Upstart Holdings, Inc. (NASDAQ: UPST) has repurchased $100 million worth of common stock over the last four trading days, according to a recent press release. The company acquired a total of 3,193,294 shares of common stock at an average price of $31.31 per share between February 12, 2026, and February 18, 2026. These repurchases were made in open market transactions as part of a $400 million share repurchase program previously authorized by the Upstart board of directors. Following these transactions, there is $122 million remaining under the program.
The company, founded in 2012, is a leading artificial intelligence (AI) lending marketplace that connects millions of consumers to over 100 banks and credit unions using AI models and cloud applications to offer enhanced credit products. Upstart's AI enables lenders to approve more borrowers at lower rates, providing a digital-first experience for customers. Notably, more than 90% of loans through Upstart are fully automated, with no human intervention.
Upstart's platform includes personal loans, automotive retail and refinance loans, home equity lines of credit, and small-dollar "relief" loans. The company is headquartered in San Mateo, California. Today the company's shares have moved 0.44% to a price of $48.12. For the full picture, make sure to review Upstart's 8-K report.
