Upwork Inc. (NASDAQ:UPWK - Get Free Report) CAO Olivier Marie sold 1,460 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $13.07, for a total value of $19,082.20. Following the transaction, the chief accounting officer now owns 3,881 shares in the company, valued at approximately $50,724.67. The trade was a 27.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Olivier Marie also recently made the following trade(s):
- On Tuesday, February 18th, Olivier Marie sold 1,081 shares of Upwork stock. The shares were sold at an average price of $16.15, for a total value 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 Stock Up 1.7 %
UPWK traded up $0.23 during midday trading on Monday, reaching $13.80. The company's stock had a trading volume of 1,387,535 shares, compared to its average volume of 2,210,133. Upwork Inc. has a 1 year low of $8.43 and a 1 year high of $18.14. The stock's 50-day moving average is $15.39 and its 200-day moving average is $14.33. The firm 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 current ratio of 3.39, a quick ratio of 3.39 and a debt-to-equity ratio of 0.62.
Upwork (NASDAQ:UPWK - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.79. Upwork had a return on equity of 50.83% and a net margin of 28.02%. As a group, research analysts expect that Upwork Inc. will post 0.84 EPS for the current year.
Hedge Funds Weigh In On Upwork
Several large investors have recently modified their holdings of the stock. KBC Group NV grew its position in Upwork by 45.4% during the 3rd quarter. KBC Group NV now owns 4,791 shares of the company's stock valued at $50,000 after purchasing an additional 1,497 shares during the last quarter. Quarry LP grew its holdings in shares of Upwork by 42.6% during the third quarter. Quarry LP now owns 6,201 shares of the company's stock valued at $65,000 after buying an additional 1,851 shares during the last quarter. Nkcfo LLC bought a new stake in shares of Upwork during the fourth quarter valued at approximately $82,000. SBI Securities Co. Ltd. purchased a new position in Upwork in the 4th quarter worth approximately $84,000. Finally, Financial Management Professionals Inc. bought a new position in Upwork in the 4th quarter valued at approximately $97,000. Hedge funds and other institutional investors own 77.71% of the company's stock.
Analysts Set New Price Targets
UPWK has been the subject of a number of recent analyst reports. Scotiabank started coverage on Upwork in a research report on Wednesday, March 12th. They set a "sector perform" rating and a $15.00 price target for the company. JMP Securities restated a "market outperform" rating and set a $18.00 target price on shares of Upwork in a report on Thursday, January 30th. UBS Group lifted their price target on shares of Upwork from $18.00 to $19.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Roth Mkm decreased their price objective on shares of Upwork from $20.00 to $19.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Finally, Needham & Company LLC lifted their target price on shares of Upwork from $17.00 to $19.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $18.58.
View Our Latest Research Report on Upwork
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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