Upstart Holdings, Inc. $UPST Shares Sold by Caitong International Asset Management Co. Ltd

Caitong International Asset Management Co. Ltd lessened its stake in Upstart Holdings, Inc. (NASDAQ:UPST) by 85.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,875 shares of the company’s stock after selling 16,758 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in Upstart were worth $126,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Jericho Capital Asset Management L.P. raised its stake in shares of Upstart by 11.9% during the fourth quarter. Jericho Capital Asset Management L.P. now owns 5,011,809 shares of the company’s stock valued at $219,166,000 after purchasing an additional 531,000 shares during the period. Morgan Stanley boosted its stake in shares of Upstart by 154.6% in the fourth quarter. Morgan Stanley now owns 4,206,615 shares of the company’s stock valued at $183,955,000 after purchasing an additional 2,554,591 shares during the period. Geode Capital Management LLC boosted its stake in shares of Upstart by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 2,068,515 shares of the company’s stock valued at $90,469,000 after purchasing an additional 26,734 shares during the period. Norges Bank acquired a new stake in Upstart during the 4th quarter valued at $49,915,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in Upstart by 31.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 971,856 shares of the company’s stock valued at $49,370,000 after purchasing an additional 232,595 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Upstart Price Performance

NASDAQ UPST opened at $31.32 on Tuesday. Upstart Holdings, Inc. has a 12 month low of $23.97 and a 12 month high of $87.30. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of 82.42, a price-to-earnings-growth ratio of 0.85 and a beta of 2.26. The company’s fifty day moving average price is $30.93 and its two-hundred day moving average price is $35.13.

Upstart (NASDAQ:UPST) last announced its quarterly earnings data on Tuesday, May 5th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.46). The company had revenue of $308.21 million for the quarter, compared to analyst estimates of $301.30 million. Upstart had a return on equity of 5.63% and a net margin of 4.34%.Upstart’s revenue was up 44.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.30 earnings per share. As a group, analysts anticipate that Upstart Holdings, Inc. will post 0.92 EPS for the current year.

Wall Street Analyst Weigh In

UPST has been the topic of several analyst reports. Mizuho set a $45.00 price target on shares of Upstart in a research note on Friday, May 8th. Jefferies Financial Group reissued a “hold” rating and issued a $30.00 price objective on shares of Upstart in a research report on Tuesday, June 9th. Piper Sandler lowered their target price on Upstart from $56.00 to $46.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Zacks Research raised Upstart from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Morgan Stanley set a $35.00 price target on Upstart in a research note on Thursday, May 7th. Seven research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $44.73.

Insider Buying and Selling at Upstart

In other news, CEO Paul Gu acquired 50,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were purchased at an average price of $27.50 per share, for a total transaction of $1,375,000.00. Following the completion of the purchase, the chief executive officer directly owned 70,000 shares of the company’s stock, valued at $1,925,000. This represents a 250.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Natalia Mirgorodskaya sold 974 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $28.99, for a total value of $28,236.26. Following the transaction, the insider directly owned 37,374 shares in the company, valued at approximately $1,083,472.26. This represents a 2.54% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 33,346 shares of company stock valued at $991,672. Corporate insiders own 17.29% of the company’s stock.

About Upstart

Upstart Holdings, Inc operates a cloud-based lending marketplace that leverages artificial intelligence and machine learning to assess borrower creditworthiness. The company partners with banks and credit unions, providing its proprietary AI models and underwriting platform to facilitate consumer credit products. By focusing on non‐traditional data points—such as education, employment history and other real‐time indicators—Upstart seeks to improve approval rates and lower loss rates compared with conventional credit scoring methods.

Upstart’s core offering centers on unsecured personal loans, which borrowers can use for purposes such as debt consolidation, home improvements or major purchases.