Key Points
- Upstart CFO Andrea Blankmeyer sold 7,175 shares for approximately $210,658 at an average price of $29.36, reducing her direct holdings by 4.42%. The sale occurred under a Rule 10b5-1 plan to cover tax withholding on vested equity awards.
- Upstart shares opened at $30.60, while the company’s latest quarterly results showed revenue of $364.71 million, up 41.9% year over year, but EPS of $0.16 missed analysts’ $0.18 estimate.
- Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $44.40. Institutional investors own approximately 63.01% of the company.
Upstart Holdings, Inc. (NASDAQ:UPST - Get Free Report) insider Sanjay Datta sold 2,033 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $29.36, for a total transaction of $59,688.88. Following the sale, the insider directly owned 311,523 shares of the company's stock, valued at approximately $9,146,315.28. This trade represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Sanjay Datta also recently made the following trade(s):
- On Tuesday, June 9th, Sanjay Datta sold 15,000 shares of Upstart stock. The shares were sold at an average price of $30.41, for a total transaction of $456,150.00.
Upstart Trading Up 5.1%
Shares of Upstart stock opened at $30.60 on Thursday. The firm has a market cap of $2.98 billion, a PE ratio of 62.45, a PEG ratio of 1.03 and a beta of 2.29. The stock has a 50 day moving average of $30.97 and a 200 day moving average of $30.37. Upstart Holdings, Inc. has a 12 month low of $23.97 and a 12 month high of $76.95.
Upstart (NASDAQ:UPST - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.02). Upstart had a return on equity of 7.13% and a net margin of 4.84%.The business had revenue of $364.71 million during the quarter, compared to analysts' expectations of $354.74 million. During the same period in the previous year, the business earned $0.36 earnings per share. The business's quarterly revenue was up 41.9% on a year-over-year basis. As a group, equities research analysts forecast that Upstart Holdings, Inc. will post 0.72 earnings per share for the current fiscal year.
Institutional Trading of Upstart
A number of institutional investors have recently made changes to their positions in the business. Quarry LP increased its position in Upstart by 749.2% during the 3rd quarter. Quarry LP now owns 501 shares of the company's stock valued at $25,000 after buying an additional 442 shares in the last quarter. Bayforest Capital Ltd acquired a new stake in Upstart in the fourth quarter worth about $25,000. Northwestern Mutual Wealth Management Co. boosted 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 worth $39,000 after acquiring an additional 439 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of Upstart during the fourth quarter worth about $40,000. Finally, State of Wyoming acquired a new position in shares of Upstart during the second quarter valued at about $61,000. Institutional investors and hedge funds own 63.01% of the company's stock.
Upstart News Summary
Here are the key news stories impacting Upstart this week:
- Positive Sentiment: Planned Upstart Bank provides a new growth catalyst. CEO Paul Gu said Upstart plans to launch Upstart Bank early next year as part of its next phase of development. The bank could improve funding access, support secured lending products such as home and auto loans, and give Upstart greater control over its lending platform. Upstart Holdings Is Up After Announcing Plans To Launch Upstart Bank
- Positive Sentiment: Fintech-sector momentum improved. Upstart advanced alongside SoFi Technologies and Affirm Holdings as fintech lenders rebounded amid a bond-market catalyst. The move suggests investors may be rotating back toward higher-beta financial technology stocks, benefiting UPST’s beta of 2.29. Fintech Names Rebound With Bond Market Catalyst
- Neutral Sentiment: Insider sales were largely routine. CFO Andrea Blankmeyer sold 7,175 shares for about $210,658 and an additional 3,000 shares for about $87,990. Insider Sanjay Datta sold 2,033 shares. The transactions were conducted under pre-arranged Rule 10b5-1 plans to cover tax withholding on vested equity awards, reducing their usefulness as a bearish signal; executives retained substantial holdings.
- Negative Sentiment: Profitability and valuation remain concerns. Upstart’s latest quarterly EPS missed estimates despite revenue rising 41.9% year over year. Analysts also note that rival SoFi has stronger profitability and deposit funding, while Upstart’s consensus rating remains “Hold.” These issues could limit enthusiasm until the bank strategy demonstrates sustained contribution profits. SoFi vs. Upstart: Which Fintech Lending Stock Fits Your Portfolio Best?
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the company. Truist Financial set a $40.00 target price on Upstart in a research report on Wednesday, May 6th. BTIG Research reaffirmed a "buy" rating and issued a $43.00 price target on shares of Upstart in a research note on Wednesday, August 5th. B. Riley Financial decreased their price objective on shares of Upstart from $66.00 to $54.00 and set a "buy" rating for the company in a report on Wednesday, May 6th. Mizuho set a $45.00 price objective on shares of Upstart in a research report on Friday, May 8th. Finally, Morgan Stanley set a $35.00 price objective on shares of Upstart in a research report on Thursday, May 7th. 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $44.40.
Read Our Latest Research Report on UPST
Upstart Company Profile
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
