price down icon0.81%   -0.19
after-market  After Hours:  23.20  -0.12   -0.51%

Why is Upstart Holdings Inc (UPST) Stock down?

We've noticed a 5.22% decline in Upstart Holdings Inc (UPST) stock during the 2024-05-23 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
11 Jan, 2024:

Upstart Holdings Inc (UPST) stock dropped by 6.58% due to recent insider activity. On Monday, January 8th, the Chief Financial Officer (CFO) of Upstart Holdings, Inc., Sanjay Datta, sold 1,000 shares of the company's stock. The shares were sold at an average price of $34.14, resulting in a total transaction value of $34,140.00. As a result of this sale, the CFO now holds 359,090 shares in the company, with an estimated value of approximately $12,259,332.60.

This insider selling activity was disclosed in a document filed with the Securities & Exchange Commission. The disclosure of insider selling raised caution among investors, which subsequently led to the decline in the stock's value.

29 Dec, 2023:

Upstart Holdings Inc (UPST) stock dropped by 7.47% due to investors opted to secure profits following a robust performance throughout the year. The year 2023 had been favorable for the market, marked by significant gains, with the S&P 500 registering a nearly 25% increase. The market began the year with a surge in technological advancements, especially in the tech sector, propelling it to new heights. Companies specializing in artificial intelligence garnered considerable attention and saw substantial gains. However, it's important to note that not all sectors thrived equally during this period. Traditional industries like consumer durables faced challenges as consumer spending tightened, leading to a wave of restructuring and strategic adjustments. In conclusion, Upstart Holdings Inc (UPST) saw a notable drop in its stock price, likely due to profit-taking by investors who had witnessed strong gains in the year 2023.

28 Dec, 2023:

Upstart Holdings Inc (UPST) stock dropped by 5.88% due to insider selling and concerns about the company's valuation. Here are the key factors contributing to the stock's decline:

  • Insider Selling: On December 26, 2023, Scott Darling, the Chief Legal Officer of Upstart Holdings Inc, sold 7,328 shares of the company's stock. This insider selling raised concerns among investors, especially as it was part of a trend of more insider selling than buying over the past year, with a total of 1 insider buy and 72 insider sells.
  • Valuation Concerns: The stock's price-to-GF-Value ratio stands at 1.55, indicating that Upstart Holdings Inc is significantly overvalued according to its GF Value of $29.15. High valuation multiples can make investors cautious, as they may perceive the stock as overpriced relative to its intrinsic value.
  • Market Sentiment: Investor sentiment can also play a role in stock price movements. Negative news, insider selling, or concerns about the broader market can contribute to short-term price declines. In summary, Upstart Holdings Inc (UPST) stock dropped by 5.88% due to insider selling, valuation concerns, and potential market sentiment. Investors may have reacted to the insider transaction and the perceived overvaluation of the stock, leading to the decline in its share price.
08 Nov, 2023:

Shares of Upstart Holdings Inc (UPST) dropped by 27.30% from $29.41 to $21.38 in the trading on Wednesday, Novemeber 8, 2023. The reasons why UPST down include:

  • Worse-than-Expected Q3 Financial Results: Upstart Holdings, Inc. unveiled its Q3 2023 financial results, revealing both achievements and setbacks. The company incurred a quarterly loss of $(0.05) per share, falling short of the analyst consensus estimate of $(0.02) by a remarkable 150%. This marked a substantial increase of 79.17% compared to the $(0.24) per share loss in the same period last year. Furthermore, the company reported quarterly revenue of $134.56 million, missing the analyst consensus estimate of $140.26 million by a modest 4.07%. This represented a 14.42% decrease from the previous year's sales figure of $157.23 million. The outlook for Q4 2023 is also cautious, with anticipated revenue of $135 million, contrasting with the consensus of $157 million. These results underscore the need for strategic adjustments and proactive measures to steer the company toward a more prosperous future.
  • Slower Growth Amid Rising Interest Rates: Upstart, known for its AI-based credit assessment tools, faced challenges gaining traction with lenders in the current high-interest rate environment. This led to a 27% drop in its stock price following disappointing Q3 results and a weak Q4 revenue outlook. While Upstart's AI algorithms show promise in assessing credit quality, the company has struggled to convert this promise into revenue. Investors considering Upstart should exercise caution, recognizing its potential while being mindful of the ongoing volatility in the market.
09 Aug, 2023:

Upstart Holdings (UPST) shares dropped 34.24% on Wednesday despite a strong Q2. The AI lending platform reported a 40% YoY revenue decline to $135.8 million, leading to a $28.2 million GAAP net loss. Non-GAAP net income was $5.4 million.


07 Aug, 2023:

Following a recent rally, Upstart's shares dropped by 14.42% as Morgan Stanley reaffirmed a sell-equivalent rating and advised investors to sell the stock.


11 May, 2023:

UPST falling related to its Q1 2023 financial report. It came out with a quarterly loss of $0.47 per share versus the Zacks Consensus Estimate of a loss of $0.82. This compares to earnings of $0.61 per share a year ago.


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