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

Algert Global LLC increased its holdings in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 13.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 57,184 shares of the company’s stock after acquiring an additional 6,578 shares during the period. Algert Global LLC owned approximately 0.06% of Upstart worth $2,632,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Liontrust Investment Partners LLP boosted its position in shares of Upstart by 153.9% during the 1st quarter. Liontrust Investment Partners LLP now owns 161,402 shares of the company’s stock worth $7,429,000 after purchasing an additional 97,836 shares in the last quarter. Fox Run Management L.L.C. lifted its stake in shares of Upstart by 859.9% in the first quarter. Fox Run Management L.L.C. now owns 49,684 shares of the company’s stock valued at $2,287,000 after purchasing an additional 44,508 shares during the period. Independent Advisor Alliance boosted its holdings in Upstart by 9.8% during the first quarter. Independent Advisor Alliance now owns 5,425 shares of the company’s stock worth $250,000 after buying an additional 483 shares in the last quarter. Nuveen LLC acquired a new position in Upstart during the first quarter worth about $19,098,000. Finally, Virtu Financial LLC grew its position in Upstart by 93.0% during the first quarter. Virtu Financial LLC now owns 15,238 shares of the company’s stock worth $701,000 after buying an additional 7,343 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

Upstart Stock Up 3.7%

Shares of NASDAQ:UPST opened at $63.88 on Thursday. The company has a market capitalization of $6.15 billion, a P/E ratio of -798.50 and a beta of 2.39. Upstart Holdings, Inc. has a 52-week low of $31.40 and a 52-week high of $96.43. The stock’s fifty day simple moving average is $70.46 and its 200-day simple moving average is $59.07.

Upstart (NASDAQ:UPST) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.09. The firm had revenue of $257.29 million during the quarter, compared to analysts’ expectations of $225.35 million. Upstart had a negative return on equity of 5.95% and a negative net margin of 0.75%.The firm’s quarterly revenue was up 101.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.17) EPS. Upstart has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Upstart Holdings, Inc. will post -0.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

UPST has been the subject of a number of research reports. Bank of America reduced their price target on shares of Upstart from $88.00 to $87.00 and set a “neutral” rating for the company in a research report on Wednesday, August 6th. JPMorgan Chase & Co. raised Upstart from a “neutral” rating to an “overweight” rating and lowered their target price for the company from $93.00 to $88.00 in a report on Wednesday. Piper Sandler raised their price target on Upstart from $75.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, August 6th. The Goldman Sachs Group raised Upstart to a “sell” rating and set a $71.00 price target for the company in a research note on Monday, July 14th. Finally, Barclays boosted their price objective on shares of Upstart from $42.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Monday, May 12th. Six equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Upstart presently has a consensus rating of “Hold” and an average target price of $78.54.

Insider Activity at Upstart

In other Upstart news, CEO Dave Girouard sold 41,667 shares of the business’s stock in a transaction on Friday, June 20th. The stock was sold at an average price of $60.05, for a total value of $2,502,103.35. Following the completion of 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Natalia Mirgorodskaya sold 6,533 shares of the firm’s stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $70.06, for a total value of $457,701.98. Following the sale, the insider owned 24,623 shares in the company, valued at $1,725,087.38. This trade represents a 20.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 179,041 shares of company stock worth $11,631,576 in the last three months. Insiders own 16.67% of the company’s stock.

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.