Upwork Inc. (NASDAQ:UPWK - Get Free Report) insider Dave Bottoms sold 5,411 shares of Upwork stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $13.07, for a total transaction of $70,721.77. Following the transaction, the insider now directly owns 9,593 shares of the company's stock, valued at approximately $125,380.51. This trade represents a 36.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Dave Bottoms also recently made the following trade(s):
- On Tuesday, February 18th, Dave Bottoms sold 1,543 shares of Upwork stock. The stock was sold at an average price of $16.15, for a total transaction of $24,919.45.
Upwork Price Performance
UPWK stock traded up $0.23 during trading on Monday, reaching $13.80. 1,387,535 shares of the company were exchanged, compared to its average volume of 2,210,133. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 9.02 and a beta of 1.61. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.39 and a quick ratio of 3.39. The company has a 50-day moving average of $15.39 and a two-hundred day moving average of $14.33. Upwork Inc. has a twelve month low of $8.43 and a twelve month high of $18.14.
Upwork (NASDAQ:UPWK - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $1.03 earnings per share (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, equities analysts predict that Upwork Inc. will post 0.84 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms have weighed in on UPWK. Royal Bank of Canada increased their price target on shares of Upwork from $16.00 to $18.00 and gave the company a "sector perform" rating in a report on Thursday, February 13th. UBS Group lifted their price target on Upwork from $18.00 to $19.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Scotiabank began coverage on Upwork in a report on Wednesday, March 12th. They issued a "sector perform" rating and a $15.00 price objective on the stock. Roth Mkm dropped their target price on Upwork from $20.00 to $19.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Finally, JMP Securities restated a "market outperform" rating and issued a $18.00 price target on shares of Upwork in a research note on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $18.58.
Check Out Our Latest Stock Report on Upwork
Institutional Trading of Upwork
A number of hedge funds have recently made changes to their positions in the company. KBC Group NV increased its stake in shares of Upwork by 45.4% in the third quarter. KBC Group NV now owns 4,791 shares of the company's stock valued at $50,000 after buying an additional 1,497 shares during the period. Quarry LP grew its holdings in Upwork by 42.6% during the 3rd quarter. Quarry LP now owns 6,201 shares of the company's stock worth $65,000 after acquiring an additional 1,851 shares during the last quarter. Citizens Financial Group Inc. RI grew its holdings in 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 acquiring an additional 2,129 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Upwork by 3.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 67,716 shares of the company's stock valued at $1,107,000 after acquiring an additional 2,148 shares during the period. Finally, Rhumbline Advisers raised its stake in shares of Upwork by 1.4% during the fourth quarter. Rhumbline Advisers now owns 178,202 shares of the company's stock valued at $2,914,000 after acquiring an additional 2,387 shares during the last quarter. 77.71% of the stock is owned by institutional investors and hedge funds.
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.
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