Upstart (NASDAQ:UPST) Insider Sells $27,417.39 in Stock

Upstart Holdings, Inc. (NASDAQ:UPST) insider Natalia Mirgorodskaya sold 913 shares of the firm’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $30.03, for a total value of $27,417.39. Following the completion of the transaction, the insider owned 35,875 shares in the company, valued at $1,077,326.25. This represents a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, August 20th, Natalia Mirgorodskaya sold 586 shares of Upstart stock. The stock was sold at an average price of $28.09, for a total value of $16,460.74.

Upstart Stock Performance

Shares of NASDAQ UPST opened at $29.08 on Friday. Upstart Holdings, Inc. has a 52-week low of $23.97 and a 52-week high of $76.95. The stock has a market cap of $2.83 billion, a P/E ratio of 59.35, a P/E/G ratio of 1.02 and a beta of 2.29. The firm has a 50 day moving average price of $30.72 and a 200 day moving average price of $30.03.

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

Hedge Funds Weigh In On Upstart

A number of hedge funds have recently added to or reduced their stakes in the stock. Jericho Capital Asset Management L.P. grew its holdings in shares of Upstart by 11.9% during the 4th quarter. Jericho Capital Asset Management L.P. now owns 5,011,809 shares of the company’s stock worth $219,166,000 after purchasing an additional 531,000 shares in the last quarter. Morgan Stanley increased its position in shares of Upstart by 154.6% in the fourth quarter. Morgan Stanley now owns 4,206,615 shares of the company’s stock worth $183,955,000 after purchasing an additional 2,554,591 shares during the period. California State Teachers Retirement System raised its stake in Upstart by 3,247.5% in the second quarter. California State Teachers Retirement System now owns 3,370,739 shares of the company’s stock valued at $119,425,000 after purchasing an additional 3,270,046 shares in the last quarter. Geode Capital Management LLC raised its stake in Upstart by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 2,068,515 shares of the company’s stock valued at $90,469,000 after purchasing an additional 26,734 shares in the last quarter. Finally, Halter Ferguson Financial Inc. lifted its position in Upstart by 253.3% during the first quarter. Halter Ferguson Financial Inc. now owns 1,467,360 shares of the company’s stock worth $37,638,000 after purchasing an additional 1,052,039 shares during the period. Institutional investors own 63.01% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Needham & Company LLC lifted their target price on Upstart from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Wall Street Zen raised shares of Upstart from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Morgan Stanley set a $35.00 price target on Upstart in a report on Thursday, May 7th. Weiss Ratings upgraded Upstart from a “sell (d)” rating to a “hold (c-)” rating in a report on Monday, August 17th. Finally, Mizuho set a $45.00 price target on shares of Upstart in a research note on Friday, May 8th. Eight analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Upstart currently has an average rating of “Hold” and an average target price of $44.40.

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.