Insider Buying: Upstart (NASDAQ:UPST) Director Acquires $4,999,948.80 in Stock

Upstart Holdings, Inc. (NASDAQ:UPST) Director Dave Girouard bought 170,240 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were bought at an average price of $29.37 per share, with a total value of $4,999,948.80. Following the purchase, the director owned 8,512,941 shares in the company, valued at $250,025,077.17. The trade was a 2.04% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Upstart Stock Performance

Shares of UPST opened at $28.96 on Monday. Upstart Holdings, Inc. has a 52 week low of $23.97 and a 52 week high of $87.30. The firm has a market cap of $2.77 billion, a P/E ratio of 76.21, a price-to-earnings-growth ratio of 0.76 and a beta of 2.26. The firm’s 50-day simple moving average is $28.67 and its 200 day simple moving average is $38.04.

Upstart (NASDAQ:UPST) last issued its quarterly earnings data on Tuesday, May 5th. The company reported ($0.07) earnings per share (EPS) 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 company had revenue of $308.21 million for the quarter, compared to analyst estimates of $301.30 million. During the same quarter last year, the business earned $0.30 earnings per share. The company’s revenue was up 44.3% on a year-over-year basis. As a group, equities analysts forecast that Upstart Holdings, Inc. will post 0.94 earnings per share for the current year.

Upstart announced that its board has initiated a stock buyback plan on Thursday, February 19th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to purchase up to 3.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on UPST shares. Truist Financial set a $40.00 target price on Upstart in a report on Wednesday. B. Riley Financial lowered their price target on shares of Upstart from $66.00 to $54.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. BTIG Research reiterated a “buy” rating and issued a $43.00 price objective on shares of Upstart in a research note on Wednesday, May 6th. Citizens Jmp reissued a “market underperform” rating and issued a $20.00 price objective on shares of Upstart in a report on Friday, February 13th. Finally, The Goldman Sachs Group raised shares of Upstart from a “sell” rating to a “neutral” rating and lowered their target price for the stock from $44.00 to $35.00 in a report on Friday, February 13th. Seven research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Upstart currently has an average rating of “Hold” and a consensus target price of $45.87.

Institutional Investors Weigh In On Upstart

Several institutional investors and hedge funds have recently bought and sold shares of the company. Clearstead Advisors LLC acquired a new position in shares of Upstart in the 3rd quarter valued at approximately $25,000. Bayforest Capital Ltd acquired a new stake in shares of Upstart during the 4th quarter worth approximately $25,000. Quarry LP increased its stake in Upstart by 749.2% in the third quarter. Quarry LP now owns 501 shares of the company’s stock valued at $25,000 after acquiring an additional 442 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Upstart by 132.2% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 771 shares of the company’s stock valued at $39,000 after purchasing an additional 439 shares in the last quarter. Finally, Empowered Funds LLC bought a new stake in Upstart during the fourth quarter worth $40,000. Institutional investors own 63.01% of the company’s stock.

More Upstart News

Here are the key news stories impacting Upstart this week:

• Positive Sentiment: Director Dave Girouard bought 170,240 shares for about $5.0 million, a notable insider purchase that can signal confidence in Upstart’s outlook. SEC Form 4 filing
• Neutral Sentiment: Upstart’s latest quarterly report showed revenue growth above expectations but a loss per share that missed estimates, which has kept investors cautious after the post-earnings reaction. Benzinga article
• Neutral Sentiment: BTIG reiterated a Buy rating, but B. Riley and Needham both cut their price targets, signaling mixed analyst views rather than a clear catalyst. BTIG rating article B. Riley target cut article Needham target cut article
• Negative Sentiment: Multiple law firms are promoting a securities class action tied to the May 14, 2025 to November 4, 2025 period, adding legal uncertainty and potential settlement costs for Upstart. Schall Law Firm article Gross Law Firm article Rosen Law Firm article
• Negative Sentiment: Recent reports say Upstart is down after a wider Q1 loss, which reinforces concerns that profitability remains inconsistent despite revenue and originations growth. Yahoo Finance article

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.