a beta of 2.26. The firm has a 50-day simple moving average of $53.85 and a two-hundred day simple moving average of $59.73. Upstart Holdings, Inc. has a 52 week low of $31.40 and a 52 week high of $96.43.

Upstart (NASDAQ:UPST) last issued its earnings results 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 return on equity of 3.68% and a net margin of 3.33%.The firm had revenue of $277.11 million for the quarter, compared to analysts’ expectations of $288.94 million. During the same period in the previous year, the firm posted ($0.07) earnings per share. The business’s revenue was up 70.9% compared to the same quarter last year. Upstart has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, sell-side analysts expect that Upstart Holdings, Inc. will post -0.03 earnings per share for the current year.

Upstart Company Profile

Upstart Holdings, Inc, together with its subsidiaries, operates a cloud-based artificial intelligence (AI) lending platform in the United States. Its platform includes personal loans, automotive retail and refinance loans, home equity lines of credit, and small dollar loans that connects consumer demand for loans to its to bank and credit unions.