Upstart (NASDAQ:UPST) Sees Strong Trading Volume Following Strong Earnings

13 Feb 2026, 20:53 by Amy Steele · The Cerbat Gem

Upstart Holdings, Inc. (NASDAQ:UPST – Get Free Report) saw strong trading volume on Wednesday following a stronger than expected earnings report. 5,553,377 shares were traded during mid-day trading, an increase of 35% from the previous session’s volume of 4,123,049 shares.The stock last traded at $33.5470 and had previously closed at $38.96.

The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02. The firm had revenue of $296.09 million during the quarter, compared to analysts’ expectations of $288.54 million. Upstart had a net margin of 5.13% and a return on equity of 6.30%. Upstart’s revenue was up 35.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.26 EPS.

Analyst Upgrades and Downgrades

UPST has been the subject of several recent research reports. Bank of America dropped their price objective on Upstart from $81.00 to $71.00 and set a “neutral” rating for the company in a report on Wednesday, November 5th. Citizens Jmp reiterated a “market underperform” rating and set a $20.00 price target on shares of Upstart in a research report on Friday. Truist Financial cut their price objective on shares of Upstart from $59.00 to $49.00 and set a “buy” rating on the stock in a report on Wednesday. Stephens reduced their price objective on shares of Upstart from $55.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 5th. Finally, Piper Sandler lowered their target price on shares of Upstart from $80.00 to $56.00 and set an “overweight” rating for the company in a report on Wednesday, November 5th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Upstart presently has an average rating of “Hold” and an average target price of $51.27.

Check Out Our Latest Stock Report on UPST

Insider Activity at Upstart

In related news, Director Kerry Whorton Cooper sold 1,500 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $50.00, for a total transaction of $75,000.00. Following the completion of the sale, the director directly owned 23,934 shares of the company’s stock, valued at approximately $1,196,700. This represents a 5.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Natalia Mirgorodskaya sold 821 shares of Upstart stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $36.62, for a total transaction of $30,065.02. Following the completion of the transaction, the insider directly owned 27,160 shares in the company, valued at approximately $994,599.20. The trade was a 2.93% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 16,707 shares of company stock worth $633,080. 16.67% of the stock is owned by company insiders.

Institutional Trading of Upstart

Institutional investors have recently made changes to their positions in the business. Jericho Capital Asset Management L.P. grew its position in Upstart by 22.6% in the third quarter. Jericho Capital Asset Management L.P. now owns 4,480,809 shares of the company’s stock valued at $227,625,000 after purchasing an additional 826,974 shares in the last quarter. Morgan Stanley lifted its position in Upstart by 154.6% during the 4th quarter. Morgan Stanley now owns 4,206,615 shares of the company’s stock worth $183,955,000 after buying an additional 2,554,591 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Upstart by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 2,068,515 shares of the company’s stock worth $90,469,000 after buying an additional 26,734 shares during the last quarter. Norges Bank acquired a new position in shares of Upstart during the 4th quarter worth about $49,915,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Upstart by 31.5% in 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 acquiring an additional 232,595 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Upstart Price Performance

The business has a 50-day moving average of $44.95 and a 200-day moving average of $52.60. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 77.41, a P/E/G ratio of 0.51 and a beta of 2.38.

Upstart Company Profile

(Get Free Report)

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.