Insider Selling: Upstart (NASDAQ:UPST) Insider Sells $314,600.00 in Stock

Upstart Holdings, Inc. (NASDAQ:UPST) insider Sanjay Datta sold 10,000 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $31.46, for a total value of $314,600.00. Following the transaction, the insider owned 301,523 shares in the company, valued at approximately $9,485,913.58. This trade represents a 3.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 Thursday, August 20th, Sanjay Datta sold 8,945 shares of Upstart stock. The shares were sold at an average price of $28.09, for a total value of $251,265.05.
• On Monday, August 17th, Sanjay Datta sold 2,033 shares of Upstart stock. The shares were sold at an average price of $29.36, for a total value of $59,688.88.
• On Tuesday, June 9th, Sanjay Datta sold 15,000 shares of Upstart stock. The stock was sold at an average price of $30.41, for a total value of $456,150.00.

Upstart Stock Performance

Shares of NASDAQ UPST traded up $1.44 during mid-day trading on Friday, reaching $30.30. The company had a trading volume of 4,623,760 shares, compared to its average volume of 4,801,834. Upstart Holdings, Inc. has a one year low of $23.97 and a one year high of $76.95. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 61.84, a PEG ratio of 1.08 and a beta of 2.29. The business’s 50-day simple moving average is $30.92 and its 200 day simple moving average is $30.30.

Upstart (NASDAQ:UPST) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.02). The firm had revenue of $364.71 million for the quarter, compared to the consensus estimate of $354.74 million. Upstart had a return on equity of 7.13% and a net margin of 4.84%.The company’s revenue for the quarter was up 41.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.36 EPS. On average, sell-side analysts anticipate that Upstart Holdings, Inc. will post 0.72 EPS for the current year.

Institutional Trading of Upstart

A number of hedge funds and other institutional investors have recently modified their holdings of UPST. EMC Capital Management acquired a new position in shares of Upstart during the second quarter worth $234,000. Headlands Technologies LLC grew its position in Upstart by 42.5% during the 2nd quarter. Headlands Technologies LLC now owns 113,300 shares of the company’s stock worth $4,014,000 after acquiring an additional 33,799 shares during the last quarter. Two Sigma Securities LLC bought a new position in Upstart in the second quarter valued at about $255,000. Beacon Pointe Advisors LLC bought a new stake in shares of Upstart during the second quarter worth about $298,000. Finally, Orion Capital Management LLC bought a new stake in shares of Upstart during the second quarter worth about $96,000. Institutional investors own 63.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Needham & Company LLC increased their price target on shares of Upstart from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. The Goldman Sachs Group boosted their price objective on shares of Upstart from $32.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Truist Financial set a $40.00 target price on Upstart in a research note on Wednesday, May 6th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $30.00 target price on shares of Upstart in a report on Tuesday, June 9th. Finally, Morgan Stanley set a $35.00 price target on Upstart in a research note on Thursday, May 7th. Eight research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Upstart currently has an average rating of “Hold” and a consensus target price of $44.40.

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.