Olivier Marie Sells 1,081 Shares of Upwork Inc. (NASDAQ:UPWK) Stock

Upwork Inc. (NASDAQ:UPWK) CAO Olivier Marie sold 1,081 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $16.15, for a total value of $17,458.15. Following the completion of the transaction, the chief accounting officer now directly owns 2,840 shares in the company, valued at $45,866. The trade was a 27.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Olivier Marie also recently made the following trade(s):

• On Friday, February 14th, Olivier Marie sold 335 shares of Upwork stock. The stock was 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 shares were sold at an average price of $16.00, for a total value of $4,112.00.
• On Wednesday, December 18th, Olivier Marie sold 1,448 shares of Upwork stock. The stock was sold at an average price of $17.11, for a total value of $24,775.28.

Upwork Stock Performance

NASDAQ UPWK opened at $15.63 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.39 and a quick ratio of 3.39. Upwork Inc. has a 1-year low of $8.43 and a 1-year high of $18.14. The business has a 50 day simple moving average of $16.30 and a two-hundred day simple moving average of $13.64. The stock has a market capitalization of $2.12 billion, a PE ratio of 10.22 and a beta of 1.57.

Upwork (NASDAQ:UPWK) last posted its earnings results on Wednesday, February 12th. The company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.79. Upwork had a net margin of 28.02% and a return on equity of 50.83%. On average, research analysts predict that Upwork Inc. will post 0.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in UPWK. KBC Group NV lifted its stake in shares of Upwork by 45.4% in 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. Nkcfo LLC bought a new stake in Upwork in the fourth quarter worth $82,000. SBI Securities Co. Ltd. purchased a new position in Upwork during the fourth quarter worth $84,000. CWM LLC increased its position in Upwork by 71.9% during the third quarter. CWM LLC now owns 5,896 shares of the company’s stock valued at $62,000 after acquiring an additional 2,467 shares during the last quarter. Finally, Financial Management Professionals Inc. bought a new position in Upwork during the fourth quarter valued at $97,000. Hedge funds and other institutional investors own 77.71% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on UPWK shares. Roth Mkm lowered their price objective on Upwork from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Jefferies Financial Group raised their price objective on shares of Upwork from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, January 6th. The Goldman Sachs Group lifted their target price on shares of Upwork from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. BTIG Research increased their price target on Upwork from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Citigroup boosted their price objective on Upwork from $11.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday, November 29th. Three 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.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $18.91.

Upwork Company Profile

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.