Upstart (NASDAQ:UPST) CFO Sells $210,658.00 in Stock

Key Points

• Upstart CFO Andrea Blankmeyer sold $210,658 worth of shares, reducing her holdings by 4.42% to 155,208 shares. The transaction occurred under a Rule 10b5-1 plan to cover tax withholding on vested equity awards.
• Upstart shares rose 5.1% to $30.60, while the company reported quarterly revenue of $364.71 million, up 41.9% year over year, but earnings per share of $0.16 fell short of the $0.18 analyst consensus.
• Analyst sentiment remains mixed, with an average rating of “Hold” and an average price target of $44.40; institutional investors currently own 63.01% of the stock.

Upstart Holdings, Inc. (NASDAQ:UPST - Get Free Report) CFO Andrea Blankmeyer sold 7,175 shares of Upstart stock in a transaction on Monday, August 17th. The shares were sold at an average price of $29.36, for a total transaction of $210,658.00. Following the transaction, the chief financial officer owned 155,208 shares in the company, valued at $4,556,906.88. The trade was a 4.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Andrea Blankmeyer also recently made the following trade(s):

• On Wednesday, August 19th, Andrea Blankmeyer sold 3,000 shares of Upstart stock. The shares were sold at an average price of $29.33, for a total value of $87,990.00.

Upstart Trading Up 5.1%

NASDAQ:UPST traded up $1.49 during mid-day trading on Wednesday, hitting $30.60. The company had a trading volume of 5,884,208 shares, compared to its average volume of 4,783,915. The business has a fifty day simple moving average of $30.97 and a 200-day simple moving average of $30.45. Upstart Holdings, Inc. has a 1 year low of $23.97 and a 1 year high of $76.95. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 62.45, a PEG ratio of 1.07 and a beta of 2.29.

Upstart (NASDAQ:UPST - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.02). Upstart had a return on equity of 7.13% and a net margin of 4.84%.The company had revenue of $364.71 million for the quarter, compared to analyst estimates of $354.74 million. During the same quarter in the prior year, the firm earned $0.36 EPS. The company's revenue for the quarter was up 41.9% compared to the same quarter last year. As a group, research analysts anticipate that Upstart Holdings, Inc. will post 0.72 earnings per share for the current year.

Institutional Investors Weigh In On Upstart

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Morgan Stanley grew its position in shares of Upstart by 154.6% in the 4th quarter. Morgan Stanley now owns 4,206,615 shares of the company's stock worth $183,955,000 after acquiring an additional 2,554,591 shares in the last quarter. Norges Bank bought a new position in Upstart during the fourth quarter worth $49,915,000. Halter Ferguson Financial Inc. lifted its stake in Upstart by 253.3% during the first quarter. Halter Ferguson Financial Inc. now owns 1,467,360 shares of the company's stock worth $37,638,000 after purchasing an additional 1,052,039 shares during the last quarter. Azora Capital LP acquired a new position in Upstart in the fourth quarter worth $38,580,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Upstart by 267.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,022,780 shares of the company's stock worth $26,234,000 after purchasing an additional 744,190 shares during the period. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on UPST shares. B. Riley Financial lowered their price objective on shares of Upstart from $66.00 to $54.00 and set a "buy" rating for the company in a research report on Wednesday, May 6th. Wall Street Zen raised shares of Upstart from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. The Goldman Sachs Group upped their target price on shares of Upstart from $32.00 to $39.00 and gave the company a "neutral" rating in a research note on Thursday, July 9th. Mizuho set a $45.00 price target on shares of Upstart in a research note on Friday, May 8th. Finally, Jefferies Financial Group reiterated a "hold" rating and issued a $30.00 price objective on shares of Upstart in a report on Tuesday, June 9th. Eight equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Upstart has an average rating of "Hold" and an average price target of $44.40.

About Upstart

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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