State of New Jersey Common Pension Fund D Boosts Holdings in Upstart Holdings, Inc. $UPST

State of New Jersey Common Pension Fund D increased its holdings in Upstart Holdings, Inc. (NASDAQ:UPST) by 69.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,894 shares of the company’s stock after purchasing an additional 23,407 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Upstart were worth $2,488,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in UPST. GC Wealth Management RIA LLC increased its stake in Upstart by 8.4% in the 4th quarter. GC Wealth Management RIA LLC now owns 249,474 shares of the company’s stock worth $10,909,000 after acquiring an additional 19,402 shares during the last quarter. Bogart Wealth LLC bought a new stake in Upstart in the 4th quarter worth approximately $44,000. Wealthfront Advisers LLC increased its stake in Upstart by 40.8% in the 4th quarter. Wealthfront Advisers LLC now owns 8,032 shares of the company’s stock worth $351,000 after acquiring an additional 2,329 shares during the last quarter. Pictet Asset Management Holding SA increased its stake in Upstart by 11.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 13,510 shares of the company’s stock worth $591,000 after acquiring an additional 1,349 shares during the last quarter. Finally, WMG Financial Advisors LLC increased its stake in Upstart by 10.1% in the 4th quarter. WMG Financial Advisors LLC now owns 17,462 shares of the company’s stock worth $764,000 after acquiring an additional 1,600 shares during the last quarter. 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:

• Positive Sentiment: CEO visibility — Upstart’s co?founder and CEO will appear in a fireside chat at the J.P. Morgan Global TMT Conference, providing management a platform to discuss strategy and respond to investor questions. Business Wire: CEO Fireside Chat
• Positive Sentiment: Partnership momentum — Upstart announced a partnership with Justice Federal Credit Union to expand use of its lending platform, a sign of commercial traction that can support revenue growth. Yahoo Finance: Partnership
• Neutral Sentiment: Some analysts still constructive despite cuts — B. Riley trimmed its target to $54 (from $66) but kept a buy rating, and other firms reaffirmed buy/overweight stances, signaling that some investors view current weakness as a buying opportunity. MarketScreener: B. Riley target cut
• Neutral Sentiment: Piper Sandler lowered its target to $46 from $56 but kept an Overweight rating — the cut reflects concern after an adjusted?EBITDA miss but the maintained rating tempers the sell signal. 247WallStreet: Piper Sandler note
• Negative Sentiment: Q1 earnings shortfall — Upstart reported a Q1 EPS miss (company reported a loss vs. consensus) and an adjusted EBITDA miss that triggered selling; revenue grew but the profitability miss and widening loss hurt near?term sentiment. Business Wire: Q1 Results
• Negative Sentiment: Multiple securities?class?action filings and law?firm notices — Several firms (Pomerantz, Rosen, Faruqi, Bernstein Liebhard, Levi & Korsinsky, etc.) have announced suits or investor notices covering the May–Nov 2025 class period and a June 8 deadline for lead?plaintiff applications, increasing legal and headline risk. GlobeNewswire: Pomerantz filing GlobeNewswire: Rosen notice
• Negative Sentiment: Broader analyst target cuts after earnings — Beyond Piper, coverage notes that Morgan Stanley and Goldman previously cut targets (cited in industry alerts), adding to downward pressure as sell?side models are repriced lower. GlobeNewswire: Analyst target coverage mention

Insiders Place Their Bets

In related news, CFO Sanjay Datta sold 7,982 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $29.86, for a total transaction of $238,342.52. Following the sale, the chief financial officer owned 276,688 shares in the company, valued at approximately $8,261,903.68. This represents a 2.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders sold 9,481 shares of company stock worth $282,201. Corporate insiders own 16.67% of the company’s stock.

Wall Street Analyst Weigh In

UPST has been the topic of a number of research reports. BTIG Research reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Upstart in a research note on Wednesday. Zacks Research raised Upstart from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Compass Point raised Upstart from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $20.00 to $30.00 in a research note on Tuesday, February 17th. The Goldman Sachs Group raised Upstart from a “sell” rating to a “neutral” rating and reduced their price objective for the stock from $44.00 to $35.00 in a research note on Friday, February 13th. Finally, Truist Financial set a $40.00 price objective on Upstart in a research note on Wednesday. Seven research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $46.93.

Upstart Stock Performance

NASDAQ UPST opened at $28.70 on Thursday. The business’s 50 day moving average price is $28.65 and its 200-day moving average price is $38.17. Upstart Holdings, Inc. has a fifty-two week low of $23.97 and a fifty-two week high of $87.30. The company has a market cap of $2.75 billion, a P/E ratio of 75.53, a P/E/G ratio of 0.87 and a beta of 2.26.

Upstart (NASDAQ:UPST) last released its quarterly 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 net margin of 4.34% and a return on equity of 5.58%. The company had revenue of $308.21 million for the quarter, compared to analysts’ expectations of $301.30 million. During the same quarter in the previous year, the company posted $0.30 EPS. The business’s quarterly revenue was up 44.3% on a year-over-year basis. As a group, equities analysts predict that Upstart Holdings, Inc. will post 0.94 EPS for the current year.

Upstart announced that its board has authorized a stock buyback plan on Thursday, February 19th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 3.2% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

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.