Insider Selling: Upstart (NASDAQ:UPST) Insider Sells $53,710.52 in Stock

Upstart Holdings, Inc. (NASDAQ:UPST) insider Sanjay Datta sold 1,817 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $29.56, for a total value of $53,710.52. Following the sale, the insider owned 336,541 shares in the company, valued at approximately $9,948,151.96. This trade represents a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 Friday, February 20th, Sanjay Datta sold 7,982 shares of Upstart stock. The shares were sold at an average price of $29.86, for a total value of $238,342.52.

Upstart Price Performance

Shares of NASDAQ UPST opened at $28.84 on Thursday. The company has a 50 day simple moving average of $28.71 and a 200 day simple moving average of $36.65. Upstart Holdings, Inc. has a 1 year low of $23.97 and a 1 year high of $87.30. The firm has a market cap of $2.76 billion, a PE ratio of 75.89, a price-to-earnings-growth ratio of 0.75 and a beta of 2.26.

Upstart (NASDAQ:UPST) last posted 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). The business had revenue of $308.21 million for the quarter, compared to the consensus estimate of $301.30 million. Upstart had a return on equity of 5.63% and a net margin of 4.34%.The company’s revenue was up 44.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.30 earnings per share. As a group, research analysts anticipate that Upstart Holdings, Inc. will post 0.92 earnings per share for the current fiscal year.

Upstart announced that its Board of Directors has authorized a stock repurchase program on Thursday, February 19th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 3.2% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Cresset Asset Management LLC raised its position in Upstart by 3.3% during the 2nd quarter. Cresset Asset Management LLC now owns 5,241 shares of the company’s stock worth $339,000 after purchasing an additional 169 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Upstart by 3.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 7,448 shares of the company’s stock worth $386,000 after acquiring an additional 218 shares in the last quarter. Daiwa Securities Group Inc. raised its position in shares of Upstart by 29.1% in the 2nd quarter. Daiwa Securities Group Inc. now owns 1,068 shares of the company’s stock worth $69,000 after acquiring an additional 241 shares in the last quarter. Advisory Services Network LLC raised its position in shares of Upstart by 5.3% in the 2nd quarter. Advisory Services Network LLC now owns 5,399 shares of the company’s stock worth $349,000 after acquiring an additional 272 shares in the last quarter. Finally, California State Teachers Retirement System raised its position in shares of Upstart by 0.4% in the 2nd quarter. California State Teachers Retirement System now owns 76,368 shares of the company’s stock worth $4,939,000 after acquiring an additional 332 shares in the last quarter. 63.01% of the stock is owned by institutional investors.

More Upstart News

Here are the key news stories impacting Upstart this week:

• Positive Sentiment: One report noted a sizable stock purchase by the CEO, which may signal management confidence in Upstart’s prospects. Upstart (NASDAQ:UPST) CEO Buys $1,375,000.00 in Stock
• Neutral Sentiment: Upstart’s recent conference presentation may have provided additional context on the business, but there was no major new operating update in the transcript itself. Upstart Holdings, Inc. (UPST) Presents at J.P. Morgan Conference Transcript
• Neutral Sentiment: Recent insider selling by Sanjay Datta was disclosed as being related to tax withholding on vested equity awards, which makes the transaction less significant as a standalone signal. SEC filing
• Negative Sentiment: The biggest overhang is the securities-fraud lawsuit alleging misleading AI/model-performance claims, which could mean legal expenses, management distraction, and possible settlement costs for Upstart. Pomerantz Law Firm Announces the Filing of a Class Action Against Upstart Holdings, Inc. and Certain Officers

Analyst Upgrades and Downgrades

UPST has been the subject of several analyst reports. Compass Point raised Upstart from a “sell” rating to a “neutral” rating and raised their target price for the stock from $20.00 to $30.00 in a research report on Tuesday, February 17th. BTIG Research reaffirmed a “buy” rating and set a $43.00 target price on shares of Upstart in a research report on Wednesday, May 6th. Citigroup lowered Upstart from a “buy” rating to a “strong sell” rating in a research report on Friday, February 13th. Truist Financial set a $40.00 target price on Upstart in a research report on Wednesday, May 6th. Finally, Piper Sandler lowered their target price on Upstart from $56.00 to $46.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Seven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $45.79.

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.