Quadrature Capital Ltd Acquires New Stake in Upstart Holdings, Inc. $UPST

Quadrature Capital Ltd bought a new position in Upstart Holdings, Inc. (NASDAQ:UPST) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 45,904 shares of the company’s stock, valued at approximately $2,970,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of UPST. Invesco Ltd. lifted its holdings in shares of Upstart by 79.0% in the first quarter. Invesco Ltd. now owns 1,270,352 shares of the company’s stock valued at $58,474,000 after purchasing an additional 560,668 shares in the last quarter. Driehaus Capital Management LLC raised its position in Upstart by 71.5% in the 1st quarter. Driehaus Capital Management LLC now owns 1,215,237 shares of the company’s stock valued at $55,937,000 after buying an additional 506,787 shares during the last quarter. Nuveen LLC bought a new stake in Upstart in the 1st quarter valued at approximately $19,098,000. KADENSA CAPITAL Ltd acquired a new position in Upstart during the 1st quarter worth approximately $18,972,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Upstart by 48.7% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 677,049 shares of the company’s stock worth $31,165,000 after acquiring an additional 221,881 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Insider Transactions at Upstart

In other Upstart news, CTO Paul Gu purchased 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The shares were acquired at an average price of $39.23 per share, for a total transaction of $3,923,000.00. Following the purchase, the chief technology officer owned 80,000 shares in the company, valued at approximately $3,138,400. The trade was a -500.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Sanjay Datta sold 13,624 shares of the firm’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $36.58, for a total value of $498,365.92. Following the sale, the chief financial officer directly owned 284,280 shares of the company’s stock, valued at $10,398,962.40. This represents a 4.57% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 63,813 shares of company stock valued at $3,740,767. Company insiders own 16.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on UPST. Weiss Ratings downgraded shares of Upstart from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday. Needham & Company LLC lowered their price target on shares of Upstart from $82.00 to $56.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. Citigroup cut their price target on shares of Upstart from $100.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Morgan Stanley set a $45.00 price objective on Upstart in a report on Wednesday, November 5th. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and issued a $40.00 target price on shares of Upstart in a research report on Thursday, November 6th. Six analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $64.58.

Upstart Price Performance

Shares of UPST stock opened at $45.12 on Friday. The company has a fifty day moving average price of $47.33 and a two-hundred day moving average price of $58.86. Upstart Holdings, Inc. has a one year low of $31.40 and a one year high of $96.43. The stock has a market cap of $4.39 billion, a P/E ratio of 205.08 and a beta of 2.26.

Upstart (NASDAQ:UPST) last issued its earnings results on Tuesday, November 4th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.10. Upstart had a net margin of 3.33% and a return on equity of 3.68%. The company had revenue of $258.54 million for the quarter, compared to analysts’ expectations of $288.94 million. During the same period in the prior year, the firm earned ($0.07) EPS. Upstart’s quarterly revenue was up 70.9% compared to the same quarter last year. Upstart has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Upstart Holdings, Inc. will post -0.03 EPS for the current fiscal year.

About Upstart

Upstart Holdings, Inc, together with its subsidiaries, operates a cloud-based artificial intelligence (AI) lending platform in the United States. Its platform includes personal loans, automotive retail and refinance loans, home equity lines of credit, and small dollar loans that connects consumer demand for loans to its to bank and credit unions.