Maxi Investments CY Ltd Makes New $6.85 Million Investment in Upstart Holdings, Inc. $UPST

Maxi Investments CY Ltd acquired a new position in shares of Upstart Holdings, Inc. (NASDAQ:UPST) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 193,400 shares of the company’s stock, valued at approximately $6,852,000. Upstart makes up 1.4% of Maxi Investments CY Ltd’s investment portfolio, making the stock its 20th largest holding.

Other large investors also recently made changes to their positions in the company. Halter Ferguson Financial Inc. raised its position in Upstart by 102.2% during the fourth quarter. Halter Ferguson Financial Inc. now owns 415,321 shares of the company’s stock worth $18,162,000 after acquiring an additional 209,915 shares in the last quarter. Azora Capital LP bought a new position in shares of Upstart in the 4th quarter valued at about $38,580,000. Norges Bank bought a new position in shares of Upstart in the 4th quarter valued at about $49,915,000. First Trust Advisors LP grew its position in shares of Upstart by 17.2% in the 1st quarter. First Trust Advisors LP now owns 373,455 shares of the company’s stock valued at $9,579,000 after acquiring an additional 54,908 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Upstart by 267.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,022,780 shares of the company’s stock worth $26,234,000 after purchasing an additional 744,190 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Upstart from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Truist Financial set a $40.00 price target on Upstart in a report on Wednesday, May 6th. Citigroup lowered their price target on Upstart from $80.00 to $61.00 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. The Goldman Sachs Group upped their price objective on Upstart from $32.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Upstart in a research report on Wednesday, August 5th. Eight analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $44.40.

More Upstart News

Here are the key news stories impacting Upstart this week:

• Positive Sentiment: Planned Upstart Bank is the main bullish catalyst. CEO Paul Gu said Upstart expects to launch Upstart Bank early next year as part of the company’s “second leg” of development. Management believes the bank could improve access to funding, increase control over loan origination, and support expansion into secured products such as home and auto lending. Upstart Is Up After Announcing Plans to Launch Upstart Bank
• Positive Sentiment: Some analysts see meaningful upside. A recent analysis estimated that UPST could be approximately 28% undervalued if management can make its AI lending platform consistently profitable and successfully broaden into secured credit. The company’s consensus price target of $44.40 also remains above recent trading levels, although the average rating is “Hold.” Upstart Could Be 28% Undervalued
• Neutral Sentiment: Recent insider sales appear primarily tax-related. Sanjay Datta sold 10,000 shares for approximately $314,600 on August 19 and another 8,945 shares for about $251,265 on August 20. Natalia Mirgorodskaya sold 586 shares for approximately $16,461, while CFO Andrea Blankmeyer also reported August sales. The filings state that the transactions covered tax withholding obligations tied to vested equity awards, making them a weaker bearish signal; the executives retained significant holdings. SEC Insider Trading Filing
• Negative Sentiment: Profitability and valuation remain risks. Upstart’s latest quarterly EPS of $0.16 missed the $0.18 consensus estimate, despite revenue growing 41.9% year over year to $364.71 million. With a relatively high earnings multiple and recent share-price weakness, investors may remain cautious until the bank strategy produces sustained profits. Why Upstart Stock Slid

Upstart Price Performance

NASDAQ:UPST opened at $30.30 on Monday. Upstart Holdings, Inc. has a one year low of $23.97 and a one year high of $76.95. The company has a market cap of $2.95 billion, a P/E ratio of 61.84, a P/E/G ratio of 1.07 and a beta of 2.29. The firm’s fifty day moving average price is $30.91 and its two-hundred day moving average price is $30.23.

Upstart (NASDAQ:UPST) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.02). The company 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%. Upstart’s revenue for the quarter was up 41.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.36 earnings per share. As a group, equities research analysts expect that Upstart Holdings, Inc. will post 0.72 earnings per share for the current year.

Insider Activity at Upstart

In related news, insider Sanjay Datta sold 15,000 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $30.41, for a total value of $456,150.00. Following the transaction, the insider owned 313,556 shares in the company, valued at approximately $9,535,237.96. This represents a 4.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Natalia Mirgorodskaya sold 974 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $28.99, for a total transaction of $28,236.26. Following the completion of the transaction, the insider directly owned 37,374 shares in the company, valued at approximately $1,083,472.26. This represents a 2.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 47,713 shares of company stock worth $1,425,049. Insiders own 17.29% 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.