Upstart (NASDAQ:UPST) CFO Sells $87,990.00 in Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CFO Andrea Blankmeyer sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $29.33, for a total value of $87,990.00. Following the sale, the chief financial officer directly owned 152,208 shares in the company, valued at approximately $4,464,260.64. The trade was a 1.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Andrea Blankmeyer also recently made the following trade(s):

• On Monday, August 17th, Andrea Blankmeyer sold 7,175 shares of Upstart stock. The stock was sold at an average price of $29.36, for a total transaction of $210,658.00.

Upstart Price Performance

Upstart stock traded up $1.49 during trading hours on Wednesday, reaching $30.60. The stock had a trading volume of 5,884,208 shares, compared to its average volume of 4,783,915. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 62.45, a PEG ratio of 1.07 and a beta of 2.29. The business’s 50 day moving average price is $30.97 and its 200-day moving average price is $30.45. Upstart Holdings, Inc. has a 52 week low of $23.97 and a 52 week high of $76.95.

Upstart (NASDAQ:UPST) last released its quarterly earnings results 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 during 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 quarterly revenue was up 41.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.36 earnings per share. On average, sell-side analysts forecast that Upstart Holdings, Inc. will post 0.72 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Wall Street Zen raised Upstart from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. The Goldman Sachs Group boosted their target price on Upstart from $32.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Morgan Stanley set a $35.00 target price on Upstart in a research report on Thursday, May 7th. Citigroup decreased their price target 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, Weiss Ratings raised Upstart from a “sell (d)” rating to a “hold (c-)” rating in a report on Monday. Eight equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Upstart has an average rating of “Hold” and an average target price of $44.40.

Institutional Investors Weigh In On Upstart

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Beacon Pointe Advisors LLC purchased a new stake in shares of Upstart during the second quarter valued at $298,000. Orion Capital Management LLC purchased a new position in Upstart in the 2nd quarter worth $96,000. Coastal Bridge Advisors LLC acquired a new stake in Upstart during the 2nd quarter worth about $1,264,000. Corient Private Wealth LP acquired a new stake in Upstart during the 2nd quarter worth about $1,971,000. Finally, Freestone Grove Partners LP purchased a new stake in Upstart during the 2nd quarter valued at about $300,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

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.