Insider Selling: Upstart (NASDAQ:UPST) Insider Sells 526 Shares of Stock

Upstart Holdings, Inc. (NASDAQ:UPST) insider Natalia Mirgorodskaya sold 526 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $28.77, for a total transaction of $15,133.02. Following the completion of the sale, the insider owned 38,348 shares of the company’s stock, valued at approximately $1,103,271.96. This represents a 1.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Wednesday, February 25th, Natalia Mirgorodskaya sold 866 shares of Upstart stock. The shares were sold at an average price of $28.79, for a total transaction of $24,932.14.

Upstart Price Performance

Shares of NASDAQ:UPST traded down $0.29 during trading hours on Friday, hitting $28.56. The company’s stock had a trading volume of 3,228,664 shares, compared to its average volume of 4,984,982. Upstart Holdings, Inc. has a 52 week low of $23.97 and a 52 week high of $87.30. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 75.16, a P/E/G ratio of 0.77 and a beta of 2.26. The firm’s fifty day moving average price is $28.73 and its 200 day moving average price is $36.52.

Upstart (NASDAQ:UPST) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.07) EPS 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 5.63%. The business had revenue of $308.21 million during the quarter, compared to the consensus estimate of $301.30 million. During the same quarter in the prior year, the firm posted $0.30 EPS. The company’s revenue for the quarter was up 44.3% compared to the same quarter last year. On average, equities research analysts predict that Upstart Holdings, Inc. will post 0.92 earnings per share for the current fiscal year.

Upstart announced that its board has approved a stock repurchase plan on Thursday, February 19th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to buy up to 3.2% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Trending Headlines about Upstart

Here are the key news stories impacting Upstart this week:

• Negative Sentiment: Several law firms, including Faruqi & Faruqi, The Schall Law Firm, Rosen, Robbins, Pomerantz, Bronstein Gewirtz & Grossman, Bernstein Liebhard, SueWallSt, and Bragar Eagel & Squire, issued reminders or alerts about the ongoing Upstart securities fraud class action and the approaching June 8 deadline. Article Title
• Negative Sentiment: Pomerantz and other firms said the lawsuit was filed on behalf of investors who bought Upstart shares during the class period, alleging harm from the company’s disclosures and naming certain officers as defendants. Article Title
• Negative Sentiment: More legal follow-through from investor-rights firms suggests the litigation remains active and could keep sentiment cautious around Upstart in the near term. Article Title
• Neutral Sentiment: Upstart also announced upcoming fireside chats for its CFO and CEO at the Mizuho Technology Conference and Morgan Stanley U.S. Financials Conference, which could provide a near-term update on strategy and fundamentals. Article Title
• Neutral Sentiment: A commentary piece argued Upstart still has an AI-lending “moonshot” case, noting elevated short interest and ongoing debate over the company’s growth outlook. Article Title

Institutional Investors Weigh In On Upstart

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Janus Henderson Group PLC lifted its position in Upstart by 15.1% during the first quarter. Janus Henderson Group PLC now owns 24,722 shares of the company’s stock valued at $634,000 after acquiring an additional 3,241 shares during the last quarter. Altshuler Shaham Ltd increased its stake in Upstart by 40.0% during the 1st quarter. Altshuler Shaham Ltd now owns 37,800 shares of the company’s stock valued at $970,000 after purchasing an additional 10,800 shares in the last quarter. California State Teachers Retirement System increased its stake in Upstart by 21.3% during the 1st quarter. California State Teachers Retirement System now owns 100,693 shares of the company’s stock valued at $2,583,000 after purchasing an additional 17,675 shares in the last quarter. Quantinno Capital Management LP increased its stake in Upstart by 30.9% during the 1st quarter. Quantinno Capital Management LP now owns 103,860 shares of the company’s stock valued at $2,664,000 after purchasing an additional 24,492 shares in the last quarter. Finally, Entropy Technologies LP acquired a new position in Upstart during the 1st quarter valued at approximately $384,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on UPST shares. Compass Point upgraded shares of Upstart from a “sell” rating to a “neutral” rating and raised their price target for the company from $20.00 to $30.00 in a report on Tuesday, February 17th. Citizens Jmp reissued a “market underperform” rating and set a $20.00 target price on shares of Upstart in a research report on Friday, February 13th. Zacks Research raised shares of Upstart from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. The Goldman Sachs Group raised shares of Upstart from a “sell” rating to a “neutral” rating and decreased their target price for the company from $44.00 to $35.00 in a research report on Friday, February 13th. Finally, Mizuho set a $45.00 target price on shares of Upstart in a research report on Friday, May 8th. Seven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Upstart currently has an average rating of “Hold” and a consensus price target of $45.79.

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.