UPB

Upstream Bio, Inc.

Nasdaq · Pharmaceutical Preparations · Inc. DE · CIK 0002022626
$6.10 -4.39% $332.0M
Insider Selling Cluster (5 insiders)12 New Institutional Positions8 Institutional Exits
Vol
Market Cap$332.0M
Cap SizeSmall Cap
Analyst ConsensusStrong Buy (83%)
Inst. Holders50 funds
Inst. Value$203.2M
Inst. Activity12 buys / 8 sells
Insider Activity0B / 5S
Insider Net $-$46.6K
SEC Reports3
Press Releases4
Exchange Nasdaq·Sector Pharmaceutical Preparations·Inc. DE·CIK 0002022626·Prev Close $6.38

Recent Activity

Jun 9, 2026 Insider
Ruddy Marcella K. was granted 17,096 shares
Director
Jun 9, 2026 Insider
Renaud Ronald C JR was granted 17,096 shares
Director
Jun 9, 2026 Insider
Chimovits Erez was granted 17,096 shares
Director
May 18, 2026 Press
Upstream Bio presented positive Phase 2 VIBRANT trial data at ATS 2026, showing verekitug improved asthma control and na
Impact 7/10
May 18, 2026 fda
Upstream Bio Presents New Data from Phase 2 VIBRANT Trial of Verekitug Demonstrating Improvement in Asthma Symptom Control in Participants with CRSwNP and Comorbid Asthma at the ATS 2026 International Conference
<p align="center"><em>– Verekitug led to statistically significant and clinically meaningful improve
May 13, 2026 SEC
Upstream Bio reported Q1 2026 EPS of -$0.79, missing consensus of -$0.75 by 5.3%, with net loss widening to $40.6M from
PRESS-RELEASE — Impact 6/10
Mar 26, 2026 SEC
Upstream Bio is conducting an at-the-market offering of up to $150 million in common stock through Leerink Partners. The
424B5 — Impact 6/10
Mar 17, 2026 SEC
Three corporate insiders at Upstream Bio, Inc. (UPB) sold shares in a coordinated open-market transaction on March 16, 2
CLUSTER — Impact 3/10

Price Targets

$38.25 +527.0% upside Strong Buy
Current $6.10 Low $8.00 Median $39.50 High $75.00 8 analysts
$8.00 $75.00

Analyst Ratings

Strong Buy83% buy · 12 analysts
2Strong Buy
8Buy
2Hold
0Sell
0Strong Sell
Recent Analyst Actions
DateFirmActionRating
Jun 12, 2026 JP Morgan DOWNGRADE Overweight → Neutral
Jun 3, 2026 HC Wainwright & Co. INITIATE Buy
May 14, 2026 Mizuho MAINTAIN Outperform → Outperform
Mar 27, 2026 Evercore ISI Group DOWNGRADE Outperform → In-Line
Dec 18, 2025 Mizuho INITIATE Outperform

Earnings Estimates

PeriodEPS Est.RangeGrowth#
Current Q $-0.76 ▼ -2.7% $-0.87 — $-0.62 -3% YoY 9
Next Q $-0.70 ▲ +1.5% $-0.88 — $-0.46 -11% YoY 9
Current FY $-2.84 ▲ +3.2% $-3.37 — $-2.25 -7% YoY 9
Next FY $-2.89 ▲ +10.6% $-3.90 — $-1.53 -2% YoY 8

Top Institutional Holders

FundValueMove
NOMURA ASSET MANAGEMENT CO
FMR LLC$72.9M
BlackRock, Inc.$30.3MADD
VANGUARD CAPITAL MANAGEMENT LLC$16.9M
FEDERATED HERMES, INC.$8.8MDOUBLED

Recent Insider Trades

DateInsiderTypeValue
Jun 9, 2026Ruddy MarcellaA$0.00
Jun 9, 2026Renaud RonaldA$0.00
Jun 9, 2026Chimovits ErezA$0.00
Jun 9, 2026Ratcliffe LiamA$0.00
Jun 9, 2026Fleming HaroldA$0.00
50 institutional holders with $203.2M total value (22,515,335 shares) as of 2026-Q1. Top holders: NOMURA, FMR, BlackRock,. Net buying activity: 12 institutions added/increased vs 8 reduced.

