Upstart (NASDAQ:UPST) Insider Natalia Mirgorodskaya Sells 913 Shares of Stock

Upstart Holdings, Inc. (NASDAQ:UPST) insider Natalia Mirgorodskaya sold 913 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $30.03, for a total transaction of $27,417.39. Following the transaction, the insider owned 35,875 shares in the company, valued at $1,077,326.25. The trade was a 2.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, August 20th, Natalia Mirgorodskaya sold 586 shares of Upstart stock. The stock was sold at an average price of $28.09, for a total transaction of $16,460.74.

Upstart Stock Down 0.0%

NASDAQ:UPST traded down $0.01 during trading hours on Thursday, reaching $30.46. The company had a trading volume of 2,844,436 shares, compared to its average volume of 4,757,324. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 62.16, a P/E/G ratio of 1.08 and a beta of 2.29. The business’s 50-day simple moving average is $30.83 and its two-hundred day simple moving average is $30.09. Upstart Holdings, Inc. has a twelve month low of $23.97 and a twelve month high of $76.95.

Upstart (NASDAQ:UPST) last posted its quarterly earnings results 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). Upstart had a net margin of 4.84% and a return on equity of 7.13%. The company had revenue of $364.71 million during the quarter, compared to the consensus estimate of $354.74 million. During the same period last year, the firm posted $0.36 earnings per share. The company’s revenue for the quarter was up 41.9% on a year-over-year basis. As a group, equities analysts predict that Upstart Holdings, Inc. will post 0.72 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of UPST. Cresset Asset Management LLC increased its stake in Upstart by 3.3% in 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 period. Daiwa Securities Group Inc. boosted its stake in shares of Upstart by 29.1% during the second quarter. Daiwa Securities Group Inc. now owns 1,068 shares of the company’s stock valued at $69,000 after purchasing an additional 241 shares during the period. Advisory Services Network LLC boosted its stake in shares of Upstart by 5.3% during the second quarter. Advisory Services Network LLC now owns 5,399 shares of the company’s stock valued at $349,000 after purchasing an additional 272 shares during the period. California State Teachers Retirement System grew its holdings in shares of Upstart by 0.4% in the second 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. Finally, NewEdge Advisors LLC grew its holdings in shares of Upstart by 20.0% in the first quarter. NewEdge Advisors LLC now owns 1,997 shares of the company’s stock worth $92,000 after purchasing an additional 333 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Wall Street Analysts Forecast Growth

UPST has been the topic of several recent research reports. Piper Sandler increased their price target on Upstart from $46.00 to $51.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Citigroup cut their target price on Upstart from $80.00 to $61.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. Jefferies Financial Group reissued a “hold” rating and issued a $30.00 price target on shares of Upstart in a research report on Tuesday, June 9th. Wall Street Zen upgraded shares of Upstart from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Truist Financial set a $40.00 price objective on shares of Upstart in a report on Wednesday, May 6th. Eight equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target 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.