Upwork Inc. (NASDAQ:UPWK - Get Free Report) CAO Olivier Marie sold 1,518 shares of Upwork stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $10.57, for a total value of $16,045.26. Following the transaction, the chief accounting officer now owns 12,608 shares of the company's stock, valued at approximately $133,266.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Olivier Marie also recently made the following trade(s):
- On Monday, August 19th, Olivier Marie sold 1,005 shares of Upwork stock. The shares were sold at an average price of $9.65, for a total value of $9,698.25.
- On Monday, August 12th, Olivier Marie sold 366 shares of Upwork stock. The shares were sold at an average price of $9.23, for a total value of $3,378.18.
- On Thursday, July 18th, Olivier Marie sold 225 shares of Upwork stock. The stock was sold at an average price of $11.40, for a total value of $2,565.00.
Upwork Stock Performance
Upwork stock opened at $10.71 on Friday. Upwork Inc. has a fifty-two week low of $8.43 and a fifty-two week high of $16.36. The company has a market capitalization of $1.43 billion, a PE ratio of 30.60 and a beta of 1.54. The company has a 50 day moving average price of $10.30 and a 200-day moving average price of $11.10. The company has a debt-to-equity ratio of 0.99, a quick ratio of 3.00 and a current ratio of 3.00.
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Upwork (NASDAQ:UPWK - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.03. The business had revenue of $193.13 million during the quarter, compared to analysts' expectations of $193.05 million. Upwork had a return on equity of 20.75% and a net margin of 10.00%. The business's revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.03) EPS. As a group, equities analysts forecast that Upwork Inc. will post 0.51 earnings per share for the current year.
Wall Street Analysts Forecast Growth
UPWK has been the topic of a number of recent research reports. UBS Group decreased their target price on Upwork from $12.00 to $11.00 and set a "neutral" rating on the stock in a report on Thursday, August 8th. Piper Sandler lowered their price objective on Upwork from $20.00 to $13.00 and set an "overweight" rating on the stock in a research report on Thursday, August 8th. Royal Bank of Canada cut their price objective on Upwork from $15.00 to $11.00 and set a "sector perform" rating for the company in a research note on Thursday, August 8th. Canaccord Genuity Group cut their target price on Upwork from $19.00 to $15.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. Finally, The Goldman Sachs Group lowered their price objective on shares of Upwork from $24.00 to $21.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, Upwork presently has a consensus rating of "Moderate Buy" and a consensus target price of $15.70.
Read Our Latest Report on UPWK
Institutional Investors Weigh In On Upwork
Large investors have recently modified their holdings of the business. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Upwork in the second quarter worth $1,279,000. Quarry LP increased its position in shares of Upwork by 104.2% in the 2nd quarter. Quarry LP now owns 4,350 shares of the company's stock valued at $47,000 after acquiring an additional 2,220 shares during the period. Algert Global LLC raised its stake in Upwork by 322.9% in the 2nd quarter. Algert Global LLC now owns 199,952 shares of the company's stock worth $2,149,000 after acquiring an additional 152,668 shares during the last quarter. SkyView Investment Advisors LLC lifted its position in Upwork by 6.6% during the 2nd quarter. SkyView Investment Advisors LLC now owns 198,736 shares of the company's stock worth $2,136,000 after acquiring an additional 12,343 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in Upwork during the 2nd quarter valued at about $1,637,000. Institutional investors own 77.71% of the company's stock.
Upwork Company Profile
(
Get Free Report)
Upwork Inc, together with its subsidiaries, operates a work marketplace that connects businesses with various independent professionals and agencies in the United States, India, the Philippines, and internationally. The company's work marketplace provides access to talent with various skills across a range of categories, including administrative support, sales and marketing, design and creative, and customer service, as well as web, mobile, and software development.
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