Quantbot Technologies LP Acquires 147,582 Shares of Upstart Holdings, Inc. $UPST

Key Points

• Quantbot Technologies LP significantly increased its stake in Upstart Holdings, acquiring an additional 147,582 shares, raising its ownership by 454.8% and bringing its total holdings to 180,035 shares valued at approximately $8.3 million.
• Wall Street analysts have mixed views on Upstart, with a "buy" rating from Needham & Company (target price raised to $82.00) and a "sell" rating from Goldman Sachs (target price set at $71.00), contributing to an average price target of $77.85.
• Upstart reported a quarterly revenue of $257.29 million, exceeding estimates and marking a year-over-year growth of 101.6%, although it recorded negative earnings per share of $0.36.

Quantbot Technologies LP grew its stake in Upstart Holdings, Inc. (NASDAQ:UPST - Free Report) by 454.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 180,035 shares of the company's stock after purchasing an additional 147,582 shares during the quarter. Quantbot Technologies LP owned about 0.19% of Upstart worth $8,287,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in UPST. Virtus Fund Advisers LLC purchased a new stake in Upstart in the fourth quarter worth about $32,000. Mackenzie Financial Corp purchased a new stake in Upstart in the fourth quarter worth about $62,000. GAMMA Investing LLC grew its holdings in Upstart by 23.3% in 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. grew its holdings in Upstart by 385.1% in 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. increased its stake in Upstart by 71.2% during the 1st quarter. Asset Management One Co. Ltd. now owns 2,010 shares of the company's stock valued at $93,000 after purchasing an additional 836 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Upstart

In other Upstart news, CFO Sanjay Datta sold 13,473 shares of Upstart stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $61.12, for a total transaction of $823,469.76. Following the transaction, the chief financial officer owned 297,904 shares of the company's stock, valued at $18,207,892.48. The trade was a 4.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dave Girouard sold 41,667 shares of Upstart stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $60.05, for a total transaction of $2,502,103.35. Following the transaction, the chief executive officer directly owned 52,614 shares in the company, valued at $3,159,470.70. This represents a 44.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 192,253 shares of company stock valued at $12,461,780 over the last 90 days. 16.67% of the stock is currently owned by corporate insiders.

Upstart Price Performance

Shares of UPST traded up $5.33 on Friday, reaching $68.85. The company's stock had a trading volume of 12,195,810 shares, compared to its average volume of 7,574,350. The stock has a market capitalization of $6.62 billion, a P/E ratio of -860.63 and a beta of 2.39. The stock's 50 day simple moving average is $70.98 and its two-hundred day simple moving average is $59.11. Upstart Holdings, Inc. has a 12-month low of $31.40 and a 12-month high of $96.43.

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on UPST. Piper Sandler raised their price objective on shares of Upstart from $75.00 to $90.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Needham & Company LLC reaffirmed a "buy" rating and set a $82.00 price target (up previously from $70.00) on shares of Upstart in a report on Wednesday, August 6th. Barclays raised their price target on shares of Upstart from $42.00 to $47.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. JPMorgan Chase & Co. raised shares of Upstart from a "neutral" rating to an "overweight" rating and dropped their price target for the company from $93.00 to $88.00 in a report on Wednesday. Finally, The Goldman Sachs Group raised shares of Upstart to a "sell" rating and set a $71.00 price target on the stock in a report on Monday, July 14th. Six analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Upstart has a consensus rating of "Hold" and a consensus target price of $78.54.

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.