Norges Bank Makes New Investment in Upstart Holdings, Inc. $UPST

Norges Bank bought a new position in Upstart Holdings, Inc. (NASDAQ:UPST) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,141,425 shares of the company’s stock, valued at approximately $49,915,000.

Other large investors have also recently bought and sold shares of the company. Cresset Asset Management LLC raised its stake in shares of Upstart by 3.3% during the second quarter. Cresset Asset Management LLC now owns 5,241 shares of the company’s stock valued at $339,000 after acquiring an additional 169 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Upstart by 3.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 7,448 shares of the company’s stock valued at $386,000 after purchasing an additional 218 shares during the period. Daiwa Securities Group Inc. increased its holdings in Upstart by 29.1% in the second quarter. Daiwa Securities Group Inc. now owns 1,068 shares of the company’s stock valued at $69,000 after purchasing an additional 241 shares during the period. Advisory Services Network LLC raised its position in Upstart by 5.3% during the 2nd quarter. Advisory Services Network LLC now owns 5,399 shares of the company’s stock worth $349,000 after purchasing an additional 272 shares during the last quarter. Finally, California State Teachers Retirement System raised its position in Upstart by 0.4% during the 2nd quarter. California State Teachers Retirement System now owns 76,368 shares of the company’s stock worth $4,939,000 after purchasing an additional 332 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors.

Key Stories Impacting Upstart

Here are the key news stories impacting Upstart this week:

• Negative Sentiment: A federal securities class action has been filed against Upstart and certain officers, alleging violations of U.S. securities laws and investor harm. Pomerantz Law Firm Announces the Filing of a Class Action Against Upstart Holdings, Inc. and Certain Officers – UPST
• Negative Sentiment: Several firms, including Rosen, Bragar Eagel & Squire, Faruqi & Faruqi, and the Schall Law Firm, are actively soliciting affected investors ahead of the June 8 deadline, reinforcing legal uncertainty around the stock. UPST IMPORTANT DEADLINE: ROSEN, SKILLED INVESTOR COUNSEL, Encourages Upstart Holdings, Inc. Investors to Secure Counsel Before Important June 8 Deadline in Securities Class Action – UPST
• Negative Sentiment: Additional “investor action” notices from law firms may keep attention on alleged flaws in Upstart’s disclosures and model oversight, which can weigh on sentiment. UPST INVESTOR ACTION: Faruqi & Faruqi, LLP Reminds Upstart (UPST) Investors of Securities Class Action Deadline on June 8, 2026

Analyst Ratings Changes

A number of research firms have recently commented on UPST. B. Riley Financial reduced their price objective on shares of Upstart from $66.00 to $54.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Compass Point raised shares of Upstart from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $20.00 to $30.00 in a research note on Tuesday, February 17th. BTIG Research restated a “buy” rating and issued a $43.00 target price on shares of Upstart in a report on Wednesday, May 6th. Mizuho set a $45.00 price target on shares of Upstart in a research report on Friday, May 8th. Finally, Citigroup downgraded Upstart from a “buy” rating to a “strong sell” rating in a report on Friday, February 13th. Seven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $45.79.

Upstart Price Performance

Shares of UPST stock opened at $29.74 on Monday. The company has a 50 day moving average of $29.70 and a 200-day moving average of $35.83. Upstart Holdings, Inc. has a 12-month low of $23.97 and a 12-month high of $87.30. The firm has a market cap of $2.85 billion, a P/E ratio of 78.26, a PEG ratio of 0.80 and a beta of 2.26.

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

Upstart declared that its board has initiated a share repurchase plan on Thursday, February 19th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 3.2% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Insider Activity

In related news, Director Dave Girouard purchased 170,240 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was acquired at an average price of $29.37 per share, with a total value of $4,999,948.80. Following the purchase, the director directly owned 8,512,941 shares in the company, valued at approximately $250,025,077.17. This represents a 2.04% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Paul Gu bought 50,000 shares of Upstart stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average cost of $27.50 per share, for a total transaction of $1,375,000.00. Following the purchase, the chief executive officer owned 70,000 shares of the company’s stock, valued at $1,925,000. The trade was a 250.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have sold 18,346 shares of company stock worth $535,522. Company insiders own 17.29% of the company’s stock.

Upstart 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.