Upstart (NASDAQ:UPST) Insider Sells $456,150.00 in Stock

Upstart Holdings, Inc. (NASDAQ:UPST) insider Sanjay Datta sold 15,000 shares of Upstart stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $30.41, for a total transaction of $456,150.00. Following the completion of the transaction, the insider directly owned 313,556 shares in the company, valued at $9,535,237.96. The trade was a 4.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, May 20th, Sanjay Datta sold 7,985 shares of Upstart stock. The shares were sold at an average price of $28.77, for a total transaction of $229,728.45.
• 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 Upstart stock opened at $30.50 on Friday. The firm’s fifty day simple moving average is $30.29 and its 200-day simple moving average is $35.62. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 80.26, a PEG ratio of 0.80 and a beta of 2.26. Upstart Holdings, Inc. has a 12 month low of $23.97 and a 12 month high of $87.30.

Upstart (NASDAQ:UPST) last announced its earnings results on Tuesday, May 5th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.46). The business had revenue of $308.21 million during 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 business’s revenue was up 44.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.30 earnings per share. Analysts anticipate that Upstart Holdings, Inc. will post 0.92 earnings per share for the current year.

Upstart declared that its Board of Directors has approved a share repurchase plan on Thursday, February 19th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 3.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on UPST shares. Zacks Research upgraded shares of Upstart from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Compass Point upgraded shares of Upstart from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $20.00 to $30.00 in a research report on Tuesday, February 17th. Piper Sandler lowered their price objective on shares of Upstart from $56.00 to $46.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Mizuho set a $45.00 price objective on shares of Upstart in a research report on Friday, May 8th. Finally, Citigroup reiterated a “market underperform” rating on shares of Upstart in a research report on Thursday. Seven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $44.73.

Hedge Funds Weigh In On Upstart

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Clearstead Advisors LLC purchased a new stake in shares of Upstart during the 3rd quarter worth $25,000. Bayforest Capital Ltd purchased a new stake in shares of Upstart during the 4th quarter worth $25,000. Quarry LP boosted its position in shares of Upstart by 749.2% during the 3rd quarter. Quarry LP now owns 501 shares of the company’s stock worth $25,000 after purchasing an additional 442 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Upstart by 132.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 771 shares of the company’s stock worth $39,000 after purchasing an additional 439 shares in the last quarter. Finally, Empowered Funds LLC purchased a new stake in shares of Upstart during the 4th quarter worth $40,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

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.