Upstart Holdings, Inc. $UPST Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. lifted its stake in Upstart Holdings, Inc. (NASDAQ:UPST) by 42.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,760 shares of the company’s stock after purchasing an additional 2,630 shares during the period. QRG Capital Management Inc.’s holdings in Upstart were worth $567,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in UPST. Ameritas Advisory Services LLC acquired a new position in Upstart during the second quarter worth about $34,000. Summit Financial Strategies Inc. purchased a new stake in Upstart in the second quarter valued at approximately $272,000. GC Wealth Management RIA LLC purchased a new stake in Upstart in the second quarter valued at approximately $792,000. Symmetry Partners LLC grew its stake in Upstart by 7.2% during the second quarter. Symmetry Partners LLC now owns 6,086 shares of the company’s stock worth $394,000 after buying an additional 409 shares during the period. Finally, Cadent Capital Advisors LLC purchased a new stake in Upstart during the second quarter worth approximately $1,011,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Upstart Stock Performance

Upstart stock opened at $48.58 on Friday. The company has a 50-day simple moving average of $63.87 and a 200-day simple moving average of $58.78. The firm has a market capitalization of $4.67 billion, a P/E ratio of -607.25 and a beta of 2.28. Upstart Holdings, Inc. has a one year low of $31.40 and a one year high of $96.43.

Upstart (NASDAQ:UPST) last announced its earnings results on Tuesday, August 5th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.09. The firm had revenue of $257.29 million during the quarter, compared to analyst estimates of $225.35 million. Upstart had a negative net margin of 0.75% and a negative return on equity of 5.95%. Upstart’s revenue was up 101.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.17) EPS. Upstart has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Upstart Holdings, Inc. will post -0.03 earnings per share for the current year.

Insider Transactions at Upstart

In other Upstart news, CFO Sanjay Datta sold 13,473 shares of the company’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $61.12, for a total value of $823,469.76. Following the completion of the sale, the chief financial officer directly owned 297,904 shares of the company’s stock, valued at approximately $18,207,892.48. This represents a 4.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Paul Gu sold 5,000 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $68.61, for a total transaction of $343,050.00. Following the completion of the sale, the chief technology officer directly owned 1,147,156 shares of the company’s stock, valued at $78,706,373.16. The trade was a 0.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 147,881 shares of company stock worth $9,931,500 over the last ninety days. Insiders own 16.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Bank of America decreased their price objective on shares of Upstart from $88.00 to $87.00 and set a “neutral” rating for the company in a research note on Wednesday, August 6th. JPMorgan Chase & Co. raised shares of 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 report on Wednesday, August 20th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Upstart in a report on Wednesday. The Goldman Sachs Group raised shares of Upstart to a “sell” rating and set a $71.00 price target on the stock in a report on Monday, July 14th. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of Upstart in a report on Wednesday, August 6th. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $81.08.

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.