Upstart (NASDAQ:UPST) Insider Sanjay Datta Sells 8,945 Shares of Stock

Upstart Holdings, Inc. (NASDAQ:UPST) insider Sanjay Datta sold 8,945 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $28.09, for a total transaction of $251,265.05. Following the completion of the transaction, the insider directly owned 292,578 shares in the company, valued at approximately $8,218,516.02. The trade was a 2.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Sanjay Datta also recently made the following trade(s):

• On Wednesday, August 19th, Sanjay Datta sold 10,000 shares of Upstart stock. The shares were sold at an average price of $31.46, for a total value of $314,600.00.
• On Monday, August 17th, Sanjay Datta sold 2,033 shares of Upstart stock. The stock was sold at an average price of $29.36, for a total value of $59,688.88.
• On Tuesday, June 9th, Sanjay Datta sold 15,000 shares of Upstart stock. The stock was sold at an average price of $30.41, for a total value of $456,150.00.

Upstart Stock Up 5.0%

NASDAQ:UPST opened at $30.30 on Friday. The stock has a market cap of $2.95 billion, a P/E ratio of 61.84, a PEG ratio of 1.02 and a beta of 2.29. The business’s 50-day moving average price is $30.91 and its two-hundred day moving average price is $30.30. Upstart Holdings, Inc. has a twelve month low of $23.97 and a twelve month high of $76.95.

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). The business had revenue of $364.71 million for the quarter, compared to analysts’ expectations of $354.74 million. Upstart had a return on equity of 7.13% and a net margin of 4.84%.The firm’s revenue for the quarter was up 41.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.36 EPS. On average, equities research analysts expect that Upstart Holdings, Inc. will post 0.72 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on UPST. Citigroup cut their target price on shares of Upstart from $80.00 to $61.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. The Goldman Sachs Group lifted their price target on Upstart from $32.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. BTIG Research reiterated a “buy” rating and set a $43.00 price objective on shares of Upstart in a research report on Wednesday, August 5th. Piper Sandler raised their price objective on Upstart from $46.00 to $51.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Finally, Weiss Ratings upgraded Upstart from a “sell (d)” rating to a “hold (c-)” rating in a research report on Monday. Eight equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $44.40.

Institutional Trading of Upstart

Several hedge funds have recently added to or reduced their stakes in the business. Jericho Capital Asset Management L.P. grew its stake in shares of Upstart by 11.9% during the fourth quarter. Jericho Capital Asset Management L.P. now owns 5,011,809 shares of the company’s stock valued at $219,166,000 after buying an additional 531,000 shares during the last quarter. Morgan Stanley grew its position in Upstart by 154.6% during the 4th quarter. Morgan Stanley now owns 4,206,615 shares of the company’s stock worth $183,955,000 after acquiring an additional 2,554,591 shares during the last quarter. Geode Capital Management LLC increased its stake in Upstart by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 2,068,515 shares of the company’s stock worth $90,469,000 after purchasing an additional 26,734 shares during the period. Halter Ferguson Financial Inc. grew its holdings in shares of Upstart by 253.3% in 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 last quarter. Finally, Norges Bank purchased a new stake in Upstart during the 4th quarter valued at $49,915,000. 63.01% of the stock is owned by institutional investors.

Upstart News Roundup

Here are the key news stories impacting Upstart this week:

• Positive Sentiment: Planned Upstart Bank is the main bullish catalyst. CEO Paul Gu said Upstart expects to launch Upstart Bank early next year as part of the company’s “second leg” of development. Management believes the bank could improve access to funding, increase control over loan origination, and support expansion into secured products such as home and auto lending. Upstart Is Up After Announcing Plans to Launch Upstart Bank
• Positive Sentiment: Some analysts see meaningful upside. A recent analysis estimated that UPST could be approximately 28% undervalued if management can make its AI lending platform consistently profitable and successfully broaden into secured credit. The company’s consensus price target of $44.40 also remains above recent trading levels, although the average rating is “Hold.” Upstart Could Be 28% Undervalued
• Neutral Sentiment: Recent insider sales appear primarily tax-related. Sanjay Datta sold 10,000 shares for approximately $314,600 on August 19 and another 8,945 shares for about $251,265 on August 20. Natalia Mirgorodskaya sold 586 shares for approximately $16,461, while CFO Andrea Blankmeyer also reported August sales. The filings state that the transactions covered tax withholding obligations tied to vested equity awards, making them a weaker bearish signal; the executives retained significant holdings. SEC Insider Trading Filing
• Negative Sentiment: Profitability and valuation remain risks. Upstart’s latest quarterly EPS of $0.16 missed the $0.18 consensus estimate, despite revenue growing 41.9% year over year to $364.71 million. With a relatively high earnings multiple and recent share-price weakness, investors may remain cautious until the bank strategy produces sustained profits. Why Upstart Stock Slid

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.