Natalia Mirgorodskaya Sells 526 Shares of Upstart (NASDAQ:UPST) Stock

Upstart Holdings, Inc. (NASDAQ:UPST) insider Natalia Mirgorodskaya sold 526 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $28.77, for a total value of $15,133.02. Following the sale, the insider directly owned 38,348 shares of the company’s stock, valued at $1,103,271.96. This represents a 1.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Natalia Mirgorodskaya also recently made the following trade(s):

• On Wednesday, February 25th, Natalia Mirgorodskaya sold 866 shares of Upstart stock. The stock was sold at an average price of $28.79, for a total value of $24,932.14.

Upstart Price Performance

NASDAQ UPST opened at $28.56 on Friday. The business has a 50 day simple moving average of $28.75 and a 200 day simple moving average of $36.46. Upstart Holdings, Inc. has a one year low of $23.97 and a one year high of $87.30. The stock has a market capitalization of $2.73 billion, a P/E ratio of 75.16, a P/E/G ratio of 0.77 and a beta of 2.26.

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

Upstart announced that its board has approved a stock repurchase program on Thursday, February 19th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to reacquire up to 3.2% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Citigroup cut Upstart from a “buy” rating to a “strong sell” rating in a research note on Friday, February 13th. Citizens Jmp reiterated a “market underperform” rating and issued a $20.00 price target on shares of Upstart in a report on Friday, February 13th. Truist Financial set a $40.00 price target on Upstart in a report on Wednesday, May 6th. The Goldman Sachs Group upgraded Upstart from a “sell” rating to a “neutral” rating and cut their price target for the stock from $44.00 to $35.00 in a report on Friday, February 13th. Finally, Compass Point upgraded Upstart from a “sell” rating to a “neutral” rating and increased their price target for the stock from $20.00 to $30.00 in a report on Tuesday, February 17th. Seven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $45.79.

Institutional Trading of Upstart

Institutional investors and hedge funds have recently modified their holdings of the stock. Erste Asset Management GmbH purchased a new stake in shares of Upstart in the third quarter worth approximately $4,237,000. Citigroup Inc. raised its stake in shares of Upstart by 71.5% in the third quarter. Citigroup Inc. now owns 550,138 shares of the company’s stock worth $27,947,000 after purchasing an additional 229,315 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Upstart by 31.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 971,856 shares of the company’s stock worth $49,370,000 after purchasing an additional 232,595 shares during the last quarter. Quantbot Technologies LP raised its stake in shares of Upstart by 1,066.4% in the third quarter. Quantbot Technologies LP now owns 147,316 shares of the company’s stock worth $7,484,000 after purchasing an additional 134,686 shares during the last quarter. Finally, Neo Ivy Capital Management purchased a new stake in shares of Upstart in the third quarter worth approximately $3,218,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Upstart

Here are the key news stories impacting Upstart this week:

• Negative Sentiment: Several law firms, including Faruqi & Faruqi, The Schall Law Firm, Rosen, Robbins, Pomerantz, Bronstein Gewirtz & Grossman, Bernstein Liebhard, SueWallSt, and Bragar Eagel & Squire, issued reminders or alerts about the ongoing Upstart securities fraud class action and the approaching June 8 deadline. Article Title
• Negative Sentiment: Pomerantz and other firms said the lawsuit was filed on behalf of investors who bought Upstart shares during the class period, alleging harm from the company’s disclosures and naming certain officers as defendants. Article Title
• Negative Sentiment: More legal follow-through from investor-rights firms suggests the litigation remains active and could keep sentiment cautious around Upstart in the near term. Article Title
• Neutral Sentiment: Upstart also announced upcoming fireside chats for its CFO and CEO at the Mizuho Technology Conference and Morgan Stanley U.S. Financials Conference, which could provide a near-term update on strategy and fundamentals. Article Title
• Neutral Sentiment: A commentary piece argued Upstart still has an AI-lending “moonshot” case, noting elevated short interest and ongoing debate over the company’s growth outlook. Article Title

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.