Top Institutional Holders — 2026-Q1

#FundSharesValue% of TrackedLast Move
1NOMURA ASSET MANAGEMENT CO LTD$0.000.0%
2FMR LLC8,101,563$72.9M35.9%
3BlackRock, Inc.3,370,689$30.3M14.9%ADD +28.5%
4VANGUARD CAPITAL MANAGEMENT LLC1,873,574$16.9M8.3%
5FEDERATED HERMES, INC.979,758$8.8M4.3%DOUBLED +203169.3%
6Woodline Partners LP831,481$7.5M3.7%ADD +26.2%
7D. E. Shaw & Co., Inc.820,480$7.4M3.6%
8Pictet Asset Management Holding SA733,431$6.6M3.2%NEW
9VANGUARD PORTFOLIO MANAGEMENT LLC727,711$6.5M3.2%
10STATE STREET CORP705,350$6.3M3.1%TRIM -46.5%
11HSBC HOLDINGS PLC640,326$5.8M2.8%
12MORGAN STANLEY552,609$5.0M2.4%DOUBLED +352.7%
13WELLINGTON MANAGEMENT GROUP LLP342,353$3.1M1.5%TRIM -61.7%
14GOLDMAN SACHS GROUP INC316,587$2.8M1.4%
15Alyeska Investment Group, L.P.298,329$2.7M1.3%
16CHARLES SCHWAB INVESTMENT MANAGEMENT INC257,729$2.3M1.1%ADD +59.8%
17VANGUARD FIDUCIARY TRUST CO224,157$2.0M1.0%
18ARROWSTREET CAPITAL, LIMITED PARTNERSHIP185,087$1.7M0.8%
19DEUTSCHE BANK AG\180,889$1.6M0.8%ADD +41.5%
20Point72 Asset Management, L.P.178,168$1.6M0.8%

Recent Position Changes

FundActionPrev SharesCurr SharesChange %ValueQuarter
FEDERATED HERMES, INC.DOUBLED482979,758+203169.3%$8.8M2026-Q1
STATE STREET CORPTRIM1,319,226705,350-46.5%$6.3M2026-Q1
MORGAN STANLEYDOUBLED122,068552,609+352.7%$5.0M2026-Q1
WELLINGTON MANAGEMENT GROUP LLPTRIM894,733342,353-61.7%$3.1M2026-Q1
DEUTSCHE BANK AG\ADD127,815180,889+41.5%$1.6M2026-Q1
Trexquant Investment LPDOUBLED31,049176,657+469.0%$1.6M2026-Q1
MARSHALL WACE, LLPNEAR_EXIT343,79166,770-80.6%$600.9K2026-Q1
RENAISSANCE TECHNOLOGIES LLCDOUBLED16,40062,100+278.7%$558.9K2026-Q1
BANK OF AMERICA CORP /DE/TRIM86,38448,460-43.9%$436.1K2026-Q1
Invesco Ltd.NEAR_EXIT163,18640,510-75.2%$364.6K2026-Q1
Mariner, LLCDOUBLED11,83027,314+130.9%$245.8K2026-Q1
DnB Asset Management ASADD12,79323,515+83.8%$211.6K2026-Q1
NISA INVESTMENT ADVISORS, LLCDOUBLED40019,558+4789.5%$176.0K2026-Q1
MANUFACTURERS LIFE INSURANCE COMPANY, THEADD10,14715,338+51.2%$138.0K2026-Q1
Legal & General Group PlcTRIM13,7099,609-29.9%$86.5K2026-Q1
Russell Investments Group, Ltd.ADD2,8233,647+29.2%$32.8K2026-Q1
Allworth Financial LPDOUBLED68263+286.8%$2.4K2026-Q1
PRICE T ROWE ASSOCIATES INC /MD/ADD19,63626,434+34.6%$238.002026-Q1
NORGES BANKEXIT2,882,6470-100.0%$0.002026-Q1
JANUS HENDERSON GROUP PLCEXIT1,527,9580-100.0%$0.002026-Q1
BlackRock, Inc.ADD2,603,7063,344,504+28.5%$90.8M2025-Q4
NORGES BANKNEW2,882,647$78.3M2025-Q4
JANUS HENDERSON GROUP PLCNEW1,527,958$41.4M2025-Q4
Pictet Asset Management Holding SANEW773,148$21.0M2025-Q4
Woodline Partners LPADD602,252760,252+26.2%$20.6M2025-Q4
11 unique insiders with 11 transactions. Net insider value: -$46.6K ($0.00 bought, $46.6K sold).

