Upstart (NASDAQ:UPST) Insider Sanjay Datta Sells 15,000 Shares

Upstart Holdings, Inc. (NASDAQ:UPST) insider Sanjay Datta sold 15,000 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $30.41, for a total value of $456,150.00. Following the sale, the insider owned 313,556 shares of the company’s stock, valued at $9,535,237.96. The trade was a 4.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 stock was sold at an average price of $28.77, for a total value of $229,728.45.
• On Friday, May 15th, Sanjay Datta sold 1,817 shares of Upstart stock. The stock was sold at an average price of $29.56, for a total value of $53,710.52.

Upstart Price Performance

NASDAQ UPST opened at $31.79 on Friday. The business has a fifty day moving average price of $30.19 and a two-hundred day moving average price of $35.66. Upstart Holdings, Inc. has a fifty-two week low of $23.97 and a fifty-two week high of $87.30. The stock has a market capitalization of $3.04 billion, a PE ratio of 83.66, a PEG ratio of 0.80 and a beta of 2.26.

Upstart (NASDAQ:UPST) last released its earnings results on Tuesday, May 5th. The company reported ($0.07) earnings per share 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 the consensus estimate of $301.30 million. During the same quarter in the previous year, the company earned $0.30 earnings per share. The firm’s revenue for the quarter was up 44.3% on a year-over-year basis. As a group, sell-side analysts expect that Upstart Holdings, Inc. will post 0.92 earnings per share for the current year.

Upstart announced that its board has authorized 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 repurchase up to 3.2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

UPST has been the subject of several recent analyst reports. Citizens Jmp restated a “market underperform” rating and set a $20.00 target price on shares of Upstart in a research note on Friday, February 13th. Citigroup restated a “market underperform” rating on shares of Upstart in a research note on Thursday. Compass Point upgraded Upstart from a “sell” rating to a “neutral” rating and increased their price target for the company from $20.00 to $30.00 in a research note on Tuesday, February 17th. The Goldman Sachs Group upgraded Upstart from a “sell” rating to a “neutral” rating and dropped their price target for the company from $44.00 to $35.00 in a research note on Friday, February 13th. Finally, Mizuho set a $45.00 price target on Upstart in a research note on Friday, May 8th. Seven equities research 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, the stock presently has a consensus rating of “Hold” and an average target price of $44.73.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Clearstead Advisors LLC acquired a new stake in Upstart in the third quarter valued at $25,000. Bayforest Capital Ltd acquired a new stake in Upstart in the fourth quarter valued at $25,000. Quarry LP increased its holdings in Upstart by 749.2% in the third quarter. Quarry LP now owns 501 shares of the company’s stock valued at $25,000 after purchasing an additional 442 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Upstart by 132.2% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 771 shares of the company’s stock valued at $39,000 after purchasing an additional 439 shares during the period. Finally, Empowered Funds LLC acquired a new stake in Upstart in the fourth quarter valued at $40,000. 63.01% of the stock is currently owned by institutional investors.

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.