Insider Selling: Upstart (NASDAQ:UPST) Insider Sells 586 Shares

Upstart Holdings, Inc. (NASDAQ:UPST) insider Natalia Mirgorodskaya sold 586 shares of Upstart stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $28.09, for a total value of $16,460.74. Following the completion of the sale, the insider owned 36,788 shares of the company’s stock, valued at $1,033,374.92. The trade was a 1.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Tuesday, May 26th, Natalia Mirgorodskaya sold 974 shares of Upstart stock. The shares were sold at an average price of $28.99, for a total transaction of $28,236.26.

Upstart Stock Up 5.0%

Shares of NASDAQ UPST traded up $1.44 during trading on Friday, reaching $30.30. 4,623,760 shares of the company traded hands, compared to its average volume of 4,801,834. The firm has a 50 day simple moving average of $30.92 and a 200-day simple moving average of $30.30. The stock has a market capitalization of $2.95 billion, a PE ratio of 61.84, a P/E/G ratio of 1.08 and a beta of 2.29. Upstart Holdings, Inc. has a 52-week low of $23.97 and a 52-week high of $76.95.

Upstart (NASDAQ:UPST) last released 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 company had revenue of $364.71 million for the quarter, compared to analysts’ expectations 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 firm earned $0.36 earnings per share. As a group, research analysts predict that Upstart Holdings, Inc. will post 0.72 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. B. Riley Financial dropped their price target on Upstart from $66.00 to $54.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Weiss Ratings upgraded Upstart from a “sell (d)” rating to a “hold (c-)” rating in a research report on Monday. Jefferies Financial Group reissued a “hold” rating and issued a $30.00 target price on shares of Upstart in a report on Tuesday, June 9th. Mizuho set a $45.00 price objective on shares of Upstart in a report on Friday, May 8th. Finally, Truist Financial set a $40.00 target price on shares of Upstart in a research report on Wednesday, May 6th. Eight 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 stock. According to data from MarketBeat, Upstart presently has an average rating of “Hold” and an average target price of $44.40.

Institutional Trading of Upstart

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