Insider Transactions

DateInsiderTitleTypeSharesPriceValue
Jun 9, 2026Ruddy Marcella K.DirectorAWARD17,096
Jun 9, 2026Renaud Ronald C JRDirectorAWARD17,096
Jun 9, 2026Chimovits ErezDirectorAWARD17,096
Jun 9, 2026Ratcliffe LiamDirectorAWARD17,096
Jun 9, 2026Fleming Harold EdwardDirectorAWARD17,096
Jun 9, 2026Beckman DaniellaDirectorAWARD17,096
Mar 16, 2026Deykin AaronChief Medical OfficerSELL894$9.29$8.3K
Mar 16, 2026GRAY MICHAELCFO and COOSELL852$9.29$7.9K
Mar 16, 2026Ambrose AllisonGeneral CounselSELL475$9.29$4.4K
Mar 16, 2026Sutherland Everett RandChief Executive OfficerSELL2,093$9.29$19.4K
Mar 16, 2026Houghton AdamChief Business OfficerSELL699$9.29$6.5K
Current analyst consensus: Strong Buy (83% buy). Based on 12 analysts: 2 strong buy, 8 buy, 2 hold, 0 sell, 0 strong sell.

Analyst Price Targets

$38.25 mean target +527.0% upside Strong Buy (1.56)
$8.00 Low $75.00 High
MetricValue
Current Price$6.10
Target Low$8.00
Target Mean$38.25
Target Median$39.50
Target High$75.00
# Analysts8
RecommendationStrong Buy (1.56)

Earnings Estimates & Revisions

PeriodEPS AvgEPS LowEPS HighEPS Growth30d Rev.Up/DownRev. AvgRev. GrowthAnalysts
Current Q
2026-06-30
$-0.76 $-0.87 $-0.62 -2.8% -2.7% 1↑ 1↓ $0.0B -59.7% 9
Next Q
2026-09-30
$-0.70 $-0.88 $-0.46 -10.9% +1.5% 1↑ 1↓ $0.0B -44.5% 9
Current FY
2026-12-31
$-2.84 $-3.37 $-2.25 -6.8% +3.2% 3↑ 3↓ $0.0B -28.6% 9
Next FY
2027-12-31
$-2.89 $-3.90 $-1.53 -1.6% +10.6% 1↑ 1↓ $0.0B -19.0% 8

Current Quarter EPS Revision History

TimepointEPS EstimateChange
Current$-0.761
7d ago$-0.749-0.012
30d ago$-0.741-0.020
60d ago$-0.741-0.020
90d ago$-0.754-0.007
4 analyst firms have rated this stock: 0 upgrades, 2 downgrades, 2 initiations.

