Upwork Inc. (NASDAQ:UPWK - Get Free Report) CAO Olivier Marie sold 1,448 shares of the business's stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $17.11, for a total value of $24,775.28. Following the transaction, the chief accounting officer now directly owns 3,895 shares in the company, valued at $66,643.45. The trade was a 27.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Olivier Marie also recently made the following trade(s):
- On Monday, November 18th, Olivier Marie sold 978 shares of Upwork stock. The stock was sold at an average price of $15.13, for a total value of $14,797.14.
- On Friday, November 8th, Olivier Marie sold 9,153 shares of Upwork stock. The stock was sold at an average price of $15.92, for a total transaction of $145,715.76.
- On Friday, October 18th, Olivier Marie sold 223 shares of Upwork stock. The stock was sold at an average price of $10.30, for a total value of $2,296.90.
Upwork Stock Performance
NASDAQ UPWK opened at $16.44 on Friday. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 26.10 and a beta of 1.58. Upwork Inc. has a twelve month low of $8.43 and a twelve month high of $18.14. The stock has a fifty day simple moving average of $14.77 and a 200 day simple moving average of $11.95. The company has a quick ratio of 3.18, a current ratio of 3.18 and a debt-to-equity ratio of 0.87.
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Upwork (NASDAQ:UPWK - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.03. Upwork had a return on equity of 22.84% and a net margin of 11.26%. The company had revenue of $193.78 million during the quarter, compared to the consensus estimate of $185.55 million. During the same period last year, the company earned $0.12 earnings per share. The firm's revenue was up 10.3% compared to the same quarter last year. Sell-side analysts expect that Upwork Inc. will post 0.65 EPS for the current year.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on UPWK. The Goldman Sachs Group boosted their price target on Upwork from $21.00 to $24.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Piper Sandler reissued an "overweight" rating and set a $18.00 target price (up previously from $13.00) on shares of Upwork in a research note on Thursday, November 7th. Citigroup raised their price target on shares of Upwork from $11.00 to $19.00 and gave the company a "neutral" rating in a research note on Friday, November 29th. BTIG Research upped their price objective on shares of Upwork from $14.00 to $16.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Finally, Canaccord Genuity Group raised their target price on shares of Upwork from $15.00 to $18.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Upwork currently has a consensus rating of "Moderate Buy" and a consensus price target of $18.36.
Read Our Latest Report on Upwork
Institutional Investors Weigh In On Upwork
A number of institutional investors have recently modified their holdings of UPWK. KBC Group NV raised its stake in Upwork by 45.4% during the third quarter. KBC Group NV now owns 4,791 shares of the company's stock worth $50,000 after buying an additional 1,497 shares during the last quarter. Quarry LP increased its holdings in Upwork by 42.6% in the third quarter. Quarry LP now owns 6,201 shares of the company's stock worth $65,000 after purchasing an additional 1,851 shares in the last quarter. Federated Hermes Inc. lifted its stake in Upwork by 0.6% in the second quarter. Federated Hermes Inc. now owns 318,659 shares of the company's stock valued at $3,426,000 after buying an additional 1,996 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Upwork by 3.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 66,809 shares of the company's stock worth $718,000 after buying an additional 2,063 shares in the last quarter. Finally, Citizens Financial Group Inc. RI grew its position in shares of Upwork by 18.4% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 13,719 shares of the company's stock worth $143,000 after buying an additional 2,129 shares during the period. 77.71% of the stock is owned by institutional investors.
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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