Upstart Holdings, Inc. $UPST Shares Purchased by Annex Advisory Services LLC

Key Points

• Annex Advisory Services more than doubled its stake in Upstart in Q4 to 421,373 shares (about $18.4M), and other institutions including Baillie Gifford and Carnegie also established sizable positions, leaving roughly 63% of the stock held by institutional investors.
• Multiple plaintiff law firms have launched or solicited class‑action claims alleging securities‑law violations for investors who bought UPST between May 14 and Nov 4, 2025, with lead‑plaintiff deadlines (notably June 8, 2026) that heighten litigation and settlement risk for the company.
• Operational catalysts include a Q4 earnings beat (EPS $0.17 vs $0.15) and revenue up 35.2%, plus a board‑authorized $100M buyback (~3.2% of shares), but analyst ratings are mixed and the stock remains volatile with a wide 1‑year range.

Annex Advisory Services LLC boosted its position in shares of Upstart Holdings, Inc. (NASDAQ:UPST - Free Report) by 103.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 421,373 shares of the company's stock after acquiring an additional 214,279 shares during the quarter. Annex Advisory Services LLC owned 0.43% of Upstart worth $18,427,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Baillie Gifford & Co. purchased a new stake in Upstart during the fourth quarter worth about $33,188,000. Integrated Financial Solutions Inc. increased its stake in Upstart by 10.1% during the fourth quarter. Integrated Financial Solutions Inc. now owns 15,510 shares of the company's stock worth $678,000 after purchasing an additional 1,425 shares during the period. Carnegie Investment Counsel purchased a new stake in Upstart during the fourth quarter worth about $10,415,000. Apollon Wealth Management LLC increased its stake in Upstart by 53.0% during the fourth quarter. Apollon Wealth Management LLC now owns 34,858 shares of the company's stock worth $1,524,000 after purchasing an additional 12,077 shares during the period. Finally, Flagship Harbor Advisors LLC purchased a new stake in Upstart during the fourth quarter worth about $81,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Upstart

Here are the key news stories impacting Upstart this week:

• Positive Sentiment: Bullish AI thesis and product roadmap: a Fool profile highlights Upstart’s AI lending franchise and its plan to launch an AI-powered bank, framing the company as a high-upside AI play. This narrative can support upside interest from growth/AI investors. Prediction: This Artificial Intelligence (AI) Stock Is Going to Double Before 2026 Is Over
• Positive Sentiment: Recent short-term buying/price momentum: coverage from Yahoo Finance/Zacks notes recent intraday gains and the stock trending higher, which can attract momentum traders. Upstart Beats Stock Market Upswing
• Neutral Sentiment: Analyst and retail interest pieces: Zacks mentions UPST as a trending stock among its users, increasing visibility but not providing new fundamental catalysts. Here Is What to Know Beyond Why Upstart Is a Trending Stock
• Neutral Sentiment: Comparative fintech coverage: The Motley Fool piece comparing SoFi and Upstart frames Upstart as cyclical and interest-rate sensitive—useful context for investors but not an immediate price catalyst. SoFi vs. Upstart: Which Fintech Stock Is the Better Long-Term Buy?
• Negative Sentiment: Multiple class-action filings/solicitations: Several plaintiff law firms (Robbins LLP, Rosen Law, Berger Montague, Schall, DJS, Bernstein Liebhard, Faruqi & Faruqi, etc.) have announced suits or solicitations alleging securities-law claims for investors who bought UPST between May 14, 2025 and Nov 4, 2025. Widespread litigation outreach increases legal and settlement risk and tends to weigh on valuation/volatility. Robbins LLP Notice
• Negative Sentiment: Lead‑plaintiff deadlines and coordination risk: several firms are seeking lead‑plaintiff appointments with a common class period, and deadlines (notably June 8, 2026) have been highlighted—this can accelerate filings and publicity, further pressuring the stock. Faruqi & Faruqi Deadline Alert
• Negative Sentiment: Formal allegations of securities law violations: some notices (e.g., DJS Law Group, Schall Law, Rosen) explicitly allege 10(b)/20(a) and Rule 10b‑5 violations—these claims, if litigated, create potential for material legal costs and settlement exposure. DJS Law Group Notice

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Compass Point upgraded shares of Upstart from a "sell" rating to a "neutral" rating and boosted their price target for the stock from $20.00 to $30.00 in a research note on Tuesday, February 17th. Citigroup lowered shares of Upstart from a "buy" rating to a "strong sell" rating in a research note on Friday, February 13th. Citizens Jmp reiterated a "market underperform" rating and set a $20.00 price target on shares of Upstart in a research note on Friday, February 13th. Needham & Company LLC reiterated a "buy" rating and set a $40.00 price target on shares of Upstart in a research note on Wednesday, March 11th. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of Upstart in a research note on Friday, March 27th. Six research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat, Upstart presently has an average rating of "Hold" and a consensus target price of $48.00.

Insiders Place Their Bets

In related news, CFO Sanjay Datta sold 7,982 shares of the business's stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $29.86, for a total transaction of $238,342.52. Following the completion of the sale, the chief financial officer owned 276,688 shares in the company, valued at $8,261,903.68. The trade was a 2.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 9,481 shares of company stock worth $282,201 in the last three months. 16.67% of the stock is owned by insiders.

Upstart Stock Performance

Shares of UPST opened at $29.53 on Wednesday. The stock has a 50-day simple moving average of $28.77 and a 200-day simple moving average of $39.99. The stock has a market capitalization of $2.90 billion, a PE ratio of 70.31, a PEG ratio of 0.73 and a beta of 2.16. Upstart Holdings, Inc. has a 1 year low of $23.97 and a 1 year high of $87.30.

Upstart (NASDAQ:UPST - Get Free Report) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.02. The business had revenue of $296.09 million during the quarter, compared to analysts' expectations of $288.54 million. Upstart had a return on equity of 6.30% and a net margin of 5.13%.The business's quarterly revenue was up 35.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.26 EPS. Analysts predict that Upstart Holdings, Inc. will post -0.03 EPS for the current year.

Upstart announced that its board has authorized a stock repurchase program on Thursday, February 19th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to reacquire up to 3.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Upstart Company Profile

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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