Coastal Bridge Advisors LLC Acquires Shares of 35,688 Upstart Holdings, Inc. $UPST

Coastal Bridge Advisors LLC acquired a new stake in shares of Upstart Holdings, Inc. (NASDAQ:UPST) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 35,688 shares of the company’s stock, valued at approximately $1,264,000.

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

Insiders Place Their Bets

In other Upstart news, CFO Andrea Blankmeyer sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $29.33, for a total transaction of $87,990.00. Following the sale, the chief financial officer directly owned 152,208 shares in the company, valued at $4,464,260.64. This represents a 1.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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. Also, insider Sanjay Datta sold 8,945 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $28.09, for a total value of $251,265.05. Following the sale, the insider owned 292,578 shares in the company, valued at approximately $8,218,516.02. This trade represents a 2.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 47,652 shares of company stock valued at $1,424,230 over the last ninety days. 17.29% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on UPST shares. Needham & Company LLC lifted their target price on Upstart from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Mizuho set a $45.00 price target on Upstart in a research note on Friday, May 8th. BTIG Research restated a “buy” rating and set a $43.00 price target on shares of Upstart in a report on Wednesday, August 5th. Wall Street Zen raised Upstart from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, The Goldman Sachs Group lifted their price objective on Upstart from $32.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Eight 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $44.40.

Upstart Stock Down 0.0%

Shares of NASDAQ:UPST opened at $30.46 on Friday. The firm has a fifty day simple moving average of $30.79 and a two-hundred day simple moving average of $30.03. Upstart Holdings, Inc. has a 52 week low of $23.97 and a 52 week high of $76.95. The stock has a market capitalization of $2.96 billion, a P/E ratio of 62.16, a PEG ratio of 1.07 and a beta of 2.29.

Upstart (NASDAQ:UPST) last announced its earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.02). Upstart had a net margin of 4.84% and a return on equity of 7.13%. The business had revenue of $364.71 million for the quarter, compared to analysts’ expectations of $354.74 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. The firm’s quarterly revenue was up 41.9% compared to the same quarter last year. On average, analysts expect that Upstart Holdings, Inc. will post 0.72 earnings per share for the current year.

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.