Ieq Capital LLC Boosts Position in Upstart Holdings, Inc. $UPST

Key Points

• Ieq Capital LLC increased its stake in Upstart Holdings by 75.4% in Q1, now owning 12,654 shares valued at $582,000.
• Upstart's recent earnings report showed a 101.6% increase in revenue year-over-year, with an EPS of $0.36, surpassing analyst expectations.
• Insider sales included CEO Dave Girouard selling 41,667 shares, reducing his stake by 44.19%, while total insider sales over the past ninety days reached approximately $12.5 million.

Ieq Capital LLC boosted its stake in shares of Upstart Holdings, Inc. (NASDAQ:UPST - Free Report) by 75.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,654 shares of the company's stock after buying an additional 5,441 shares during the quarter. Ieq Capital LLC's holdings in Upstart were worth $582,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Two Sigma Advisers LP increased its position in Upstart by 190.2% in the 4th quarter. Two Sigma Advisers LP now owns 1,709,300 shares of the company's stock valued at $105,242,000 after acquiring an additional 1,120,300 shares in the last quarter. Fred Alger Management LLC lifted its position in shares of Upstart by 53.6% in the fourth quarter. Fred Alger Management LLC now owns 1,915,121 shares of the company's stock worth $117,914,000 after purchasing an additional 668,282 shares in the last quarter. Man Group plc acquired a new position in Upstart during the fourth quarter worth $36,464,000. Invesco Ltd. increased its holdings in shares of Upstart by 79.0% in the first quarter. Invesco Ltd. now owns 1,270,352 shares of the company's stock valued at $58,474,000 after purchasing an additional 560,668 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of Upstart in the first quarter worth about $19,098,000. Hedge funds and other institutional investors own 63.01% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Morgan Stanley reissued an "equal weight" rating on shares of Upstart in a report on Wednesday, August 6th. Piper Sandler raised their target price on Upstart from $75.00 to $90.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Needham & Company LLC reaffirmed a "buy" rating and issued a $82.00 price objective (up previously from $70.00) on shares of Upstart in a research note on Wednesday, August 6th. Barclays upped their price objective on Upstart from $42.00 to $47.00 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. Finally, Stephens assumed coverage on Upstart in a research note on Thursday, June 12th. They issued an "equal weight" rating and a $55.00 target price on the stock. Six equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $78.54.

Upstart Stock Performance

Shares of UPST traded up $1.13 during mid-day trading on Monday, reaching $68.03. 2,643,851 shares of the company's stock traded hands, compared to its average volume of 6,280,415. Upstart Holdings, Inc. has a 12 month low of $31.40 and a 12 month high of $96.43. The stock has a market capitalization of $6.55 billion, a P/E ratio of -851.88 and a beta of 2.37. The business's 50-day moving average price is $72.91 and its 200-day moving average price is $58.33.

Upstart (NASDAQ:UPST - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.09. The business had revenue of $257.29 million during the quarter, compared to analyst estimates of $225.35 million. Upstart had a negative net margin of 0.75% and a negative return on equity of 5.95%. Upstart's quarterly revenue was up 101.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.17) EPS. Upstart has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts anticipate that Upstart Holdings, Inc. will post -0.03 EPS for the current year.

Insider Activity at Upstart

In other news, Director Kerry Whorton Cooper sold 500 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $69.21, for a total transaction of $34,605.00. Following the completion of the sale, the director directly owned 25,434 shares in the company, valued at $1,760,287.14. This represents a 1.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Paul Gu sold 5,000 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $68.61, for a total transaction of $343,050.00. Following the transaction, the chief technology officer directly owned 1,147,156 shares in the company, valued at $78,706,373.16. The trade was a 0.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 200,081 shares of company stock worth $13,010,750 in the last 90 days. Corporate insiders own 16.67% of the company's stock.

About Upstart

Upstart Holdings, Inc, together with its subsidiaries, operates a cloud-based artificial intelligence (AI) lending platform in the United States. Its platform includes personal loans, automotive retail and refinance loans, home equity lines of credit, and small dollar loans that connects consumer demand for loans to its to bank and credit unions.