Andrea Blankmeyer Sells 3,000 Shares of Upstart (NASDAQ:UPST) Stock

Key Points

• Upstart CFO Andrea Blankmeyer sold 3,000 shares for approximately $87,990 at an average price of $29.33. The Rule 10b5-1 transaction was intended to cover tax withholding on vested equity awards, leaving her with 152,208 shares.
• Upstart shares rose 5.1% to $30.60 during Wednesday trading. The company’s latest quarterly revenue increased 41.9% year over year to $364.71 million, though earnings per share of $0.16 missed analyst expectations.
• Analyst sentiment remains mixed, with the stock carrying an overall “Hold” rating and an average price target of $44.40. Eight analysts rate it a Buy, seven a Hold and one a Sell.

Upstart Holdings, Inc. (NASDAQ:UPST - Get Free Report) CFO Andrea Blankmeyer sold 3,000 shares of the company's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $29.33, for a total value of $87,990.00. Following the completion of the transaction, the chief financial officer directly owned 152,208 shares in the company, valued at $4,464,260.64. This trade represents a 1.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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 value of $210,658.00.

Upstart Trading Up 5.1%

Shares of UPST traded up $1.49 during trading hours on Wednesday, reaching $30.60. 5,884,208 shares of the company traded hands, compared to its average volume of 4,783,915. The stock's fifty day moving average price is $30.97 and its 200 day moving average price is $30.45. The firm 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. 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 posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.02). Upstart had a return on equity of 7.13% and a net margin of 4.84%.The company had revenue of $364.71 million during the quarter, compared to analysts' expectations of $354.74 million. During the same period in the prior year, the business earned $0.36 EPS. The company's quarterly revenue was up 41.9% on a year-over-year basis. On average, research analysts forecast that Upstart Holdings, Inc. will post 0.72 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on UPST. Wall Street Zen raised shares of Upstart from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Piper Sandler increased their price objective on Upstart from $46.00 to $51.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 5th. Needham & Company LLC raised their price objective on Upstart from $40.00 to $42.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. B. Riley Financial decreased their target price on Upstart from $66.00 to $54.00 and set a "buy" rating for the company in a research report on Wednesday, May 6th. Finally, Morgan Stanley set a $35.00 target price on Upstart in a report on Thursday, May 7th. Eight research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $44.40.

Institutional Investors Weigh In On Upstart

Several large investors have recently modified their holdings of the business. Jericho Capital Asset Management L.P. boosted its stake in shares of Upstart by 11.9% during the fourth quarter. Jericho Capital Asset Management L.P. now owns 5,011,809 shares of the company's stock valued at $219,166,000 after purchasing an additional 531,000 shares in the last quarter. Morgan Stanley raised its stake in Upstart by 154.6% in the fourth quarter. Morgan Stanley now owns 4,206,615 shares of the company's stock worth $183,955,000 after buying an additional 2,554,591 shares in the last quarter. Geode Capital Management LLC raised its stake in Upstart by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 2,068,515 shares of the company's stock worth $90,469,000 after buying an additional 26,734 shares in the last quarter. Halter Ferguson Financial Inc. lifted its holdings in Upstart by 253.3% during the first quarter. Halter Ferguson Financial Inc. now owns 1,467,360 shares of the company's stock worth $37,638,000 after buying an additional 1,052,039 shares during the period. Finally, Norges Bank purchased a new stake in Upstart during the fourth quarter worth $49,915,000. Institutional investors own 63.01% 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.

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