VIRGINIA RETIREMENT SYSTEMS ET Al Sells 15,000 Shares of Upstart Holdings, Inc. $UPST

VIRGINIA RETIREMENT SYSTEMS ET Al lowered its stake in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 66.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,500 shares of the company’s stock after selling 15,000 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Upstart were worth $381,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of UPST. Annex Advisory Services LLC bought a new position in shares of Upstart in the 3rd quarter worth $10,520,000. Portman Square Capital LLP grew its stake in Upstart by 116.0% in the third quarter. Portman Square Capital LLP now owns 9,100 shares of the company’s stock valued at $462,000 after purchasing an additional 4,887 shares during the last quarter. AMI Asset Management Corp bought a new position in Upstart in the third quarter worth about $462,000. CWM LLC raised its holdings in Upstart by 72.0% in the third quarter. CWM LLC now owns 2,396 shares of the company’s stock worth $122,000 after purchasing an additional 1,003 shares in the last quarter. Finally, Symmetry Partners LLC lifted its position in shares of Upstart by 7.1% during the third quarter. Symmetry Partners LLC now owns 6,519 shares of the company’s stock valued at $331,000 after buying an additional 433 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

Upstart Trading Up 10.6%

NASDAQ:UPST opened at $50.70 on Tuesday. Upstart Holdings, Inc. has a twelve month low of $31.40 and a twelve month high of $96.43. The company has a market cap of $4.93 billion, a PE ratio of 230.47 and a beta of 2.28. The company’s 50 day moving average is $44.14 and its two-hundred day moving average is $58.19.

Upstart (NASDAQ:UPST) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.42 by $0.10. The business had revenue of $258.54 million during the quarter, compared to the consensus estimate of $288.94 million. Upstart had a net margin of 3.33% and a return on equity of 3.68%. The business’s revenue for the quarter was up 70.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.07) earnings per share. As a group, analysts expect that Upstart Holdings, Inc. will post -0.03 EPS for the current fiscal year.

Insider Transactions at Upstart

In other news, CTO Paul Gu bought 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The stock was purchased at an average price of $39.23 per share, with a total value of $3,923,000.00. Following the completion of the acquisition, the chief technology officer directly owned 80,000 shares of the company’s stock, valued at $3,138,400. This trade represents a -500.00% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sanjay Datta sold 13,624 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $36.58, for a total value of $498,365.92. Following the completion of the sale, the chief financial officer owned 284,280 shares in the company, valued at approximately $10,398,962.40. This represents a 4.57% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 16,707 shares of company stock worth $633,080. 16.67% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on UPST shares. JPMorgan Chase & Co. cut their price objective on shares of Upstart from $88.00 to $65.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Weiss Ratings restated a “sell (d+)” rating on shares of Upstart in a research note on Monday, December 29th. BTIG Research reaffirmed a “neutral” rating on shares of Upstart in a report on Wednesday, November 5th. Citigroup reduced their price target on Upstart from $100.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Finally, Stephens decreased their price objective on Upstart from $55.00 to $40.00 and set an “equal weight” rating for the company in a report on Wednesday, November 5th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Upstart presently has a consensus rating of “Hold” and an average target price of $60.50.

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.