Sanjay Datta Sells 1,817 Shares of Upstart (NASDAQ:UPST) Stock

Upstart Holdings, Inc. (NASDAQ:UPST) insider Sanjay Datta sold 1,817 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $29.56, for a total transaction of $53,710.52. Following the completion of the sale, the insider owned 336,541 shares of the company’s stock, valued at approximately $9,948,151.96. This trade represents a 0.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Friday, February 20th, Sanjay Datta sold 7,982 shares of Upstart stock. The shares were sold at an average price of $29.86, for a total value of $238,342.52.

Upstart Trading Up 0.5%

Shares of UPST opened at $28.08 on Wednesday. The stock has a 50 day moving average of $28.69 and a 200 day moving average of $36.76. Upstart Holdings, Inc. has a 12 month low of $23.97 and a 12 month high of $87.30. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of 73.89, a PEG ratio of 0.75 and a beta of 2.26.

Upstart (NASDAQ:UPST) last announced its earnings results on Tuesday, May 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.46). The business had revenue of $308.21 million for the quarter, compared to analysts’ expectations of $301.30 million. Upstart had a net margin of 4.34% and a return on equity of 5.63%. The company’s revenue for the quarter was up 44.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.30 earnings per share. As a group, equities research analysts predict that Upstart Holdings, Inc. will post 0.92 earnings per share for the current year.

Upstart declared that its board has authorized a share buyback plan on Thursday, February 19th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 3.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Institutional Investors Weigh In On Upstart

Several institutional investors have recently made changes to their positions in the stock. Clearstead Advisors LLC purchased a new position in shares of Upstart in the third quarter valued at $25,000. Bayforest Capital Ltd bought a new position in Upstart in the 4th quarter worth about $25,000. Quarry LP boosted its stake in Upstart by 749.2% in the 3rd quarter. Quarry LP now owns 501 shares of the company’s stock worth $25,000 after purchasing an additional 442 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Upstart by 132.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 771 shares of the company’s stock valued at $39,000 after buying an additional 439 shares in the last quarter. Finally, Empowered Funds LLC bought a new stake in shares of Upstart during the fourth quarter valued at about $40,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Analysts Set New Price Targets

UPST has been the subject of several research reports. Morgan Stanley set a $35.00 price objective on Upstart in a report on Thursday, May 7th. Zacks Research upgraded Upstart from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Truist Financial set a $40.00 price objective on Upstart in a report on Wednesday, May 6th. Piper Sandler dropped their price objective on shares of Upstart from $56.00 to $46.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Finally, Needham & Company LLC cut their target price on shares of Upstart from $40.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $45.79.

More Upstart News

Here are the key news stories impacting Upstart this week:

• Negative Sentiment: Pomerantz LLP announced a class action against Upstart and certain officers, adding to the legal overhang and reinforcing investor concerns about possible securities-law violations. Pomerantz Law Firm Announces the Filing of a Class Action Against Upstart Holdings, Inc.and Certain Officers – UPST
• Negative Sentiment: Berger Montague, Rosen Law Firm, the Schall Law Firm, Faruqi & Faruqi, Levi & Korsinsky, and Bronstein, Gewirtz & Grossman all published notices tied to the same class action, keeping litigation risk front and center for shareholders. UPSTART HOLDINGS, INC. (UPST) INVESTOR ALERT: Berger Montague Advises Investors to Inquire About a Securities Fraud Class Action
• Neutral Sentiment: Insider selling by CFO Andrea Blankmeyer and insider Sanjay Datta was disclosed, but both sales were reported as related to tax withholding on vested equity awards, making them less alarming than discretionary selling. SEC filing

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.