Vanguard Group Inc. Purchases 221,204 Shares of Upstart Holdings, Inc. $UPST

Key Points

• Vanguard Group Inc. has increased its ownership in Upstart Holdings, Inc. by 2.8%, now holding 8,014,656 shares valued at approximately $368.9 million.
• CEO Dave Girouard sold 41,667 shares, representing a 44.19% decrease in his ownership, while CFO Sanjay Datta also sold shares, indicating significant insider activity.
• Upstart's quarterly earnings showed strong performance with $257.29 million in revenue, exceeding estimates and reflecting a 101.6% year-over-year revenue growth.

Vanguard Group Inc. raised its position in Upstart Holdings, Inc. (NASDAQ:UPST - Free Report) by 2.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,014,656 shares of the company's stock after purchasing an additional 221,204 shares during the quarter. Vanguard Group Inc. owned 8.43% of Upstart worth $368,915,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in UPST. Virtus Fund Advisers LLC bought a new position in shares of Upstart during the fourth quarter worth about $32,000. Mackenzie Financial Corp bought a new stake in Upstart in the fourth quarter worth approximately $62,000. GAMMA Investing LLC increased 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 in the last quarter. PNC Financial Services Group Inc. increased 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 in the last quarter. Finally, Asset Management One Co. Ltd. grew its stake in Upstart by 71.2% in the first quarter. Asset Management One Co. Ltd. now owns 2,010 shares of the company's stock valued at $93,000 after acquiring an additional 836 shares during the period. 63.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Upstart news, insider Natalia Mirgorodskaya sold 6,533 shares of the company's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $70.06, for a total transaction of $457,701.98. Following the completion of the transaction, the insider owned 24,623 shares of the company's stock, valued at $1,725,087.38. This represents a 20.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Dave Girouard sold 41,667 shares of the company's stock in a transaction that occurred 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 of the company's stock, valued at $3,159,470.70. The trade was a 44.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 179,041 shares of company stock valued at $11,631,576 in the last ninety days. 16.67% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Stephens assumed coverage on Upstart in a research report on Thursday, June 12th. They set an "equal weight" rating and a $55.00 target price on the stock. Piper Sandler boosted their target price on 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 reiterated a "buy" rating and set a $82.00 price objective (up from $70.00) on shares of Upstart in a research note on Wednesday, August 6th. Bank of America reduced their target price on Upstart from $88.00 to $87.00 and set a "neutral" rating for the company in a research report on Wednesday, August 6th. Finally, The Goldman Sachs Group upgraded Upstart to a "sell" rating and set a $71.00 target price for the company in a research report on Monday, July 14th. Six research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $78.54.

Upstart Stock Performance

UPST stock traded down $0.36 during trading on Thursday, hitting $63.52. 2,854,818 shares of the company traded hands, compared to its average volume of 7,619,361. The firm has a market capitalization of $6.11 billion, a PE ratio of -794.00 and a beta of 2.39. Upstart Holdings, Inc. has a 1 year low of $31.40 and a 1 year high of $96.43. The company has a 50-day moving average of $70.64 and a 200-day moving average of $59.07.

Upstart (NASDAQ:UPST - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.36 EPS 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 analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.17) EPS. Upstart has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts expect that Upstart Holdings, Inc. will post -0.03 EPS 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.