Trexquant Investment LP Sells 119,743 Shares of Upstart Holdings, Inc. $UPST

Key Points

• Trexquant Investment LP reduced its stake in Upstart Holdings by 20.1%, selling 119,743 shares, leaving them with 476,646 shares valued at approximately $21.94 million.
• Institutional investors collectively own 63.01% of Upstart's stock, with recent increases in positions from several firms including Ancora Advisors LLC and NewEdge Advisors LLC.
• Upstart reported a 101.6% year-over-year increase in revenue for the last quarter, with earnings per share of $0.36, exceeding analysts' estimates by $0.09.

Trexquant Investment LP reduced its position in shares of Upstart Holdings, Inc. (NASDAQ:UPST - Free Report) by 20.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 476,646 shares of the company's stock after selling 119,743 shares during the period. Trexquant Investment LP owned approximately 0.50% of Upstart worth $21,940,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Virtus Fund Advisers LLC acquired a new position in Upstart during the fourth quarter valued at approximately $32,000. Mackenzie Financial Corp acquired a new position in Upstart during the fourth quarter valued at approximately $62,000. GAMMA Investing LLC increased its holdings in shares of 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 buying an additional 314 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of 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 buying an additional 1,548 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in shares of 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 buying an additional 836 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Upstart Price Performance

NASDAQ UPST traded down $0.48 on Friday, reaching $73.28. The company had a trading volume of 5,760,804 shares, compared to its average volume of 7,976,939. The firm has a market cap of $7.05 billion, a price-to-earnings ratio of -916.00 and a beta of 2.39. Upstart Holdings, Inc. has a fifty-two week low of $31.40 and a fifty-two week high of $96.43. The business has a 50 day moving average of $72.38 and a two-hundred day moving average of $59.02.

Upstart (NASDAQ:UPST - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.36 earnings per share 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 quarterly revenue was up 101.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.17) earnings per share. Upstart has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts predict that Upstart Holdings, Inc. will post -0.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

UPST has been the subject of several research analyst reports. JPMorgan Chase & Co. upgraded shares of Upstart from a "neutral" rating to an "overweight" rating and lowered their price target for the stock from $93.00 to $88.00 in a report on Wednesday, August 20th. Piper Sandler upped their price target on shares of Upstart from $75.00 to $90.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Barclays upped their price target on shares of Upstart from $42.00 to $47.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Bank of America lowered their price target on shares of Upstart from $88.00 to $87.00 and set a "neutral" rating for the company in a report on Wednesday, August 6th. Finally, Morgan Stanley reiterated an "equal weight" rating on shares of Upstart in a report on Wednesday, August 6th. Six analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Upstart presently has a consensus rating of "Hold" and a consensus price target of $78.54.

Insider Activity at Upstart

In related news, insider Natalia Mirgorodskaya sold 1,024 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $68.00, for a total value of $69,632.00. Following the completion of the sale, the insider directly owned 22,520 shares in the company, valued at $1,531,360. This represents a 4.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Dave Girouard sold 41,667 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of $63.27, for a total value of $2,636,271.09. Following the completion of the sale, the chief executive officer owned 52,614 shares of the company's stock, valued at $3,328,887.78. The trade was a 44.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 193,642 shares of company stock worth $12,556,962 over the last three months. Company insiders own 16.67% of the company's stock.

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.