State of New Jersey Common Pension Fund D Buys 12,617 Shares of Upstart Holdings, Inc. $UPST

State of New Jersey Common Pension Fund D boosted its stake in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 44.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 41,276 shares of the company’s stock after purchasing an additional 12,617 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Upstart were worth $2,670,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in UPST. R Squared Ltd bought a new position in shares of Upstart during the second quarter valued at approximately $302,000. Bogart Wealth LLC grew its stake in shares of Upstart by 140.0% during the second quarter. Bogart Wealth LLC now owns 1,200 shares of the company’s stock valued at $78,000 after buying an additional 700 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Upstart by 2.4% in the second quarter. International Assets Investment Management LLC now owns 12,929 shares of the company’s stock valued at $836,000 after purchasing an additional 299 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Upstart in the second quarter valued at approximately $1,455,000. Finally, Atria Wealth Solutions Inc. boosted its holdings in shares of Upstart by 12.1% in the second quarter. Atria Wealth Solutions Inc. now owns 8,930 shares of the company’s stock valued at $604,000 after purchasing an additional 964 shares during the period. 63.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Weiss Ratings restated a “sell (e+)” rating on shares of Upstart in a report on Wednesday, October 8th. Morgan Stanley reissued an “equal weight” rating on shares of Upstart in a research report on Wednesday, August 6th. JPMorgan Chase & Co. raised Upstart from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $93.00 to $88.00 in a research report on Wednesday, August 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $82.00 price target (up from $70.00) on shares of Upstart in a research report on Wednesday, August 6th. Finally, Bank of America dropped their target price on Upstart from $88.00 to $87.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 6th. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $78.83.

Upstart Price Performance

UPST opened at $50.70 on Wednesday. The company’s 50 day simple moving average is $59.60 and its two-hundred day simple moving average is $59.67. Upstart Holdings, Inc. has a 1-year low of $31.40 and a 1-year high of $96.43. The firm has a market capitalization of $4.88 billion, a price-to-earnings ratio of -633.75 and a beta of 2.28.

Upstart (NASDAQ:UPST) last released its earnings results on Tuesday, August 5th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.09. Upstart had a negative net margin of 0.75% and a negative return on equity of 5.95%. The business had revenue of $257.29 million for the quarter, compared to analyst estimates of $225.35 million. During the same period last year, the company posted ($0.17) EPS. The business’s revenue was up 101.6% on a year-over-year basis. Upstart has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts anticipate that Upstart Holdings, Inc. will post -0.03 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Kerry Whorton Cooper sold 500 shares of Upstart stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $69.21, for a total transaction of $34,605.00. Following the sale, the director owned 25,434 shares of the company’s stock, valued at approximately $1,760,287.14. The trade was a 1.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sanjay Datta sold 13,473 shares of Upstart stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $61.12, for a total transaction of $823,469.76. Following the sale, the chief financial officer directly owned 297,904 shares in the company, valued at approximately $18,207,892.48. The trade was a 4.33% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 106,214 shares of company stock worth $6,803,558. 16.67% of the stock is owned by company insiders.

Upstart Company Profile

Upstart Holdings, Inc, together with its subsidiaries, operates a cloud-based artificial intelligence (AI) lending platform in the United States. Its platform includes personal loans, automotive retail and refinance loans, home equity lines of credit, and small dollar loans that connects consumer demand for loans to its to bank and credit unions.