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Upstart (UPST)

Upstart is a leading AI lending platform partnering with banks to expand access to affordable credit. By leveraging Upstart's AI platform, Upstart- powered banks can have higher approval rates and lower loss rates, while simultaneously delivering the exceptional digital-first lending experience their customers demand. More than two-thirds of Upstart loans are approved instantly and are fully automated. Upstart was founded by ex-Googlers in 2012 and is based in San Mateo, California and Columbus, Ohio.

Company profile

UPST stock data

Press releases

From Benzinga Pro
UPSTART HOLDINGS, INC. (NASDAQ: UPST) SHAREHOLDER CLASS ACTION ALERT: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against Upstart Holdings, Inc. (NASDAQ: UPST)
29 Jun 22
Did you lose money on investments in Upstart Holdings? If so, please visit Upstart Holdings, Inc. Shareholder Class Action Lawsuit or contact Peter Allocco at (212) 951-2030 or pallocco@bernlieb.com to discuss your
SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Upstart, Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of July 12, 2022 - (NASDAQ: UPST)
29 Jun 22
NEW YORK, June 29, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Upstart, Inc.. Shareholders who purchased shares of UPST during the class period listed are encouraged to contact
FHS, OSCR & UPST Class Actions: Bronstein, Gewirtz & Grossman, LLC, A Top Class Action Firm, Reminds Investors to Contact the Firm
29 Jun 22
NEW YORK, June 29, 2022 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies.
UPSTART HOLDINGS SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuits Against Upstart Holdings, Inc. - UPST
28 Jun 22
Upstart Class Action: Levi & Korsinsky Reminds Upstart, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of July 12, 2022 - UPST
28 Jun 22

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

9 May 22
29 Jun 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.01B 1.01B 1.01B 1.01B 1.01B 1.01B
Cash burn (monthly) 59.52M (no burn) (no burn) (no burn) 88.93M 11.79M
Cash used (since last report) 176.57M n/a n/a n/a 263.84M 34.99M
Cash remaining 836.12M n/a n/a n/a 748.85M 977.7M
Runway (months of cash) 14.0 n/a n/a n/a 8.4 82.9

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Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
24 Jun 22 Alison Nicoll Common Stock Sell Dispose S No Yes 40.3051 15,000 604.58K 412,983
24 Jun 22 Alison Nicoll Common Stock Option exercise Acquire M No Yes 1.17 7,500 8.78K 427,983
24 Jun 22 Alison Nicoll Common Stock Option exercise Acquire M No Yes 0.6 7,500 4.5K 420,483
24 Jun 22 Alison Nicoll Employee Stock Option Common Stock Option exercise Dispose M No Yes 1.17 7,500 8.78K 117,500
24 Jun 22 Alison Nicoll Employee Stock Option Common Stock Option exercise Dispose M No Yes 0.6 7,500 4.5K 0
8 Jun 22 Alison Nicoll Common Stock Sell Dispose S No Yes 46.955 200 9.39K 412,983
8 Jun 22 Alison Nicoll Common Stock Sell Dispose S No Yes 46.008 2,300 105.82K 413,183
8 Jun 22 Alison Nicoll Common Stock Sell Dispose S No Yes 45.172 2,300 103.9K 415,483
8 Jun 22 Alison Nicoll Common Stock Sell Dispose S No Yes 43.8471 2,700 118.39K 417,783
8 Jun 22 Alison Nicoll Common Stock Option exercise Acquire M No Yes 0.6 7,500 4.5K 420,483
52.1% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 480 469 +2.3%
Opened positions 122 161 -24.2%
Closed positions 111 116 -4.3%
Increased positions 233 197 +18.3%
Reduced positions 72 71 +1.4%
13F shares Current Prev Q Change
Total value 13.11B 15.91B -17.6%
Total shares 44.2M 43.52M +1.6%
Total puts 12.29M 6.46M +90.2%
Total calls 8.81M 5.46M +61.2%
Total put/call ratio 1.4 1.2 +18.0%
Largest owners Shares Value Change
Vulcan Value Partners 7.24M $789.94M +49.4%
Vanguard 5.82M $635.15M +16.9%
Khosla Ventures Associates V 5.25M $213.88M 0.0%
MS Morgan Stanley 3.62M $394.51M +271.7%
BLK Blackrock 2.36M $257M +11.5%
Fred Alger Management 1.87M $203.5M +105.1%
BAC Bank Of America 1.18M $129.18M +471.0%
Mirae Asset Global Investments 1.06M $115.33M -11.3%
Allianz Asset Management GmbH 1.01M $109.65M +0.0%
STT State Street 965.98K $105.38M +22.5%
Largest transactions Shares Bought/sold Change
Third Point 0 -4M EXIT
MS Morgan Stanley 3.62M +2.64M +271.7%
Vulcan Value Partners 7.24M +2.4M +49.4%
D. E. Shaw & Co. 87.4K -1.64M -94.9%
Renaissance Technologies 34.1K -1.2M -97.2%
BAC Bank Of America 1.18M +976.79K +471.0%
Fred Alger Management 1.87M +955.88K +105.1%
Vanguard 5.82M +840.67K +16.9%
VK Services 0 -784.93K EXIT
Two Sigma Investments 0 -696.05K EXIT

Financial report summary

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Competition
Prosper Marketplace
Management Discussion
  • Upstart Holdings, Inc.
  • Revenue from fees, net increased $197.8 million, or 170%, in the three months ended March 31, 2022, compared to the same period in 2021, which included an increase of $164.9 million in revenue from platform and referral fees, net and an increase of $33.0 million in servicing fees, net. The increase of the platform and referral fees, net was primarily driven by a 174% increase in the Transaction Volume, Number of Loans from 169,750 in the three months ended March 31, 2021 to 465,537 in the same period in 2022 as well as an increase in prices of our
  • Upstart Holdings, Inc.

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