Headlands Technologies LLC Grows Stake in Upstart Holdings, Inc. $UPST

Headlands Technologies LLC raised its holdings in Upstart Holdings, Inc. (NASDAQ:UPST) by 42.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 113,300 shares of the company’s stock after buying an additional 33,799 shares during the quarter. Headlands Technologies LLC’s holdings in Upstart were worth $4,014,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cresset Asset Management LLC lifted its stake in Upstart by 3.3% in the second quarter. Cresset Asset Management LLC now owns 5,241 shares of the company’s stock worth $339,000 after acquiring an additional 169 shares during the period. Daiwa Securities Group Inc. increased its position in Upstart by 29.1% during the 2nd 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 increased its position in Upstart by 5.3% during the 2nd 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 raised its holdings in Upstart by 0.4% in the 2nd 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 in the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of Upstart by 20.0% in the 1st 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 period. Institutional investors own 63.01% of the company’s stock.

Upstart Price Performance

UPST opened at $29.08 on Monday. The firm has a market cap of $2.83 billion, a PE ratio of 59.35, a P/E/G ratio of 1.02 and a beta of 2.29. The stock has a 50-day moving average price of $30.72 and a 200-day moving average price of $29.97. Upstart Holdings, Inc. has a 1 year low of $23.97 and a 1 year 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 analysts’ consensus estimates of $0.18 by ($0.02). The firm had revenue of $364.71 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.36 earnings per share. As a group, sell-side analysts anticipate that Upstart Holdings, Inc. will post 0.72 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on UPST. Jefferies Financial Group reissued a “hold” rating and issued a $30.00 price target on shares of Upstart in a research note on Tuesday, June 9th. Needham & Company LLC upped their target price on Upstart from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Weiss Ratings raised Upstart from a “sell (d)” rating to a “hold (c-)” rating in a research report on Monday, August 17th. Citigroup lowered their target price on Upstart from $80.00 to $61.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. Finally, Truist Financial set a $40.00 price target on Upstart in a research report on Wednesday, May 6th. Eight analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $44.40.

Insider Buying and Selling

In related news, insider Sanjay Datta sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $30.41, for a total value of $456,150.00. Following the transaction, the insider directly owned 313,556 shares of the company’s stock, valued at approximately $9,535,237.96. This represents a 4.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Natalia Mirgorodskaya sold 913 shares of the stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $30.03, for a total value of $27,417.39. Following the sale, the insider owned 35,875 shares in the company, valued at approximately $1,077,326.25. This represents a 2.48% 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. Insiders sold a total of 47,652 shares of company stock worth $1,424,230 in the last three months. Insiders own 17.29% of the company’s stock.

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.