Atria Investments Inc Sells 1,458 Shares of Upstart Holdings, Inc. $UPST

Atria Investments Inc cut its holdings in Upstart Holdings, Inc. (NASDAQ:UPST) by 31.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,219 shares of the company’s stock after selling 1,458 shares during the period. Atria Investments Inc’s holdings in Upstart were worth $208,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in UPST. Ameritas Advisory Services LLC bought a new position in Upstart in the second quarter valued at $34,000. Bogart Wealth LLC boosted its stake in shares of Upstart by 140.0% during the 2nd quarter. Bogart Wealth LLC now owns 1,200 shares of the company’s stock worth $78,000 after buying 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 valued at $90,000 after acquiring an additional 1,548 shares in the last quarter. 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 valued at $92,000 after acquiring an additional 333 shares in the last quarter. Finally, Virtus Advisers LLC acquired a new stake in shares of Upstart in the first quarter valued at about $161,000. Institutional investors own 63.01% of the company’s stock.

Upstart Price Performance

Shares of Upstart stock opened at $37.29 on Friday. The business has a fifty day simple moving average of $53.28 and a two-hundred day simple moving average of $59.57. Upstart Holdings, Inc. has a 1 year low of $31.40 and a 1 year high of $96.43. The company has a market capitalization of $3.63 billion, a price-to-earnings ratio of 169.51 and a beta of 2.26.

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

Insider Activity at Upstart

In related news, insider Natalia Mirgorodskaya sold 1,439 shares of the business’s stock in a transaction 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 completion of the sale, the insider directly owned 21,081 shares in the company, valued at $1,459,016.01. The trade was a 6.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Paul Gu acquired 100,000 shares of the stock in a transaction on Tuesday, November 11th. The shares were purchased at an average price of $39.23 per share, for a total transaction of $3,923,000.00. Following the transaction, the chief technology officer directly owned 80,000 shares in the company, valued at approximately $3,138,400. This trade represents a -500.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have sold 64,547 shares of company stock valued at $4,167,287. Insiders own 16.67% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Stephens decreased their price target on Upstart from $55.00 to $40.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 5th. Bank of America decreased their target price on shares of Upstart from $81.00 to $71.00 and set a “neutral” rating for the company in a research note on Wednesday, November 5th. Morgan Stanley set a $45.00 target price on shares of Upstart in a report on Wednesday, November 5th. The Goldman Sachs Group reiterated a “sell” rating and issued a $40.00 price target on shares of Upstart in a research note on Thursday, November 6th. Finally, Citigroup decreased their price objective on shares of Upstart from $100.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Six equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Upstart presently has a consensus rating of “Hold” and a consensus target price of $64.58.

About Upstart

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.