Odyssean LLC Acquires 44,510 Shares of Upstart Holdings, Inc. $UPST

Key Points

• Odyssean LLC more than doubled its Upstart stake in the second quarter, purchasing 44,510 additional shares to own 80,393 shares valued at approximately $2.85 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, but earnings of $0.16 per share fell short of analysts’ $0.18 estimate. The stock opened at $30.58, well below its 12-month high of $76.95.
• Analyst sentiment remains mixed, with eight Buy, seven Hold, and one Sell rating, producing a consensus Hold rating and an average price target of $44.40. Insiders sold 46,739 shares worth about $1.4 million over the past three months.

Odyssean LLC grew its holdings in shares of Upstart Holdings, Inc. (NASDAQ:UPST - Free Report) by 124.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 80,393 shares of the company's stock after purchasing an additional 44,510 shares during the period. Odyssean LLC owned about 0.08% of Upstart worth $2,848,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP grew its position in Upstart by 749.2% during the third quarter. Quarry LP now owns 501 shares of the company's stock worth $25,000 after buying an additional 442 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Upstart by 132.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 771 shares of the company's stock worth $39,000 after acquiring an additional 439 shares during the period. Empowered Funds LLC acquired a new position in Upstart in the 4th quarter valued at $40,000. Bogart Wealth LLC acquired a new position in Upstart in the 4th quarter valued at $44,000. Finally, Geneos Wealth Management Inc. raised its holdings in Upstart by 274.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,842 shares of the company's stock valued at $47,000 after acquiring an additional 1,350 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Upstart

In other Upstart news, CFO Andrea Blankmeyer sold 7,175 shares of the firm's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $29.36, for a total value of $210,658.00. Following the sale, the chief financial officer owned 155,208 shares in the company, valued at $4,556,906.88. This trade represents a 4.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 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. Also, insider Sanjay Datta sold 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $30.41, for a total transaction of $456,150.00. Following the completion of the sale, the insider owned 313,556 shares in the company, valued at $9,535,237.96. This represents a 4.57% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 46,739 shares of company stock valued at $1,396,813. 17.29% of the stock is owned by insiders.

Upstart Stock Up 2.3%

Upstart stock opened at $30.58 on Wednesday. The stock has a market cap of $2.98 billion, a PE ratio of 62.41, a P/E/G ratio of 1.05 and a beta of 2.29. Upstart Holdings, Inc. has a 12-month low of $23.97 and a 12-month high of $76.95. The business's 50-day moving average price is $30.83 and its two-hundred day moving average price is $30.12.

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). The company had revenue of $364.71 million during the quarter, compared to analyst estimates of $354.74 million. Upstart had a net margin of 4.84% and a return on equity of 7.13%. The company's revenue for the quarter was up 41.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.36 earnings per share. As a group, analysts expect that Upstart Holdings, Inc. will post 0.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on UPST shares. Piper Sandler increased their target price on Upstart from $46.00 to $51.00 and gave the stock an "overweight" rating in a report on Wednesday, August 5th. Morgan Stanley set a $35.00 price target on Upstart in a research note on Thursday, May 7th. Citigroup cut their price objective on shares of Upstart from $80.00 to $61.00 and set a "buy" rating for the company in a research report on Wednesday, July 22nd. Jefferies Financial Group reiterated a "hold" rating and set a $30.00 price objective on shares of Upstart in a research note on Tuesday, June 9th. Finally, Mizuho set a $45.00 target price on shares of Upstart in a research report on Friday, May 8th. Eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Upstart presently has a consensus rating of "Hold" and a consensus price target of $44.40.

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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