Cresset Asset Management LLC Has $233,000 Position in Upstart Holdings, Inc. $UPST

Cresset Asset Management LLC cut its stake in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 11.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,072 shares of the company’s stock after selling 677 shares during the quarter. Cresset Asset Management LLC’s holdings in Upstart were worth $233,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. GAMMA Investing LLC raised its holdings in shares of Upstart by 23.3% during the first quarter. GAMMA Investing LLC now owns 1,662 shares of the company’s stock valued at $77,000 after purchasing an additional 314 shares during the period. Oppenheimer Asset Management Inc. raised its stake in Upstart by 1.3% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 24,352 shares of the company’s stock worth $1,121,000 after buying an additional 322 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Upstart by 11.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,518 shares of the company’s stock worth $162,000 after acquiring an additional 353 shares in the last quarter. Crestline Management LP grew its stake in Upstart by 3.8% in the fourth quarter. Crestline Management LP now owns 10,004 shares of the company’s stock valued at $616,000 after acquiring an additional 364 shares during the period. Finally, Ancora Advisors LLC increased its holdings in shares of Upstart by 31.3% during the fourth quarter. Ancora Advisors LLC now owns 1,575 shares of the company’s stock valued at $97,000 after acquiring an additional 375 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Upstart news, insider Natalia Mirgorodskaya sold 1,024 shares of Upstart stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $68.00, for a total value of $69,632.00. Following the sale, the insider owned 22,520 shares of the company’s stock, valued at approximately $1,531,360. The trade was a 4.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Dave Girouard sold 41,667 shares of the business’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $63.27, for a total transaction of $2,636,271.09. Following the completion of the transaction, the chief executive officer owned 52,614 shares in the company, valued at approximately $3,328,887.78. The trade was a 44.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 193,642 shares of company stock worth $12,556,962. Insiders own 16.67% of the company’s stock.

Analyst Ratings Changes

UPST has been the topic of a number of recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $82.00 target price (up from $70.00) on shares of Upstart in a report on Wednesday, August 6th. Bank of America dropped their price objective on shares of Upstart from $88.00 to $87.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 6th. The Goldman Sachs Group raised shares of Upstart to a “sell” rating and set a $71.00 target price for the company in a research report on Monday, July 14th. Morgan Stanley restated an “equal weight” rating on shares of Upstart in a report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. upgraded Upstart from a “neutral” rating to an “overweight” rating and cut their price target for the company from $93.00 to $88.00 in a research note on Wednesday, August 20th. Six investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $78.54.

Upstart Stock Down 0.4%

Upstart stock opened at $68.89 on Wednesday. Upstart Holdings, Inc. has a 52 week low of $31.40 and a 52 week high of $96.43. The company’s 50 day moving average price is $71.57 and its two-hundred day moving average price is $59.09. The stock has a market cap of $6.63 billion, a P/E ratio of -861.13 and a beta of 2.39.

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