Corient Private Wealth LP Takes Position in Upstart Holdings, Inc. $UPST

Corient Private Wealth LP bought a new position in shares of Upstart Holdings, Inc. (NASDAQ:UPST) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 55,644 shares of the company’s stock, valued at approximately $1,971,000.

Other hedge funds have also added to or reduced their stakes in the company. Quarry LP boosted its stake in Upstart by 749.2% in the 3rd quarter. Quarry LP now owns 501 shares of the company’s stock valued at $25,000 after purchasing an additional 442 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Upstart by 132.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 771 shares of the company’s stock worth $39,000 after buying an additional 439 shares during the period. Empowered Funds LLC bought a new position in Upstart during the 4th quarter worth $40,000. Geneos Wealth Management Inc. increased its position in Upstart by 274.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,842 shares of the company’s stock worth $47,000 after buying an additional 1,350 shares during the period. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in shares of Upstart during the fourth quarter worth $48,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Upstart Price Performance

Upstart stock opened at $28.17 on Thursday. The firm has a market cap of $2.74 billion, a PE ratio of 57.49, a price-to-earnings-growth ratio of 0.96 and a beta of 2.16. The stock’s fifty day moving average price is $30.50 and its two-hundred day moving average price is $29.84. Upstart Holdings, Inc. has a one year low of $23.97 and a one year high of $71.38.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on UPST. Needham & Company LLC boosted their target price on shares of Upstart from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Piper Sandler raised their price target on shares of Upstart from $46.00 to $51.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Jefferies Financial Group reiterated a “hold” rating and issued a $30.00 price objective on shares of Upstart in a research note on Tuesday, June 9th. Mizuho set a $45.00 price objective on shares of Upstart in a report on Friday, May 8th. Finally, Citigroup decreased their target price on shares of Upstart from $80.00 to $61.00 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. Eight analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $44.40.

Insider Activity at Upstart

In related news, insider Natalia Mirgorodskaya sold 913 shares of the company’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $30.03, for a total transaction of $27,417.39. Following the completion of the sale, the insider owned 35,875 shares of the company’s stock, valued at $1,077,326.25. This represents a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sanjay Datta sold 15,000 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $30.41, for a total transaction of $456,150.00. Following the sale, the insider owned 313,556 shares in the company, valued at $9,535,237.96. The trade was a 4.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 47,652 shares of company stock valued at $1,424,230 over the last quarter. 17.29% of the stock is owned by corporate insiders.

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.