Individual Analyst Actions

DateAnalyst FirmActionPrevious RatingNew Rating
Jun 12, 2026 JP Morgan DOWNGRADE Overweight Neutral
Jun 3, 2026 HC Wainwright & Co. INITIATE Buy
May 14, 2026 Mizuho MAINTAIN Outperform Outperform
Mar 27, 2026 Evercore ISI Group DOWNGRADE Outperform In-Line
Dec 18, 2025 Mizuho INITIATE Outperform

Monthly Consensus History

PeriodStrong BuyBuyHoldSellStrong SellBuy %Distribution
Jun 1, 20262820083%
May 1, 20262820083%
Apr 1, 20262820083%
Mar 1, 20262910092%
Feb 1, 20262910092%
Jan 1, 20262910092%
Strong BuyBuyHoldSellStrong Sell

No congressional trading data available for this ticker. Data is sourced from Senate and House financial disclosure filings.

No Reddit sentiment data available yet. Sentiment is analyzed from Reddit investment communities on a rolling basis.

May 18, 2026
fda
Upstream Bio Presents New Data from Phase 2 VIBRANT Trial of Verekitug Demonstrating Improvement in Asthma Symptom Control in Participants with CRSwNP and Comorbid Asthma at the ATS 2026 International Conference
<p align="center"><em>– Verekitug led to statistically significant and clinically meaningful improvement in asthma symptom control as measured by the
May 13, 2026
earnings
Upstream Bio Reports First Quarter 2026 Financial Results and Recent Business Highlights
<p align="center"><em>– Company rapidly advancing Phase 3 programs designed to deliver best-in-class efficacy with convenient quarterly dosing in seve
May 12, 2026
earnings_calendar
UPB Q1 2026 Earnings Scheduled — 2026-05-12
May 11, 2026
earnings_calendar
UPB Q1 2026 Earnings Scheduled — 2026-05-11
May 4, 2026
earnings_calendar
UPB Q1 2026 Earnings Scheduled — 2026-05-04
May 2, 2026
Clinical Trial
A Study to Investigate the Efficacy and Safety of Verekitug (UPB-101) in Adult Participants With Severe Asthma (VALIANT)
Phase Phase 2 — COMPLETED
Apr 17, 2026
fda
Upstream Bio to Present New Data from Phase 2 VIBRANT Trial of Verekitug at the ATS 2026 International Conference
<p>WALTHAM, Mass., April 17, 2026 (GLOBE NEWSWIRE) -- <a href="https://www.globenewswire.com/Tracker?data=bu3pt0gtafbHuvYXnkfprCTCFtb7pvCt4sMw3T-8Xe
Mar 26, 2026
earnings
Upstream Bio Highlights Phase 3 Development Strategy for Verekitug and Reports Fourth Quarter and Full Year 2025 Financial Results
<p align="center"><em>– Company to pursue Phase 3 development strategy designed to deliver best-in-class efficacy with a high-dose quarterly regimen i
Mar 18, 2026
earnings_calendar
UPB Q4 2025 Earnings Scheduled — 2026-03-18
Mar 10, 2026
earnings_calendar
UPB Q4 2025 Earnings Scheduled — 2026-03-10
Mar 1, 2026
fda
Upstream Bio Presents Additional Analyses from the Phase 2 VIBRANT Trial of Verekitug in Chronic Rhinosinusitis with Nasal Polyps at 2026 AAAAI Annual Meeting
<p align="center">– <em>Primary endpoint of endoscopic nasal polyp score (NPS) showed reduction of -</em><em>1.95 (p &lt; 0.0001) </em><em>in new anal
Feb 13, 2026
short_interest
FTD: UPB — 277,759 shares ($3.6M) failed to deliver
Settlement: 20260213, Price: $12.80, FTD Value: $3,555,315.2, UPSTREAM BIO INC COM(DE)
Feb 3, 2026
short_interest
FTD: UPB — 54,305 shares ($1.6M) failed to deliver
Settlement: 20260203, Price: $29.94, FTD Value: $1,625,891.7, UPSTREAM BIO INC COM(DE)
Feb 2, 2026
short_interest
FTD: UPB — 20,324 shares ($0.6M) failed to deliver
Settlement: 20260202, Price: $31.08, FTD Value: $631,669.92, UPSTREAM BIO INC COM(DE)