Simplicity Wealth LLC Invests $1.42 Million in Upstart Holdings, Inc. $UPST

Simplicity Wealth LLC purchased a new position in Upstart Holdings, Inc. (NASDAQ:UPST) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 27,967 shares of the company’s stock, valued at approximately $1,421,000.

A number of other large investors have also added to or reduced their stakes in the stock. Geode Capital Management LLC raised its position in Upstart by 3.8% in the second quarter. Geode Capital Management LLC now owns 2,009,116 shares of the company’s stock worth $129,965,000 after acquiring an additional 73,582 shares during the period. Norges Bank purchased a new stake in shares of Upstart during the 2nd quarter worth approximately $67,777,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Upstart by 9.2% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 739,261 shares of the company’s stock worth $47,815,000 after purchasing an additional 62,212 shares during the last quarter. Mane Global Capital Management LP bought a new stake in shares of Upstart in the 2nd quarter worth approximately $43,576,000. Finally, Rokos Capital Management LLP purchased a new position in Upstart in the second quarter valued at approximately $31,012,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Insider Activity

In other Upstart news, Director Kerry Whorton Cooper sold 1,500 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $50.00, for a total value of $75,000.00. Following the completion of the transaction, the director directly owned 23,934 shares of the company’s stock, valued at $1,196,700. This trade represents a 5.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Paul Gu purchased 100,000 shares of Upstart stock in a transaction dated Tuesday, November 11th. The shares were purchased at an average price of $39.23 per share, with a total value of $3,923,000.00. Following the completion of the transaction, the chief technology officer directly owned 80,000 shares in the company, valued at approximately $3,138,400. This represents a -500.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have sold 16,707 shares of company stock valued at $633,080. 16.67% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on UPST shares. Needham & Company LLC decreased their target price on Upstart from $82.00 to $56.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Stephens decreased their price objective on Upstart from $55.00 to $40.00 and set an “equal weight” rating for the company in a report on Wednesday, November 5th. Bank of America lowered their price objective on Upstart from $81.00 to $71.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Upstart in a report on Monday, December 29th. Finally, The Goldman Sachs Group reiterated a “sell” rating and issued a $40.00 target price on shares of Upstart in a research note on Thursday, November 6th. Six analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $60.36.

Upstart Stock Up 0.4%

Shares of NASDAQ UPST opened at $46.28 on Friday. The company has a market cap of $4.50 billion, a P/E ratio of 210.37 and a beta of 2.28. Upstart Holdings, Inc. has a 52 week low of $31.40 and a 52 week high of $96.43. The business has a 50-day simple moving average of $45.39 and a two-hundred day simple moving average of $56.66.

Upstart (NASDAQ:UPST) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.10. Upstart had a net margin of 3.33% and a return on equity of 3.68%. The firm had revenue of $258.54 million for the quarter, compared to the consensus estimate of $288.94 million. During the same period in the prior year, the firm posted ($0.07) earnings per share. The company’s revenue for the quarter was up 70.9% on a year-over-year basis. Equities research analysts anticipate that Upstart Holdings, Inc. will post -0.03 EPS for the current year.

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.