Insider Selling: Upstart (NASDAQ:UPST) CFO Sells $210,658.00 in Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CFO Andrea Blankmeyer sold 7,175 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $29.36, for a total value of $210,658.00. Following the transaction, the chief financial officer directly owned 155,208 shares of the company’s stock, valued at $4,556,906.88. This trade represents a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Andrea Blankmeyer also recently made the following trade(s):

• On Wednesday, August 19th, Andrea Blankmeyer sold 3,000 shares of Upstart stock. The shares were sold at an average price of $29.33, for a total value of $87,990.00.

Upstart Trading Up 5.1%

UPST traded up $1.49 during trading on Wednesday, reaching $30.60. 5,884,208 shares of the company were exchanged, compared to its average volume of 4,783,915. Upstart Holdings, Inc. has a 52 week low of $23.97 and a 52 week high of $76.95. The firm has a 50 day moving average of $30.97 and a 200 day moving average of $30.45. The stock has a market cap of $2.98 billion, a P/E ratio of 62.45, a PEG ratio of 1.07 and a beta of 2.29.

Upstart (NASDAQ:UPST) last posted its earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). Upstart had a net margin of 4.84% and a return on equity of 7.13%. The company had revenue of $364.71 million during the quarter, compared to the consensus estimate of $354.74 million. During the same quarter in the previous year, the business posted $0.36 earnings per share. The business’s quarterly revenue was up 41.9% compared to the same quarter last year. As a group, analysts forecast that Upstart Holdings, Inc. will post 0.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

UPST has been the subject of several recent analyst reports. Jefferies Financial Group restated a “hold” rating and issued a $30.00 target price on shares of Upstart in a research report on Tuesday, June 9th. Wall Street Zen raised Upstart from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Truist Financial set a $40.00 price target on Upstart in a research note on Wednesday, May 6th. Mizuho set a $45.00 price objective on shares of Upstart in a research note on Friday, May 8th. Finally, Morgan Stanley set a $35.00 target price on shares of Upstart in a research report on Thursday, May 7th. Eight research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $44.40.

Institutional Investors Weigh In On Upstart

Institutional investors and hedge funds have recently bought and sold shares of the business. Beacon Pointe Advisors LLC bought a new position in shares of Upstart during the 2nd quarter valued at about $298,000. Orion Capital Management LLC acquired a new stake in Upstart during the second quarter valued at approximately $96,000. Coastal Bridge Advisors LLC acquired a new stake in Upstart during the second quarter valued at approximately $1,264,000. Corient Private Wealth LP bought a new stake in Upstart during the second quarter worth approximately $1,971,000. Finally, Freestone Grove Partners LP acquired a new position in Upstart in the second quarter worth approximately $300,000. 63.01% of the stock is owned by institutional investors and hedge funds.

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.