Upstart (NASDAQ:UPST) Insider Sells $3,165,640.00 in Stock

Upstart Holdings, Inc. (NASDAQ:UPST) insider Sanjay Datta sold 116,000 shares of the business’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $27.29, for a total transaction of $3,165,640.00. Following the completion of the sale, the insider directly owned 476,578 shares of the company’s stock, valued at $13,005,813.62. This represents a 19.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, August 20th, Sanjay Datta sold 8,945 shares of Upstart stock. The shares were sold at an average price of $28.09, for a total value of $251,265.05.
• On Wednesday, August 19th, Sanjay Datta sold 10,000 shares of Upstart stock. The shares were sold at an average price of $31.46, for a total value of $314,600.00.
• On Monday, August 17th, Sanjay Datta sold 2,033 shares of Upstart stock. The shares were sold at an average price of $29.36, for a total value of $59,688.88.

Upstart Stock Performance

UPST stock traded down $0.79 during trading on Thursday, hitting $25.10. 4,111,342 shares of the company traded hands, compared to its average volume of 3,980,296. The company has a 50-day moving average of $29.60 and a 200-day moving average of $29.68. Upstart Holdings, Inc. has a 1 year low of $23.97 and a 1 year high of $71.38. The firm has a market capitalization of $2.44 billion, a PE ratio of 51.22, a P/E/G ratio of 0.92 and a beta of 2.16.

Upstart (NASDAQ:UPST) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). Upstart had a return on equity of 7.13% and a net margin of 4.84%.The company had revenue of $364.71 million during the quarter, compared to analysts’ expectations of $354.74 million. During the same period last year, the firm earned $0.36 earnings per share. Upstart’s revenue for the quarter was up 41.9% on a year-over-year basis. Sell-side analysts expect that Upstart Holdings, Inc. will post 0.72 EPS for the current year.

Analysts Set New Price Targets

UPST has been the subject of several analyst reports. BTIG Research reissued a “buy” rating and set a $43.00 price target on shares of Upstart in a research report on Wednesday, August 5th. Needham & Company LLC boosted their price objective on shares of Upstart from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. The Goldman Sachs Group boosted their price target on Upstart from $32.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Wall Street Zen upgraded Upstart from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Citigroup reduced their target price on Upstart from $80.00 to $61.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Eight investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Upstart has an average rating of “Hold” and an average price target of $43.75.

Institutional Trading of Upstart

A number of large investors have recently added to or reduced their stakes in the company. Maxi Investments CY Ltd purchased a new stake in Upstart during the second quarter valued at $6,852,000. Halter Ferguson Financial Inc. grew its position in Upstart by 102.2% in the fourth quarter. Halter Ferguson Financial Inc. now owns 415,321 shares of the company’s stock worth $18,162,000 after acquiring an additional 209,915 shares in the last quarter. Azora Capital LP bought a new stake in Upstart during the fourth quarter worth approximately $38,580,000. Norges Bank purchased a new stake in Upstart during the fourth quarter valued at approximately $49,915,000. Finally, First Trust Advisors LP lifted its stake in shares of Upstart by 17.2% in the 1st quarter. First Trust Advisors LP now owns 373,455 shares of the company’s stock valued at $9,579,000 after purchasing an additional 54,908 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

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.