Upwork Inc. (NASDAQ:UPWK – Get Free Report) CAO Olivier Marie sold 1,518 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $10.57, for a total value of $16,045.26. Following the completion of the transaction, the chief accounting officer now directly owns 12,608 shares in the company, valued at $133,266.56. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Olivier Marie also recently made the following trade(s):
- On Monday, August 19th, Olivier Marie sold 1,005 shares of Upwork stock. The stock was sold at an average price of $9.65, for a total transaction of $9,698.25.
- On Monday, August 12th, Olivier Marie sold 366 shares of Upwork stock. The shares were sold at an average price of $9.23, for a total transaction of $3,378.18.
- On Thursday, July 18th, Olivier Marie sold 225 shares of Upwork stock. The shares were sold at an average price of $11.40, for a total transaction of $2,565.00.
Upwork Stock Down 0.6 %
Shares of NASDAQ:UPWK opened at $10.71 on Friday. The firm has a market capitalization of $1.43 billion, a PE ratio of 30.60 and a beta of 1.54. The business has a 50 day simple moving average of $10.30 and a two-hundred day simple moving average of $11.08. Upwork Inc. has a 1 year low of $8.43 and a 1 year high of $16.36. The company has a debt-to-equity ratio of 0.99, a current ratio of 3.00 and a quick ratio of 3.00.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on UPWK. Royal Bank of Canada dropped their price target on Upwork from $15.00 to $11.00 and set a “sector perform” rating for the company in a research note on Thursday, August 8th. Roth Mkm cut their target price on shares of Upwork from $19.00 to $13.00 and set a “buy” rating for the company in a report on Friday, August 16th. The Goldman Sachs Group decreased their price target on shares of Upwork from $24.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. UBS Group dropped their price objective on shares of Upwork from $12.00 to $11.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Finally, Canaccord Genuity Group decreased their target price on shares of Upwork from $19.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $15.70.
Get Our Latest Analysis on UPWK
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in UPWK. Quadrant Capital Group LLC boosted its position in Upwork by 67.8% in the 4th quarter. Quadrant Capital Group LLC now owns 1,988 shares of the company’s stock valued at $30,000 after buying an additional 803 shares during the period. Plato Investment Management Ltd purchased a new position in Upwork during the 2nd quarter worth $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Upwork during the 2nd quarter worth $29,000. Headlands Technologies LLC bought a new position in shares of Upwork during the first quarter valued at approximately $49,000. Finally, Quarry LP increased its holdings in Upwork by 104.2% during the second quarter. Quarry LP now owns 4,350 shares of the company’s stock valued at $47,000 after buying an additional 2,220 shares during the period. 77.71% of the stock is currently owned by institutional investors.
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.
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