GC Wealth Management RIA LLC Buys 95,172 Shares of Upstart Holdings, Inc. $UPST

GC Wealth Management RIA LLC increased its stake in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 38.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 344,646 shares of the company’s stock after purchasing an additional 95,172 shares during the quarter. GC Wealth Management RIA LLC’s holdings in Upstart were worth $8,840,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in UPST. Bayforest Capital Ltd acquired a new position in shares of Upstart during the fourth quarter worth $25,000. Quarry LP boosted its holdings in shares of Upstart by 749.2% during the 3rd quarter. Quarry LP now owns 501 shares of the company’s stock valued at $25,000 after acquiring an additional 442 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Upstart by 132.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 771 shares of the company’s stock worth $39,000 after acquiring an additional 439 shares during the last quarter. Empowered Funds LLC acquired a new position in Upstart in the 4th quarter worth about $40,000. Finally, Bogart Wealth LLC acquired a new position in Upstart in the 4th quarter worth about $44,000. Institutional investors own 63.01% of the company’s stock.

Upstart Trading Down 3.7%

Shares of UPST opened at $27.59 on Friday. The stock has a market capitalization of $2.64 billion, a P/E ratio of 72.61, a price-to-earnings-growth ratio of 0.76 and a beta of 2.26. The firm’s fifty day simple moving average is $31.47 and its two-hundred day simple moving average is $32.75. Upstart Holdings, Inc. has a 12 month low of $23.97 and a 12 month high of $87.30.

Upstart (NASDAQ:UPST) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.46). Upstart had a return on equity of 5.63% and a net margin of 4.34%.The business had revenue of $308.21 million during the quarter, compared to the consensus estimate of $301.30 million. During the same period last year, the business posted $0.30 earnings per share. The business’s revenue was up 44.3% on a year-over-year basis. As a group, research analysts predict that Upstart Holdings, Inc. will post 0.92 EPS for the current fiscal year.

Insider Activity

In related news, Director Dave Girouard purchased 170,240 shares of Upstart stock in a transaction on Thursday, May 7th. The stock was acquired at an average cost of $29.37 per share, for a total transaction of $4,999,948.80. Following the completion of the acquisition, the director owned 8,512,941 shares of the company’s stock, valued at $250,025,077.17. This trade represents a 2.04% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Natalia Mirgorodskaya sold 974 shares of Upstart stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $28.99, for a total transaction of $28,236.26. Following the completion of the sale, the insider directly owned 37,374 shares of the company’s stock, valued at approximately $1,083,472.26. This trade represents a 2.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 33,346 shares of company stock worth $991,672. Company insiders own 17.29% of the company’s stock.

Analyst Upgrades and Downgrades

UPST has been the topic of several research reports. Morgan Stanley set a $35.00 price target on Upstart in a report on Thursday, May 7th. The Goldman Sachs Group upped their price target 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. Wall Street Zen cut shares of Upstart from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th. BTIG Research reaffirmed a “buy” rating and set a $43.00 target price on shares of Upstart in a research report on Tuesday, July 7th. Finally, Needham & Company LLC upped their price target on Upstart from $37.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Eight investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $43.93.

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.