Insider Selling: Upstart (NASDAQ:UPST) Insider Sells 15,000 Shares of Stock

Upstart Holdings, Inc. (NASDAQ:UPST) insider Sanjay Datta sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $30.41, for a total value of $456,150.00. Following the completion of the sale, the insider directly owned 313,556 shares in the company, valued at approximately $9,535,237.96. The trade was a 4.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Sanjay Datta also recently made the following trade(s):

• On Wednesday, May 20th, Sanjay Datta sold 7,985 shares of Upstart stock. The shares were sold at an average price of $28.77, for a total value of $229,728.45.
• On Friday, May 15th, Sanjay Datta sold 1,817 shares of Upstart stock. The shares were sold at an average price of $29.56, for a total value of $53,710.52.

Upstart Stock Up 4.9%

Shares of UPST traded up $1.49 during mid-day trading on Thursday, hitting $31.79. The stock had a trading volume of 5,141,185 shares, compared to its average volume of 4,954,819. The company has a market cap of $3.04 billion, a PE ratio of 83.66, a PEG ratio of 0.82 and a beta of 2.26. The company’s fifty day simple moving average is $30.06 and its two-hundred day simple moving average is $35.70. Upstart Holdings, Inc. has a fifty-two week low of $23.97 and a fifty-two week high of $87.30.

Upstart (NASDAQ:UPST) last released its earnings results on Tuesday, May 5th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.46). Upstart had a return on equity of 5.63% and a net margin of 4.34%.The firm had revenue of $308.21 million during the quarter, compared to analyst estimates of $301.30 million. During the same quarter last year, the company earned $0.30 earnings per share. The business’s revenue for the quarter was up 44.3% on a year-over-year basis. Equities analysts expect that Upstart Holdings, Inc. will post 0.92 earnings per share for the current year.

Upstart announced that its board has initiated a stock repurchase program on Thursday, February 19th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to buy up to 3.2% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of brokerages have commented on UPST. Truist Financial set a $40.00 price objective on Upstart in a research report on Wednesday, May 6th. Piper Sandler dropped their price target on Upstart from $56.00 to $46.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Morgan Stanley set a $35.00 price objective on Upstart in a research report on Thursday, May 7th. Compass Point upgraded Upstart from a “sell” rating to a “neutral” rating and increased their price objective for the company from $20.00 to $30.00 in a research report on Tuesday, February 17th. Finally, Mizuho set a $45.00 price objective on Upstart in a research report on Friday, May 8th. Seven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Upstart currently has an average rating of “Hold” and a consensus price target of $44.73.

Institutional Investors Weigh In On Upstart

A number of institutional investors have recently made changes to their positions in the company. Clearstead Advisors LLC acquired a new position in shares of Upstart during the third quarter worth $25,000. Bayforest Capital Ltd acquired a new position in shares of Upstart during the fourth quarter worth $25,000. Quarry LP increased its holdings 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 purchasing an additional 442 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Upstart by 132.2% in 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 during the period. Finally, Empowered Funds LLC acquired a new stake in Upstart in the fourth quarter valued at $40,000. 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.