Oppenheimer Asset Management Inc. Sells 13,651 Shares of Upstart Holdings, Inc. $UPST

Oppenheimer Asset Management Inc. lessened its holdings in Upstart Holdings, Inc. (NASDAQ:UPST) by 56.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,701 shares of the company’s stock after selling 13,651 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Upstart were worth $692,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of UPST. Ameritas Advisory Services LLC bought a new stake in Upstart in the 2nd quarter valued at $34,000. GAMMA Investing LLC grew its holdings in shares of Upstart by 23.3% in the 1st quarter. GAMMA Investing LLC now owns 1,662 shares of the company’s stock worth $77,000 after purchasing an additional 314 shares during the last quarter. Bogart Wealth LLC grew its holdings in shares of Upstart by 140.0% in the 2nd quarter. Bogart Wealth LLC now owns 1,200 shares of the company’s stock worth $78,000 after purchasing an additional 700 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Upstart by 385.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,950 shares of the company’s stock worth $90,000 after purchasing an additional 1,548 shares during the last quarter. Finally, NewEdge Advisors LLC grew its holdings in shares of Upstart by 20.0% in the 1st quarter. NewEdge Advisors LLC now owns 1,997 shares of the company’s stock worth $92,000 after purchasing an additional 333 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

Analyst Upgrades and Downgrades

UPST has been the topic of several analyst reports. Bank of America lowered their target price on shares of Upstart from $88.00 to $87.00 and set a “neutral” rating on the stock in a report on Wednesday, August 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Upstart in a report on Wednesday, October 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $82.00 target price (up previously from $70.00) on shares of Upstart in a report on Wednesday, August 6th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Upstart in a report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. raised shares of Upstart from a “neutral” rating to an “overweight” rating and decreased their price objective for the stock from $93.00 to $88.00 in a report on Wednesday, August 20th. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Upstart currently has an average rating of “Hold” and an average price target of $78.83.

Insiders Place Their Bets

In related news, CTO Paul Gu sold 5,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $68.61, for a total value of $343,050.00. Following the sale, the chief technology officer directly owned 1,147,156 shares in the company, valued at $78,706,373.16. This trade represents a 0.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Natalia Mirgorodskaya sold 1,439 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $69.21, for a total value of $99,593.19. Following the sale, the insider directly owned 21,081 shares of the company’s stock, valued at approximately $1,459,016.01. The trade was a 6.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 106,214 shares of company stock worth $6,803,558 over the last ninety days. Company insiders own 16.67% of the company’s stock.

Upstart Trading Up 5.7%

Upstart stock opened at $47.52 on Friday. Upstart Holdings, Inc. has a 1 year low of $31.40 and a 1 year high of $96.43. The company has a market cap of $4.57 billion, a PE ratio of -594.00 and a beta of 2.28. The company’s 50-day moving average is $58.50 and its two-hundred day moving average is $59.82.

Upstart (NASDAQ:UPST) last released 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. Upstart had a negative net margin of 0.75% and a negative return on equity of 5.95%. The company had revenue of $257.29 million for the quarter, compared to the consensus estimate of $225.35 million. During the same period in the prior year, the company posted ($0.17) EPS. The company’s revenue was up 101.6% compared to the same quarter last year. Upstart has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts forecast 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.