Algert Global LLC Sells 39,760 Shares of Upstart Holdings, Inc. $UPST

Key Points

• Algert Global cut its Upstart stake by 48.6% in the second quarter, selling 39,760 shares and retaining 42,040 shares valued at approximately $1.49 million. Institutional investors and hedge funds collectively own 63.01% of UPST.
• Upstart reported quarterly revenue of $364.71 million, up 41.9% year over year and above analyst expectations, but earnings per share of $0.16 missed estimates by $0.02.
• UPST opened at $29.08, compared with a 52-week range of $23.97 to $76.95. Analysts maintain a consensus “Hold” rating with an average price target of $44.40, while insiders have sold $1.42 million of stock over the past 90 days.

Algert Global LLC decreased its stake in Upstart Holdings, Inc. (NASDAQ:UPST - Free Report) by 48.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,040 shares of the company's stock after selling 39,760 shares during the period. Algert Global LLC's holdings in Upstart were worth $1,489,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of UPST. Morgan Stanley grew its position in Upstart by 154.6% in the 4th quarter. Morgan Stanley now owns 4,206,615 shares of the company's stock worth $183,955,000 after purchasing an additional 2,554,591 shares during the last quarter. Norges Bank acquired a new position in shares of Upstart during the fourth quarter valued at about $49,915,000. Halter Ferguson Financial Inc. lifted its stake in shares of Upstart by 253.3% in the first quarter. Halter Ferguson Financial Inc. now owns 1,467,360 shares of the company's stock valued at $37,638,000 after buying an additional 1,052,039 shares during the period. Azora Capital LP bought a new stake in shares of Upstart in the 4th quarter worth approximately $38,580,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Upstart by 267.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,022,780 shares of the company's stock worth $26,234,000 after acquiring an additional 744,190 shares during the period. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Upstart news, insider Natalia Mirgorodskaya sold 913 shares of the firm's stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $30.03, for a total value of $27,417.39. Following the completion of the sale, the insider owned 35,875 shares in the company, valued at approximately $1,077,326.25. This trade represents a 2.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Andrea Blankmeyer sold 3,000 shares of the business's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $29.33, for a total transaction of $87,990.00. Following the completion of the transaction, the chief financial officer directly owned 152,208 shares of the company's stock, valued at approximately $4,464,260.64. This represents a 1.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders have sold a total of 47,652 shares of company stock valued at $1,424,230 in the last 90 days. 17.29% of the stock is currently owned by insiders.

Upstart Price Performance

Shares of UPST opened at $29.08 on Friday. The company has a market capitalization of $2.83 billion, a P/E ratio of 59.35, a PEG ratio of 1.02 and a beta of 2.29. Upstart Holdings, Inc. has a one year low of $23.97 and a one year high of $76.95. The business's 50 day simple moving average is $30.72 and its 200-day simple moving average is $30.03.

Upstart (NASDAQ:UPST - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.02). Upstart had a net margin of 4.84% and a return on equity of 7.13%. The business had revenue of $364.71 million for the quarter, compared to analyst estimates of $354.74 million. During the same period in the prior year, the business earned $0.36 earnings per share. The company's revenue for the quarter was up 41.9% on a year-over-year basis. On average, sell-side analysts anticipate that Upstart Holdings, Inc. will post 0.72 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

UPST has been the topic of a number of research reports. Wall Street Zen upgraded Upstart from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. Needham & Company LLC lifted their price target on shares of Upstart from $40.00 to $42.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. BTIG Research reiterated a "buy" rating and set a $43.00 price target on shares of Upstart in a research note on Wednesday, August 5th. Citigroup lowered their price target on shares of Upstart from $80.00 to $61.00 and set a "buy" rating on the stock in a report on Wednesday, July 22nd. Finally, Morgan Stanley set a $35.00 price objective on shares of Upstart in a research note on Thursday, May 7th. Eight investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $44.40.

Upstart 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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