Prudential Financial Inc. Grows Stock Holdings in Upstart Holdings, Inc. $UPST

Key Points

• Prudential Financial boosted its stake in Upstart by 1,116.8% in Q2 to 89,675 shares (about $5.8M), representing roughly a 0.09% ownership of the company.
• Other large institutions — including Vanguard, Geode, Invesco and Driehaus — also increased positions and institutional investors now own 63.01% of Upstart, while insiders sold 63,813 shares over the last 90 days (including CEO Dave Girouard's 41,667-share sale).
• Analyst sentiment is mixed with an average "Hold" rating and a $64.58 target; Upstart recently reported an EPS beat ($0.52 vs. $0.42) but missed revenue estimates, and the stock trades at a ~$4.39B market cap with a P/E around 205.

Prudential Financial Inc. grew its position in Upstart Holdings, Inc. (NASDAQ:UPST - Free Report) by 1,116.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 89,675 shares of the company's stock after buying an additional 82,305 shares during the period. Prudential Financial Inc. owned 0.09% of Upstart worth $5,800,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Upstart by 2.8% in the first quarter. Vanguard Group Inc. now owns 8,014,656 shares of the company's stock worth $368,915,000 after purchasing an additional 221,204 shares during the last quarter. Geode Capital Management LLC grew its stake in Upstart by 3.8% during the 2nd quarter. Geode Capital Management LLC now owns 2,009,116 shares of the company's stock worth $129,965,000 after buying an additional 73,582 shares during the last quarter. Invesco Ltd. grew its stake in Upstart by 79.0% during the 1st quarter. Invesco Ltd. now owns 1,270,352 shares of the company's stock worth $58,474,000 after buying an additional 560,668 shares during the last quarter. Driehaus Capital Management LLC increased its position in Upstart by 71.5% during the 1st quarter. Driehaus Capital Management LLC now owns 1,215,237 shares of the company's stock valued at $55,937,000 after buying an additional 506,787 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Upstart by 3.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,197,966 shares of the company's stock valued at $55,143,000 after buying an additional 44,635 shares during the last quarter. Institutional investors own 63.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Piper Sandler lowered their target price on shares of Upstart from $80.00 to $56.00 and set an "overweight" rating for the company in a research note on Wednesday, November 5th. Weiss Ratings downgraded shares of Upstart from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday. Morgan Stanley set a $45.00 target price on Upstart in a research report on Wednesday, November 5th. The Goldman Sachs Group restated a "sell" rating and issued a $40.00 target price on shares of Upstart in a research note on Thursday, November 6th. Finally, Bank of America dropped their price target on Upstart from $81.00 to $71.00 and set a "neutral" rating on the stock in a research note on Wednesday, November 5th. Six analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $64.58.

Insider Activity

In related news, CEO Dave Girouard sold 41,667 shares of the business's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $64.93, for a total value of $2,705,438.31. Following the completion of the transaction, the chief executive officer directly owned 52,614 shares in the company, valued at $3,416,227.02. The trade was a 44.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Natalia Mirgorodskaya sold 1,439 shares of the firm's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $69.21, for a total transaction of $99,593.19. Following the sale, the insider owned 21,081 shares in the company, valued at approximately $1,459,016.01. This represents a 6.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 63,813 shares of company stock worth $3,740,767. 16.67% of the stock is currently owned by corporate insiders.

Upstart Stock Performance

NASDAQ UPST opened at $45.12 on Friday. The firm has a market capitalization of $4.39 billion, a P/E ratio of 205.08 and a beta of 2.26. The stock has a 50-day simple moving average of $47.33 and a two-hundred day simple moving average of $58.86. Upstart Holdings, Inc. has a fifty-two week low of $31.40 and a fifty-two week high of $96.43.

Upstart (NASDAQ:UPST - Get Free Report) last posted its earnings results on Tuesday, November 4th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.42 by $0.10. The firm had revenue of $258.54 million for the quarter, compared to analyst estimates of $288.94 million. Upstart had a return on equity of 3.68% and a net margin of 3.33%.Upstart's revenue for the quarter was up 70.9% compared to the same quarter last year. During the same period last year, the company earned ($0.07) earnings per share. Upstart has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, analysts forecast that Upstart Holdings, Inc. will post -0.03 earnings per share for the current year.

Upstart 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.

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