State of New Jersey Common Pension Fund D Increases Stock Holdings in Upstart Holdings, Inc. $UPST

State of New Jersey Common Pension Fund D boosted its position in Upstart Holdings, Inc. (NASDAQ:UPST) by 69.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 56,894 shares of the company’s stock after purchasing an additional 23,407 shares during the period. State of New Jersey Common Pension Fund D owned about 0.06% of Upstart worth $2,488,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of UPST. Jericho Capital Asset Management L.P. boosted its position in Upstart by 22.6% in the third quarter. Jericho Capital Asset Management L.P. now owns 4,480,809 shares of the company’s stock worth $227,625,000 after purchasing an additional 826,974 shares during the last quarter. Baillie Gifford & Co. purchased a new position in Upstart in the fourth quarter worth about $33,188,000. Clear Street Group Inc. purchased a new position in Upstart in the third quarter worth about $29,018,000. Groupama Asset Managment purchased a new position in Upstart in the third quarter worth about $25,400,000. Finally, Voloridge Investment Management LLC boosted its position in Upstart by 79.8% in the third quarter. Voloridge Investment Management LLC now owns 970,306 shares of the company’s stock worth $49,292,000 after purchasing an additional 430,535 shares during the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Upstart News Roundup

Here are the key news stories impacting Upstart this week:

• Positive Sentiment: CEO visibility — Upstart’s co‑founder and CEO will appear in a fireside chat at the J.P. Morgan Global TMT Conference, providing management a platform to discuss strategy and respond to investor questions. Business Wire: CEO Fireside Chat
• Positive Sentiment: Partnership momentum — Upstart announced a partnership with Justice Federal Credit Union to expand use of its lending platform, a sign of commercial traction that can support revenue growth. Yahoo Finance: Partnership
• Neutral Sentiment: Some analysts still constructive despite cuts — B. Riley trimmed its target to $54 (from $66) but kept a buy rating, and other firms reaffirmed buy/overweight stances, signaling that some investors view current weakness as a buying opportunity. MarketScreener: B. Riley target cut
• Neutral Sentiment: Piper Sandler lowered its target to $46 from $56 but kept an Overweight rating — the cut reflects concern after an adjusted‑EBITDA miss but the maintained rating tempers the sell signal. 247WallStreet: Piper Sandler note
• Negative Sentiment: Q1 earnings shortfall — Upstart reported a Q1 EPS miss (company reported a loss vs. consensus) and an adjusted EBITDA miss that triggered selling; revenue grew but the profitability miss and widening loss hurt near‑term sentiment. Business Wire: Q1 Results
• Negative Sentiment: Multiple securities‑class‑action filings and law‑firm notices — Several firms (Pomerantz, Rosen, Faruqi, Bernstein Liebhard, Levi & Korsinsky, etc.) have announced suits or investor notices covering the May–Nov 2025 class period and a June 8 deadline for lead‑plaintiff applications, increasing legal and headline risk. GlobeNewswire: Pomerantz filing GlobeNewswire: Rosen notice
• Negative Sentiment: Broader analyst target cuts after earnings — Beyond Piper, coverage notes that Morgan Stanley and Goldman previously cut targets (cited in industry alerts), adding to downward pressure as sell‑side models are repriced lower. GlobeNewswire: Analyst target coverage mention

Upstart Stock Performance

UPST opened at $28.70 on Thursday. The firm’s fifty day moving average is $28.65 and its 200 day moving average is $38.17. Upstart Holdings, Inc. has a fifty-two week low of $23.97 and a fifty-two week high of $87.30. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of 75.53, a price-to-earnings-growth ratio of 0.87 and a beta of 2.26.

Upstart (NASDAQ:UPST) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.46). Upstart had a return on equity of 5.58% and a net margin of 4.34%.The business had revenue of $308.21 million during the quarter, compared to analysts’ expectations of $301.30 million. During the same period in the prior year, the firm posted $0.30 earnings per share. The firm’s revenue for the quarter was up 44.3% on a year-over-year basis. On average, equities research analysts predict that Upstart Holdings, Inc. will post 0.94 earnings per share for the current year.

Upstart declared that its board has approved a share buyback program on Thursday, February 19th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 3.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In related news, CFO Sanjay Datta sold 7,982 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $29.86, for a total value of $238,342.52. Following the transaction, the chief financial officer directly owned 276,688 shares of the company’s stock, valued at approximately $8,261,903.68. The trade was a 2.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders sold 9,481 shares of company stock valued at $282,201. 16.67% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on UPST shares. Citigroup cut Upstart from a “buy” rating to a “strong sell” rating in a research report on Friday, February 13th. Truist Financial set a $40.00 price objective on Upstart in a research report on Wednesday. The Goldman Sachs Group raised Upstart from a “sell” rating to a “neutral” rating and lowered their price objective for the company from $44.00 to $35.00 in a research report on Friday, February 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Upstart in a research report on Friday, March 27th. Finally, Zacks Research raised Upstart from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Seven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $46.93.

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.