Upstart (NASDAQ:UPST) CFO Andrea Blankmeyer Sells 7,175 Shares

Upstart Holdings, Inc. (NASDAQ:UPST) CFO Andrea Blankmeyer sold 7,175 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $29.36, for a total transaction of $210,658.00. Following the completion of the transaction, the chief financial officer directly owned 155,208 shares in the company, valued at $4,556,906.88. This represents a 4.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Andrea Blankmeyer also recently made the following trade(s):

• On Wednesday, August 19th, Andrea Blankmeyer sold 3,000 shares of Upstart stock. The shares were sold at an average price of $29.33, for a total transaction of $87,990.00.

Upstart Price Performance

Upstart stock opened at $30.60 on Thursday. The stock’s 50 day moving average price is $30.97 and its 200 day moving average price is $30.37. Upstart Holdings, Inc. has a 1-year low of $23.97 and a 1-year high of $76.95. The company has a market cap of $2.98 billion, a PE ratio of 62.45, a price-to-earnings-growth ratio of 1.03 and a beta of 2.29.

Upstart (NASDAQ:UPST) last issued its earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). Upstart had a net margin of 4.84% and a return on equity of 7.13%. The company had revenue of $364.71 million during the quarter, compared to analysts’ expectations of $354.74 million. During the same period last year, the business posted $0.36 earnings per share. The company’s quarterly revenue was up 41.9% on a year-over-year basis. On average, equities research analysts anticipate that Upstart Holdings, Inc. will post 0.72 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on UPST shares. BTIG Research restated a “buy” rating and issued a $43.00 price target on shares of Upstart in a report on Wednesday, August 5th. Needham & Company LLC lifted their price target on shares of Upstart from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Wall Street Zen raised shares of Upstart from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings upgraded Upstart from a “sell (d)” rating to a “hold (c-)” rating in a research note on Monday. Finally, Citigroup cut their price target on Upstart from $80.00 to $61.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $44.40.

Institutional Investors Weigh In On Upstart

Several large investors have recently modified their holdings of UPST. Halter Ferguson Financial Inc. raised its position in Upstart by 102.2% during the fourth quarter. Halter Ferguson Financial Inc. now owns 415,321 shares of the company’s stock valued at $18,162,000 after buying an additional 209,915 shares during the period. Azora Capital LP acquired a new position in shares of Upstart in the 4th quarter valued at about $38,580,000. Norges Bank purchased a new stake in shares of Upstart in the fourth quarter worth approximately $49,915,000. Maxi Investments CY Ltd purchased a new position in Upstart during the fourth quarter valued at approximately $8,457,000. Finally, First Trust Advisors LP increased its stake in Upstart by 17.2% in the 1st quarter. First Trust Advisors LP now owns 373,455 shares of the company’s stock valued at $9,579,000 after buying an additional 54,908 shares during the period. 63.01% of the stock is owned by institutional investors.

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.