Corient Private Wealth LP Buys New Shares in Upstart Holdings, Inc. $UPST

Key Points

• Corient Private Wealth LP initiated a position in Upstart, purchasing 55,644 shares worth approximately $1.97 million. Institutional investors and hedge funds collectively own 63.01% of the company.
• Upstart reported quarterly revenue of $364.71 million, up 41.9% year over year and above estimates, but earnings per share of $0.16 fell short of the $0.18 consensus forecast.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $44.40, while insiders have sold 47,652 shares worth about $1.42 million over the past 90 days.

Corient Private Wealth LP bought a new position in shares of Upstart Holdings, Inc. (NASDAQ:UPST - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 55,644 shares of the company's stock, valued at approximately $1,971,000. Corient Private Wealth LP owned approximately 0.06% of Upstart as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Maxi Investments CY Ltd acquired a new position in shares of Upstart during the 2nd quarter worth approximately $6,852,000. Halter Ferguson Financial Inc. boosted its holdings in shares of Upstart by 102.2% in the 4th quarter. Halter Ferguson Financial Inc. now owns 415,321 shares of the company's stock valued at $18,162,000 after buying an additional 209,915 shares during the last quarter. Azora Capital LP acquired a new stake in shares of Upstart in the 4th quarter valued at approximately $38,580,000. Norges Bank bought a new position in shares of Upstart in the fourth quarter valued at $49,915,000. Finally, Deutsche Bank AG bought a new position in shares of Upstart in the second quarter valued at $3,385,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Upstart Trading Up 2.8%

Shares of NASDAQ UPST opened at $28.17 on Thursday. The company has a market capitalization of $2.74 billion, a P/E ratio of 57.49, a P/E/G ratio of 0.96 and a beta of 2.16. Upstart Holdings, Inc. has a 12 month low of $23.97 and a 12 month high of $71.38. The stock has a 50 day moving average of $30.50 and a 200-day moving average of $29.84.

Upstart (NASDAQ:UPST - Get Free Report) last posted 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 during the quarter, compared to the consensus estimate of $354.74 million. During the same quarter last year, the company posted $0.36 EPS. The firm's revenue was up 41.9% on a year-over-year basis. Analysts predict that Upstart Holdings, Inc. will post 0.72 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Morgan Stanley set a $35.00 target price on shares of Upstart in a report on Thursday, May 7th. B. Riley Financial cut their price target on shares of Upstart from $66.00 to $54.00 and set a "buy" rating for the company in a research note on Wednesday, May 6th. Truist Financial set a $40.00 price objective on shares of Upstart in a research report on Wednesday, May 6th. Mizuho set a $45.00 price objective on shares of Upstart in a research note on Friday, May 8th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and issued a $30.00 target price on shares of Upstart in a report on Tuesday, June 9th. Eight analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned 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.

Insider Buying and Selling at Upstart

In other 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 transaction 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 filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sanjay Datta sold 15,000 shares of Upstart stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $30.41, for a total transaction of $456,150.00. Following the sale, the insider directly owned 313,556 shares of the company's stock, valued at $9,535,237.96. The trade was a 4.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 47,652 shares of company stock worth $1,424,230 over the last ninety days. 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.

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