Upwork Inc. (NASDAQ:UPWK – Get Free Report) Director Elizabeth A. Nelson sold 70,000 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $11.79, for a total transaction of $825,300.00. Following the completion of the sale, the director now owns 32,616 shares in the company, valued at $384,542.64. The sale was disclosed in a document filed with the SEC, which is available at this link.
Upwork Trading Down 2.7 %
NASDAQ UPWK opened at $11.10 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.93 and a current ratio of 2.93. The firm has a market cap of $1.48 billion, a PE ratio of 31.72 and a beta of 1.66. Upwork Inc. has a one year low of $7.54 and a one year high of $16.36. The firm’s fifty day moving average is $11.91 and its two-hundred day moving average is $13.30.
Upwork (NASDAQ:UPWK – Get Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The company had revenue of $190.94 million for the quarter, compared to analyst estimates of $186.71 million. Upwork had a net margin of 6.70% and a return on equity of 13.96%. Analysts expect that Upwork Inc. will post 0.52 earnings per share for the current year.
Analyst Ratings Changes
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Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of UPWK. SkyView Investment Advisors LLC boosted its holdings in shares of Upwork by 17.8% in the first quarter. SkyView Investment Advisors LLC now owns 186,393 shares of the company’s stock valued at $2,285,000 after acquiring an additional 28,139 shares in the last quarter. Invenomic Capital Management LP boosted its holdings in shares of Upwork by 132.5% in the first quarter. Invenomic Capital Management LP now owns 964,641 shares of the company’s stock valued at $11,826,000 after acquiring an additional 549,733 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Upwork in the first quarter valued at about $1,987,000. Bayesian Capital Management LP purchased a new stake in shares of Upwork in the first quarter valued at about $567,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Upwork by 4.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 126,581 shares of the company’s stock valued at $1,553,000 after acquiring an additional 5,050 shares in the last quarter. 77.71% of the stock is currently owned by institutional investors and hedge funds.
About Upwork
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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