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

by · The Cerbat Gem

Driehaus Capital Management LLC lifted its position in Upstart Holdings, Inc. (NASDAQ:UPST – Free Report) by 71.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,215,237 shares of the company’s stock after purchasing an additional 506,787 shares during the quarter. Driehaus Capital Management LLC owned about 1.28% of Upstart worth $55,937,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. NewEdge Advisors LLC increased its stake in Upstart by 150.6% during the 4th quarter. NewEdge Advisors LLC now owns 1,664 shares of the company’s stock worth $102,000 after buying an additional 1,000 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Upstart by 16.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 56,356 shares of the company’s stock valued at $3,470,000 after buying an additional 8,155 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Upstart in the fourth quarter valued at $250,000. Northern Trust Corp lifted its holdings in Upstart by 16.2% during the 4th quarter. Northern Trust Corp now owns 782,557 shares of the company’s stock worth $48,182,000 after buying an additional 109,164 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC boosted its position in shares of Upstart by 273.0% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 45,725 shares of the company’s stock worth $2,815,000 after acquiring an additional 33,465 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Upstart Price Performance

UPST opened at $73.76 on Friday. The business has a 50 day simple moving average of $72.07 and a 200-day simple moving average of $59.19. Upstart Holdings, Inc. has a 12 month low of $31.40 and a 12 month high of $96.43. The stock has a market capitalization of $7.10 billion, a P/E ratio of -922.00 and a beta of 2.39.

Upstart (NASDAQ:UPST – Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.36 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $225.35 million. During the same period in the previous year, the firm earned ($0.17) EPS. The business’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. Research analysts anticipate that Upstart Holdings, Inc. will post -0.03 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $82.00 target price (up from $70.00) on shares of Upstart in a research report on Wednesday, August 6th. Stephens assumed coverage on Upstart in a research report on Thursday, June 12th. They set an “equal weight” rating and a $55.00 target price on the stock. Morgan Stanley reiterated an “equal weight” rating on shares of Upstart in a research note on Wednesday, August 6th. Bank of America decreased their price target 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. Finally, Barclays lifted their price objective on shares of Upstart from $42.00 to $47.00 and gave the company an “equal weight” rating in a research note on Monday, May 12th. 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 company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $78.54.

Read Our Latest Stock Analysis on UPST

Insider Buying and Selling at Upstart

In related news, CFO Sanjay Datta sold 13,473 shares of the business’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 sale, the chief financial officer directly owned 297,904 shares in the company, valued at $18,207,892.48. The trade was a 4.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Natalia Mirgorodskaya sold 1,024 shares of Upstart stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $68.00, for a total transaction of $69,632.00. Following the transaction, 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 193,642 shares of company stock valued at $12,556,962. Insiders own 16.67% of the company’s stock.

Upstart Profile

(Free Report)

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.

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