CTC 13F: Exits Upstart (UPST) Stake

CTC recently cleared its books of Upstart Holdings, Inc. (NASDAQ: UPST). According to the latest Form 13F filing with the SEC, the firm sold its entire stake of 9,295 shares. This 100.0% reduction means the fund held no shares of the San Mateo-based company at the close of the reporting period. Like all 13F filings, this report is backward-looking and shows the fund's position as of the end of the quarter, which may not match its current holdings today.

Shift in Upstart Position

The exit by CTC represents a total liquidation of its previous stake. Before the move, the firm held 9,295 shares. By selling every share, the fund has moved to the sidelines on the AI-focused lender. This filing captures a snapshot of a completed exit, though it does not detail the specific days or prices at which the shares were sold throughout the quarter.

Upstart Stock Performance

On Friday, Upstart shares were priced at $31.79. The stock is currently navigating a middle ground between its 52-week low of $23.97 and its high of $66.51. Investors often look at moving averages to gauge momentum; right now, the stock is trading above its 50-day average of $28.58 but remains slightly below the 200-day average of $33.31. The company has a P/E ratio of 49.19, which is a measure of how much investors are willing to pay for each dollar of profit.

Recent Earnings

In its most recent financial reports, Upstart showed a revenue of $1.29 billion. The company achieved revenue growth of 42.3% and reported earnings of $0.52 per share. It also maintained a net margin of 4.69% and a return on equity of 7.94%. Looking ahead, the company is scheduled to report its next batch of financial results on November 3, 2026.

Analysts Set New Price Targets

Wall Street remains generally optimistic about the stock's future. On July 22, 2026, Citigroup maintained a Buy rating and set a $61.00 price target. Piper Sandler followed on August 5, 2026, with an Overweight rating and a $51.00 target. More recently, Loop Capital initiated coverage on September 9, 2026, with a Hold rating and a $34.00 target, while Citizens lowered its target to $18.00 on October 15, 2026, with a Market Underperform rating. Across 16 different analyst opinions, the consensus recommendation is a Buy, with an average price target of $40.00.

AI-Powered Lending

Upstart Holdings operates a cloud-based platform that uses artificial intelligence to help banks and credit unions price risk. They handle everything from personal and auto loans to home equity lines of credit. By moving away from traditional FICO scores, the company aims to provide more accurate lending decisions. This tech-heavy approach makes the stock particularly sensitive to interest rate changes and broader trends in the credit market.

Future Outlook

Investors will likely focus on the November 3, 2026, earnings date to see if the company's AI models are managing the current credit environment effectively. While CTC has stepped away for now, the high target prices from several major banks suggest some analysts expect the stock to recover toward that $40.00 mark. It is important to remember that 13F filings are delayed reports and do not constitute a recommendation to buy or sell the stock.