Upstart (NASDAQ:UPST) Insider Natalia Mirgorodskaya Sells 974 Shares of Stock

Upstart Holdings, Inc. (NASDAQ:UPST) insider Natalia Mirgorodskaya sold 974 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $28.99, for a total value of $28,236.26. Following the transaction, the insider directly owned 37,374 shares of the company’s stock, valued at $1,083,472.26. This represents a 2.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, May 20th, Natalia Mirgorodskaya sold 526 shares of Upstart stock. The stock was sold at an average price of $28.77, for a total value of $15,133.02.

Upstart Price Performance

UPST stock opened at $30.72 on Thursday. The stock has a market capitalization of $2.94 billion, a P/E ratio of 80.84, a P/E/G ratio of 0.82 and a beta of 2.26. The business has a 50-day moving average of $28.95 and a 200-day moving average of $36.13. Upstart Holdings, Inc. has a fifty-two week low of $23.97 and a fifty-two week high of $87.30.

Upstart (NASDAQ:UPST) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.46). The firm had revenue of $308.21 million for the quarter, compared to analyst estimates of $301.30 million. Upstart had a return on equity of 5.63% and a net margin of 4.34%.The firm’s quarterly revenue was up 44.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.30 earnings per share. Equities analysts expect that Upstart Holdings, Inc. will post 0.92 EPS for the current year.

Upstart declared that its board has authorized a stock repurchase program on Thursday, February 19th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to repurchase up to 3.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. BTIG Research reissued a “buy” rating and set a $43.00 price target on shares of Upstart in a research report on Wednesday, May 6th. B. Riley Financial reduced their price target on Upstart from $66.00 to $54.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Compass Point raised Upstart from a “sell” rating to a “neutral” rating and increased their price target for the company from $20.00 to $30.00 in a research report on Tuesday, February 17th. Truist Financial set a $40.00 price target on Upstart in a research report on Wednesday, May 6th. Finally, Piper Sandler reduced their price target on Upstart from $56.00 to $46.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Upstart currently has an average rating of “Hold” and an average target price of $45.79.

Key Upstart News

Here are the key news stories impacting Upstart this week:

• Positive Sentiment: Insider Natalia Mirgorodskaya sold 974 shares under a pre-arranged Rule 10b5-1 plan, which reduces uncertainty around the trade and does not necessarily signal a change in outlook. Natalia Mirgorodskaya insider sale
• Neutral Sentiment: Several firms, including Berger Montague, Rosen Law Firm, and others, are reminding investors about the pending class action and lead-plaintiff deadline. These updates are largely procedural and mainly keep the lawsuit in the spotlight. Deadline approaching notice
• Negative Sentiment: The securities fraud class action itself is the key overhang, as investors accuse Upstart of breaking revenue-related promises and violating federal securities laws. That increases legal and headline risk for the stock. Securities fraud lawsuit

Institutional Trading of Upstart

Several hedge funds have recently added to or reduced their stakes in the company. Cresset Asset Management LLC lifted its holdings in Upstart by 3.3% during the 2nd quarter. Cresset Asset Management LLC now owns 5,241 shares of the company’s stock worth $339,000 after purchasing an additional 169 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Upstart by 3.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 7,448 shares of the company’s stock worth $386,000 after purchasing an additional 218 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in Upstart by 29.1% during the 2nd quarter. Daiwa Securities Group Inc. now owns 1,068 shares of the company’s stock worth $69,000 after purchasing an additional 241 shares during the last quarter. Advisory Services Network LLC lifted its holdings in Upstart by 5.3% during the 2nd quarter. Advisory Services Network LLC now owns 5,399 shares of the company’s stock worth $349,000 after purchasing an additional 272 shares during the last quarter. Finally, California State Teachers Retirement System lifted its holdings in Upstart by 0.4% during the 2nd quarter. California State Teachers Retirement System now owns 76,368 shares of the company’s stock worth $4,939,000 after purchasing an additional 332 shares during the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

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.