Envestnet Asset Management Inc. Sells 15,673 Shares of Upstart Holdings, Inc. $UPST

Envestnet Asset Management Inc. trimmed its stake in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 31.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,997 shares of the company’s stock after selling 15,673 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Upstart were worth $2,199,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Invesco Ltd. lifted its position in shares of Upstart by 79.0% during the 1st quarter. Invesco Ltd. now owns 1,270,352 shares of the company’s stock worth $58,474,000 after buying an additional 560,668 shares during the period. Driehaus Capital Management LLC lifted its holdings in shares of Upstart by 71.5% during the first quarter. Driehaus Capital Management LLC now owns 1,215,237 shares of the company’s stock valued at $55,937,000 after acquiring an additional 506,787 shares during the period. Nuveen LLC acquired a new stake in shares of Upstart in the 1st quarter valued at $19,098,000. KADENSA CAPITAL Ltd acquired a new stake in shares of Upstart in the 1st quarter valued at $18,972,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Upstart by 48.7% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 677,049 shares of the company’s stock worth $31,165,000 after purchasing an additional 221,881 shares during the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CTO Paul Gu acquired 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The stock was acquired at an average price of $39.23 per share, for a total transaction of $3,923,000.00. Following the completion of the acquisition, the chief technology officer owned 80,000 shares of the company’s stock, valued at $3,138,400. This trade represents a -500.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Dave Girouard sold 41,667 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $64.93, for a total value of $2,705,438.31. Following the transaction, the chief executive officer owned 52,614 shares in the company, valued at approximately $3,416,227.02. This trade represents a 44.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 64,547 shares of company stock worth $4,167,287 over the last three months. Insiders own 16.67% of the company’s stock.

Upstart Trading Down 6.9%

Shares of NASDAQ:UPST opened at $36.06 on Tuesday. Upstart Holdings, Inc. has a 1-year low of $31.40 and a 1-year high of $96.43. The stock has a market capitalization of $3.51 billion, a P/E ratio of 163.92 and a beta of 2.27. The business has a 50-day moving average price of $52.07 and a two-hundred day moving average price of $59.58.

Upstart (NASDAQ:UPST) last announced its quarterly earnings data 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 net margin of 3.33% and a return on equity of 3.68%. The business had revenue of $258.54 million for the quarter, compared to analyst estimates of $288.94 million. During the same period in the prior year, the business posted ($0.07) earnings per share. Upstart’s revenue was up 70.9% compared to the same quarter last year. Upstart has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities analysts predict that Upstart Holdings, Inc. will post -0.03 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on UPST. Needham & Company LLC cut their price target on shares of Upstart from $82.00 to $56.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. The Goldman Sachs Group reiterated a “sell” rating and issued a $40.00 target price on shares of Upstart in a research note on Thursday, November 6th. Piper Sandler reduced their target price on Upstart from $80.00 to $56.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. Bank of America decreased their price target on Upstart from $81.00 to $71.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th. Finally, JPMorgan Chase & Co. dropped their price target on Upstart from $88.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, November 5th. Six investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $64.58.

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.