Upstart (NASDAQ:UPST) Insider Sanjay Datta Sells 7,985 Shares

Upstart Holdings, Inc. (NASDAQ:UPST) insider Sanjay Datta sold 7,985 shares of Upstart stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $28.77, for a total transaction of $229,728.45. Following the completion of the transaction, the insider directly owned 328,556 shares in the company, valued at $9,452,556.12. This trade represents a 2.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Sanjay Datta also recently made the following trade(s):

• On Friday, May 15th, Sanjay Datta sold 1,817 shares of Upstart stock. The shares were sold at an average price of $29.56, for a total transaction of $53,710.52.

Upstart Price Performance

Shares of NASDAQ:UPST opened at $28.56 on Friday. The company’s 50 day simple moving average is $28.75 and its 200 day simple moving average is $36.46. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 75.16, a price-to-earnings-growth ratio of 0.77 and a beta of 2.26. Upstart Holdings, Inc. has a 1 year low of $23.97 and a 1 year high of $87.30.

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

Upstart announced that its board has authorized a share repurchase program on Thursday, February 19th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 3.2% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on UPST shares. Mizuho set a $45.00 target price on shares of Upstart in a research note on Friday, May 8th. Needham & Company LLC decreased their target price on shares of Upstart from $40.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Citizens Jmp reiterated a “market underperform” rating and set a $20.00 price target on shares of Upstart in a report on Friday, February 13th. BTIG Research reiterated a “buy” rating and set a $43.00 price target on shares of Upstart in a report on Wednesday, May 6th. Finally, Morgan Stanley set a $35.00 price target on shares of Upstart in a report on Thursday, May 7th. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $45.79.

Upstart News Summary

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

Hedge Funds Weigh In On Upstart

Hedge funds have recently modified their holdings of the business. Clearstead Advisors LLC acquired a new position in shares of Upstart during the third quarter worth $25,000. Bayforest Capital Ltd acquired a new position in Upstart in the fourth quarter valued at $25,000. Quarry LP lifted its holdings in Upstart by 749.2% in the third quarter. Quarry LP now owns 501 shares of the company’s stock valued at $25,000 after buying an additional 442 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Upstart by 132.2% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 771 shares of the company’s stock valued at $39,000 after buying an additional 439 shares during the period. Finally, Empowered Funds LLC acquired a new position in Upstart in the fourth quarter valued at $40,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

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.