Upstart (NASDAQ:UPST) CFO Sells $498,365.92 in Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sanjay Datta sold 13,624 shares of the company’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $36.58, for a total transaction of $498,365.92. Following the transaction, the chief financial officer directly owned 284,280 shares in the company, valued at approximately $10,398,962.40. This trade represents a 4.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Upstart Stock Up 5.2%

Shares of NASDAQ UPST traded up $1.93 during midday trading on Monday, hitting $39.02. The company had a trading volume of 4,564,311 shares, compared to its average volume of 6,598,427. The firm has a market capitalization of $3.80 billion, a price-to-earnings ratio of 177.37 and a beta of 2.27. Upstart Holdings, Inc. has a twelve month low of $31.40 and a twelve month high of $96.43. The business has a 50-day simple moving average of $49.90 and a two-hundred day simple moving average of $59.21.

Upstart (NASDAQ:UPST) last issued its earnings results on Tuesday, November 4th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $288.94 million. During the same period in the prior year, the business posted ($0.07) earnings per share. The firm’s revenue for the quarter 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. On average, equities analysts forecast that Upstart Holdings, Inc. will post -0.03 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Upstart in the 2nd quarter valued at about $67,777,000. Jericho Capital Asset Management L.P. raised its position in shares of Upstart by 22.6% in the third quarter. Jericho Capital Asset Management L.P. now owns 4,480,809 shares of the company’s stock valued at $227,625,000 after buying an additional 826,974 shares during the last quarter. Mane Global Capital Management LP acquired a new position in shares of Upstart in the second quarter valued at approximately $43,576,000. Clear Street Group Inc. purchased a new position in shares of Upstart during the third quarter valued at approximately $29,018,000. Finally, Invesco Ltd. boosted its position in Upstart by 79.0% during the first quarter. Invesco Ltd. now owns 1,270,352 shares of the company’s stock worth $58,474,000 after acquiring an additional 560,668 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on UPST. Citigroup dropped their price objective on Upstart from $100.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Morgan Stanley set a $45.00 price target on Upstart in a research report on Wednesday, November 5th. Piper Sandler cut their price target on Upstart from $80.00 to $56.00 and set an “overweight” rating for the company in a research note on Wednesday, November 5th. Stephens lowered their price objective on shares of Upstart from $55.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 5th. Finally, The Goldman Sachs Group restated a “sell” rating and set a $40.00 target price on shares of Upstart in a research report on Thursday, November 6th. Six research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $64.58.

Upstart Company Profile

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.