Upstart Holdings, Inc. $UPST Holdings Decreased by Fox Run Management L.L.C.

Fox Run Management L.L.C. reduced its position in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 55.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 22,208 shares of the company’s stock after selling 27,476 shares during the quarter. Fox Run Management L.L.C.’s holdings in Upstart were worth $1,436,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in UPST. Cornerstone Investment Partners LLC bought a new stake in Upstart during the second quarter valued at $213,000. Savant Capital LLC lifted its position in shares of Upstart by 44.5% in the 2nd quarter. Savant Capital LLC now owns 6,472 shares of the company’s stock worth $419,000 after buying an additional 1,994 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Upstart by 6.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 257,322 shares of the company’s stock valued at $16,644,000 after buying an additional 16,111 shares during the period. Intellectus Partners LLC grew its position in shares of Upstart by 8.9% during the 2nd quarter. Intellectus Partners LLC now owns 7,462 shares of the company’s stock valued at $483,000 after buying an additional 612 shares during the last quarter. Finally, Versor Investments LP grew its position in shares of Upstart by 98.6% during the 2nd quarter. Versor Investments LP now owns 15,480 shares of the company’s stock valued at $1,001,000 after buying an additional 7,686 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Insider Buying and Selling at Upstart

In related news, CEO Dave Girouard sold 41,667 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $64.93, for a total value of $2,705,438.31. Following the completion of the transaction, the chief executive officer owned 52,614 shares in the company, valued at $3,416,227.02. This represents a 44.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Natalia Mirgorodskaya sold 1,439 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $69.21, for a total transaction of $99,593.19. Following the transaction, the insider directly owned 21,081 shares in the company, valued at approximately $1,459,016.01. The trade was a 6.39% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 106,214 shares of company stock valued at $6,803,558. 16.67% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Morgan Stanley set a $45.00 target price on shares of Upstart in a report on Wednesday. Needham & Company LLC dropped their price target on Upstart from $82.00 to $56.00 and set a “buy” rating on the stock in a research report on Wednesday. Weiss Ratings reissued a “sell (e+)” rating on shares of Upstart in a report on Wednesday, October 8th. BTIG Research restated a “neutral” rating on shares of Upstart in a research note on Wednesday. Finally, Citigroup dropped their target price on Upstart from $100.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday. Six research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $64.58.

Upstart Trading Up 2.3%

Shares of NASDAQ UPST opened at $38.60 on Friday. Upstart Holdings, Inc. has a 12-month low of $31.40 and a 12-month high of $96.43. The company has a market cap of $3.76 billion, a PE ratio of 175.46 and a beta of 2.26. The stock has a 50 day simple moving average of $55.64 and a 200-day simple moving average of $59.76.

Upstart (NASDAQ:UPST) last announced its earnings results on Tuesday, November 4th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.10. Upstart had a return on equity of 3.68% and a net margin of 3.33%.The firm had revenue of $277.11 million for the quarter, compared to the consensus estimate of $288.94 million. During the same quarter in the previous year, the business earned ($0.07) EPS. The firm’s revenue for the quarter was up 70.9% on a year-over-year basis. Upstart has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Sell-side analysts forecast that Upstart Holdings, Inc. will post -0.03 earnings per share for the current fiscal year.

Upstart Company 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.