Atria Wealth Solutions Inc. Acquires 964 Shares of Upstart Holdings, Inc. $UPST

Atria Wealth Solutions Inc. lifted its holdings in Upstart Holdings, Inc. (NASDAQ:UPST) by 12.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,930 shares of the company’s stock after purchasing an additional 964 shares during the period. Atria Wealth Solutions Inc.’s holdings in Upstart were worth $604,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. KADENSA CAPITAL Ltd bought a new position in shares of Upstart in the first quarter worth about $18,972,000. Intech Investment Management LLC increased its stake in shares of Upstart by 70.8% in the first quarter. Intech Investment Management LLC now owns 74,134 shares of the company’s stock worth $3,412,000 after purchasing an additional 30,739 shares during the period. Advisors Asset Management Inc. increased its stake in shares of Upstart by 753.9% in the first quarter. Advisors Asset Management Inc. now owns 12,980 shares of the company’s stock worth $597,000 after purchasing an additional 11,460 shares during the period. Teacher Retirement System of Texas bought a new position in shares of Upstart in the first quarter worth about $550,000. Finally, SCS Capital Management LLC bought a new position in shares of Upstart in the first quarter worth about $1,841,000. 63.01% of the stock is currently owned by institutional investors.

Upstart Stock Down 2.7%

UPST stock opened at $46.50 on Friday. Upstart Holdings, Inc. has a twelve month low of $31.40 and a twelve month high of $96.43. The company has a market cap of $4.47 billion, a PE ratio of -581.25 and a beta of 2.28. The business’s 50-day simple moving average is $61.35 and its 200 day simple moving average is $58.88.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. upgraded Upstart from a “neutral” rating to an “overweight” rating and dropped their price objective for the stock from $93.00 to $88.00 in a research note on Wednesday, August 20th. Morgan Stanley reissued an “equal weight” rating on shares of Upstart in a research report on Wednesday, August 6th. Piper Sandler lifted their target price on Upstart from $75.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 6th. The Goldman Sachs Group decreased their target price on Upstart from $78.00 to $54.00 and set a “sell” rating on the stock in a research report on Monday, October 13th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Upstart in a research report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Upstart currently has an average rating of “Hold” and a consensus price target of $79.67.

Insider Activity at Upstart

In other Upstart news, Director Kerry Whorton Cooper sold 500 shares of Upstart stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $69.21, for a total transaction of $34,605.00. Following the sale, the director directly owned 25,434 shares of the company’s stock, valued at approximately $1,760,287.14. The trade was a 1.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Natalia Mirgorodskaya sold 1,439 shares of Upstart stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $69.21, for a total value of $99,593.19. Following the sale, the insider directly owned 21,081 shares in the company, valued at $1,459,016.01. The trade was a 6.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 106,214 shares of company stock valued at $6,803,558. Corporate 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.