Jupiter Topco LLC Invests $1.29 Million in Upstart Holdings, Inc. $UPST

Key Points

• Jupiter Topco acquired 36,427 Upstart shares worth approximately $1.29 million during the second quarter. Institutional investors collectively own 63.01% of the company.
• Analyst sentiment remains mixed, with eight Buy, six Hold, and two Sell ratings; Upstart has a consensus rating of Hold and an average price target of $44.40.
• Upstart’s latest quarterly revenue rose 41.9% year over year to $364.71 million, exceeding estimates, but earnings per share of $0.16 fell short of the $0.18 consensus forecast.

Jupiter Topco LLC purchased a new position in Upstart Holdings, Inc. (NASDAQ:UPST - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 36,427 shares of the company's stock, valued at approximately $1,291,000.

A number of other institutional investors also recently bought and sold shares of UPST. Cresset Asset Management LLC boosted its stake in shares of Upstart by 3.3% in the second quarter. Cresset Asset Management LLC now owns 5,241 shares of the company's stock worth $339,000 after buying an additional 169 shares during the last quarter. Daiwa Securities Group Inc. raised its position in Upstart by 29.1% during the second quarter. Daiwa Securities Group Inc. now owns 1,068 shares of the company's stock valued at $69,000 after acquiring an additional 241 shares in the last quarter. Advisory Services Network LLC lifted its holdings in Upstart by 5.3% in the second quarter. Advisory Services Network LLC now owns 5,399 shares of the company's stock valued at $349,000 after acquiring an additional 272 shares during the period. California State Teachers Retirement System boosted its position in Upstart by 0.4% in the 2nd quarter. California State Teachers Retirement System now owns 76,368 shares of the company's stock worth $4,939,000 after purchasing an additional 332 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its position in Upstart by 20.0% in the 1st quarter. NewEdge Advisors LLC now owns 1,997 shares of the company's stock worth $92,000 after purchasing an additional 333 shares in the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Upstart from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Jefferies Financial Group reiterated a "hold" rating and issued a $30.00 price objective on shares of Upstart in a research report on Tuesday, June 9th. BTIG Research reissued a "buy" rating and issued a $43.00 price objective on shares of Upstart in a report on Wednesday, August 5th. Weiss Ratings downgraded Upstart from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Monday. Finally, Citigroup decreased their target price on Upstart from $80.00 to $61.00 and set a "buy" rating on the stock in a research report on Wednesday, July 22nd. Eight investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Upstart presently has a consensus rating of "Hold" and a consensus target price of $44.40.

Upstart Stock Performance

Shares of UPST opened at $28.05 on Friday. Upstart Holdings, Inc. has a one year low of $23.97 and a one year high of $71.38. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 57.24, a PEG ratio of 1.00 and a beta of 2.16. The stock has a 50 day moving average price of $30.30 and a 200 day moving average price of $29.81.

Upstart (NASDAQ:UPST - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $364.71 million during the quarter, compared to analysts' expectations of $354.74 million. During the same quarter in the previous year, the business posted $0.36 EPS. The company's revenue for the quarter was up 41.9% on a year-over-year basis. On average, analysts predict that Upstart Holdings, Inc. will post 0.72 earnings per share for the current year.

Insider Transactions at Upstart

In related news, insider Natalia Mirgorodskaya sold 913 shares of the business'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 transaction, the insider directly owned 35,875 shares in the company, valued at approximately $1,077,326.25. The trade was a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Andrea Blankmeyer sold 7,175 shares of the company's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $29.36, for a total transaction of $210,658.00. Following the sale, the chief financial officer directly owned 155,208 shares of the company's stock, valued at approximately $4,556,906.88. This represents a 4.42% decrease in their position. 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. Over the last three months, insiders have sold 47,652 shares of company stock valued at $1,424,230. Corporate insiders own 17.29% of the company's stock.

About Upstart

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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