KADENSA CAPITAL Ltd Takes $18.97 Million Position in Upstart Holdings, Inc. $UPST

Key Points

• KADENSA CAPITAL Ltd has invested approximately $18.97 million in Upstart Holdings, acquiring 412,171 shares, making Upstart the 12th largest position in its portfolio.
• Several large investors have also increased their stakes in Upstart, including Vanguard Group and Fred Alger Management, highlighting a trend of growing institutional interest in the company.
• Upstart's recent earnings report revealed a significant revenue increase of 101.6% year-over-year, with an EPS of $0.36, beating analyst expectations.

KADENSA CAPITAL Ltd acquired a new position in shares of Upstart Holdings, Inc. (NASDAQ:UPST - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 412,171 shares of the company's stock, valued at approximately $18,972,000. Upstart accounts for 2.4% of KADENSA CAPITAL Ltd's investment portfolio, making the stock its 12th biggest holding. KADENSA CAPITAL Ltd owned about 0.43% of Upstart at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Virtus Fund Advisers LLC bought a new position in Upstart during the fourth quarter worth $32,000. Mackenzie Financial Corp bought a new position in Upstart during the fourth quarter worth $62,000. GAMMA Investing LLC boosted its position in Upstart by 23.3% during the first quarter. GAMMA Investing LLC now owns 1,662 shares of the company's stock worth $77,000 after purchasing an additional 314 shares during the period. PNC Financial Services Group Inc. boosted its position in Upstart by 385.1% during the first quarter. PNC Financial Services Group Inc. now owns 1,950 shares of the company's stock worth $90,000 after purchasing an additional 1,548 shares during the period. Finally, Asset Management One Co. Ltd. boosted its position in Upstart by 71.2% during the first quarter. Asset Management One Co. Ltd. now owns 2,010 shares of the company's stock worth $93,000 after purchasing an additional 836 shares during the period. 63.01% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Upstart news, insider Natalia Mirgorodskaya sold 6,533 shares of the business's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $70.06, for a total transaction of $457,701.98. Following the completion of the transaction, the insider owned 24,623 shares of the company's stock, valued at approximately $1,725,087.38. The trade was a 20.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Paul Gu sold 5,000 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $68.61, for a total value of $343,050.00. Following the transaction, the chief technology officer directly owned 1,147,156 shares of the company's stock, valued at approximately $78,706,373.16. The trade was a 0.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold 158,414 shares of company stock worth $10,506,147 in the last ninety days. 16.67% of the stock is owned by company insiders.

Upstart Price Performance

UPST stock traded down $6.04 during midday trading on Wednesday, reaching $62.88. The company had a trading volume of 9,689,193 shares, compared to its average volume of 6,290,349. The company has a market capitalization of $6.05 billion, a price-to-earnings ratio of -788.25 and a beta of 2.37. The stock has a 50 day moving average price of $73.00 and a 200-day moving average price of $58.37. Upstart Holdings, Inc. has a 1-year low of $31.40 and a 1-year high of $96.43.

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on UPST. Piper Sandler lifted their target price on Upstart from $75.00 to $90.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. The Goldman Sachs Group raised Upstart to a "sell" rating and set a $71.00 target price for the company in a report on Monday, July 14th. JPMorgan Chase & Co. raised Upstart from a "neutral" rating to an "overweight" rating and dropped their target price for the stock from $93.00 to $88.00 in a report on Wednesday, August 20th. Needham & Company LLC reissued a "buy" rating and set a $82.00 target price (up previously from $70.00) on shares of Upstart in a report on Wednesday, August 6th. Finally, Bank of America reduced their price target on Upstart from $88.00 to $87.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 6th. Six investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Upstart presently has an average rating of "Hold" and a consensus target price of $78.54.

Upstart Company Profile

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.