Upwork Inc. (NASDAQ:UPWK - Get Free Report) CAO Olivier Marie sold 1,460 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $13.07, for a total transaction of $19,082.20. Following the sale, the chief accounting officer now directly owns 3,881 shares of the company's stock, valued at approximately $50,724.67. This trade represents a 27.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Olivier Marie also recently made the following trade(s):
- On Tuesday, February 18th, Olivier Marie sold 1,081 shares of Upwork stock. The stock was sold at an average price of $16.15, for a total transaction of $17,458.15.
- On Friday, February 14th, Olivier Marie sold 335 shares of Upwork stock. The shares were sold at an average price of $16.48, for a total transaction of $5,520.80.
- On Tuesday, January 21st, Olivier Marie sold 257 shares of Upwork stock. The stock was sold at an average price of $16.00, for a total transaction of $4,112.00.
Upwork Price Performance
UPWK opened at $13.45 on Friday. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 0.62. The business has a fifty day moving average of $15.43 and a 200 day moving average of $14.24. Upwork Inc. has a 52-week low of $8.43 and a 52-week high of $18.14. The stock has a market cap of $1.82 billion, a P/E ratio of 8.79 and a beta of 1.61.
Upwork (NASDAQ:UPWK - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.24 by $0.79. Upwork had a net margin of 28.02% and a return on equity of 50.83%. As a group, sell-side analysts anticipate that Upwork Inc. will post 0.84 EPS for the current year.
Analyst Upgrades and Downgrades
UPWK has been the topic of several research reports. JMP Securities reaffirmed a "market outperform" rating and issued a $18.00 target price on shares of Upwork in a report on Thursday, January 30th. Citigroup lifted their price objective on Upwork from $11.00 to $19.00 and gave the stock a "neutral" rating in a research note on Friday, November 29th. UBS Group increased their target price on Upwork from $18.00 to $19.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Jefferies Financial Group raised their target price on shares of Upwork from $19.00 to $20.00 and gave the company a "buy" rating in a report on Monday, January 6th. Finally, Scotiabank initiated coverage on shares of Upwork in a research note on Wednesday, March 12th. They set a "sector perform" rating and a $15.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $18.58.
Check Out Our Latest Analysis on Upwork
Institutional Trading of Upwork
Large investors have recently modified their holdings of the company. Victory Capital Management Inc. raised its position in Upwork by 133.5% during the 3rd quarter. Victory Capital Management Inc. now owns 116,899 shares of the company's stock valued at $1,222,000 after purchasing an additional 66,842 shares in the last quarter. BNP Paribas Financial Markets increased its position in Upwork by 40.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 251,714 shares of the company's stock valued at $2,630,000 after purchasing an additional 73,104 shares during the period. Verition Fund Management LLC bought a new stake in shares of Upwork in the 3rd quarter valued at about $8,369,000. Point72 Asset Management L.P. lifted its position in shares of Upwork by 2,216.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 503,682 shares of the company's stock worth $5,263,000 after purchasing an additional 481,942 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Upwork by 72.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 205,200 shares of the company's stock valued at $2,144,000 after purchasing an additional 86,200 shares in the last quarter. Hedge funds and other institutional investors own 77.71% of the company's stock.
About Upwork
(
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
