Upstart Holdings, Inc. $UPST Shares Acquired by Algert Global LLC

Key Points

• Algert Global LLC increased its holdings in Upstart Holdings by 13.0%, owning 57,184 shares valued at approximately $2.63 million.
• Upstart's shares are currently valued at $63.88, with a market capitalization of $6.15 billion and a P/E ratio of -798.50, indicating a highly volatile investment.
• Upstart's recent earnings report showed a 101.6% increase in quarterly revenue year-over-year, exceeding analysts' expectations, with an EPS of $0.36, surpassing the consensus estimate of $0.27.

Algert Global LLC raised its stake in shares of Upstart Holdings, Inc. (NASDAQ:UPST - Free Report) by 13.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 57,184 shares of the company's stock after purchasing an additional 6,578 shares during the period. Algert Global LLC owned 0.06% of Upstart worth $2,632,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Teacher Retirement System of Texas bought a new position in shares of Upstart during the 1st quarter valued at about $550,000. Cerity Partners LLC purchased a new stake in shares of Upstart in the fourth quarter valued at approximately $209,000. Rakuten Securities Inc. increased its holdings in Upstart by 482.3% during the first quarter. Rakuten Securities Inc. now owns 2,888 shares of the company's stock valued at $133,000 after buying an additional 2,392 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in Upstart by 175.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,712 shares of the company's stock valued at $585,000 after buying an additional 8,098 shares during the period. Finally, Simplicity Wealth LLC acquired a new position in shares of Upstart during the first quarter worth $1,712,000. Institutional investors own 63.01% of the company's stock.

Insider Buying and Selling at Upstart

In other Upstart news, CEO Dave Girouard sold 41,667 shares of Upstart stock in a transaction on Friday, June 20th. The shares were sold at an average price of $60.05, for a total value of $2,502,103.35. Following the transaction, the chief executive officer directly owned 52,614 shares in the company, valued at approximately $3,159,470.70. The trade was a 44.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Sanjay Datta sold 13,473 shares of Upstart stock in a transaction 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 completion of the transaction, the chief financial officer owned 297,904 shares in the company, valued at approximately $18,207,892.48. This represents a 4.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 192,253 shares of company stock worth $12,461,780. 16.67% of the stock is owned by company insiders.

Upstart Price Performance

Shares of Upstart stock traded up $1.6810 during trading on Monday, hitting $70.5310. 4,561,803 shares of the stock were exchanged, compared to its average volume of 6,329,796. The stock has a market cap of $6.79 billion, a price-to-earnings ratio of -885.68 and a beta of 2.39. The firm's 50-day moving average price is $70.98 and its 200 day moving average price is $59.02. 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 released its quarterly earnings data on Tuesday, August 5th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.09. The business had revenue of $257.29 million during the quarter, compared to analysts' expectations of $225.35 million. Upstart had a negative net margin of 0.75% and a negative return on equity of 5.95%. The company's revenue for the quarter was up 101.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.17) EPS. Upstart has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts forecast that Upstart Holdings, Inc. will post -0.03 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on UPST. Bank of America dropped their price objective on shares of Upstart from $88.00 to $87.00 and set a "neutral" rating on the stock in a report on Wednesday, August 6th. Piper Sandler upped their price target on shares of Upstart from $75.00 to $90.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. JPMorgan Chase & Co. raised shares of Upstart from a "neutral" rating to an "overweight" rating and lowered their price target for the company from $93.00 to $88.00 in a report on Wednesday, August 20th. Stephens initiated coverage on Upstart in a research note on Thursday, June 12th. They issued an "equal weight" rating and a $55.00 target price on the stock. Finally, Barclays lifted their target price 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. 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 company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $78.54.

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.