Perigon Wealth Management LLC Makes New $931,000 Investment in Upstart Holdings, Inc. $UPST

Perigon Wealth Management LLC bought a new stake in shares of Upstart Holdings, Inc. (NASDAQ:UPST) during the second quarter, HoldingsChannel reports. The institutional investor bought 26,276 shares of the company’s stock, valued at approximately $931,000.

Other hedge funds also recently modified their holdings of the company. Bayforest Capital Ltd acquired a new stake in shares of Upstart during the 4th quarter worth approximately $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. Empowered Funds LLC bought a new position in Upstart in the fourth quarter valued at approximately $40,000. Finally, Bogart Wealth LLC bought a new position in Upstart in the fourth quarter valued at approximately $44,000. Institutional investors own 63.01% of the company’s stock.

Insiders Place Their Bets

In other news, insider Sanjay Datta sold 15,000 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $30.41, for a total value of $456,150.00. Following the completion of the transaction, the insider owned 313,556 shares of the company’s stock, valued at $9,535,237.96. The trade was a 4.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Natalia Mirgorodskaya sold 974 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $28.99, for a total transaction of $28,236.26. Following the completion of the sale, the insider owned 37,374 shares of the company’s stock, valued at approximately $1,083,472.26. This represents a 2.54% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 17.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Weiss Ratings upgraded shares of Upstart from a “sell (d)” rating to a “hold (c-)” rating in a research report on Monday. Jefferies Financial Group restated a “hold” rating and issued a $30.00 price target on shares of Upstart in a research report on Tuesday, June 9th. Piper Sandler lifted their price objective on Upstart from $46.00 to $51.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Mizuho set a $45.00 price objective on Upstart in a research note on Friday, May 8th. Finally, The Goldman Sachs Group upped their price objective on Upstart from $32.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Eight equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $44.40.

Upstart Price Performance

Upstart stock opened at $29.11 on Wednesday. The company’s 50 day simple moving average is $30.97 and its 200 day simple moving average is $30.45. Upstart Holdings, Inc. has a fifty-two week low of $23.97 and a fifty-two week high of $76.95. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of 59.41, a PEG ratio of 1.07 and a beta of 2.29.

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

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.