Olivier Marie Sells 1,629 Shares of Upwork Inc. (NASDAQ:UPWK) Stock

Upwork Inc. (NASDAQ:UPWKGet Free Report) CAO Olivier Marie sold 1,629 shares of Upwork stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $11.52, for a total value of $18,766.08. Following the completion of the transaction, the chief accounting officer now owns 7,565 shares of the company’s stock, valued at $87,148.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Monday, May 20th, Olivier Marie sold 998 shares of Upwork stock. The shares were sold at an average price of $11.61, for a total transaction of $11,586.78.
  • On Thursday, May 16th, Olivier Marie sold 3,106 shares of Upwork stock. The stock was sold at an average price of $12.13, for a total value of $37,675.78.
  • On Thursday, April 18th, Olivier Marie sold 223 shares of Upwork stock. The shares were sold at an average price of $11.20, for a total value of $2,497.60.
  • On Monday, March 18th, Olivier Marie sold 967 shares of Upwork stock. The stock was sold at an average price of $12.20, for a total transaction of $11,797.40.

Upwork Stock Up 0.4 %

Shares of UPWK stock traded up $0.04 during mid-day trading on Friday, reaching $11.14. 1,490,564 shares of the company were exchanged, compared to its average volume of 2,027,253. The company has a market capitalization of $1.48 billion, a P/E ratio of 31.83 and a beta of 1.66. The business’s 50 day simple moving average is $11.90 and its 200 day simple moving average is $13.30. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.93 and a current ratio of 2.93. Upwork Inc. has a fifty-two week low of $7.54 and a fifty-two week high of $16.36.

Upwork (NASDAQ:UPWKGet Free Report) last issued its earnings results on Wednesday, May 1st. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.11 by $0.02. Upwork had a return on equity of 13.96% and a net margin of 6.70%. The company had revenue of $190.94 million during the quarter, compared to analyst estimates of $186.71 million. Research analysts predict that Upwork Inc. will post 0.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

UPWK has been the topic of a number of research reports. Roth Mkm restated a “buy” rating and set a $19.00 target price on shares of Upwork in a research report on Wednesday, May 15th. The Goldman Sachs Group raised their price objective on shares of Upwork from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 target price on shares of Upwork in a report on Wednesday, May 15th. JMP Securities increased their target price on shares of Upwork from $16.00 to $17.00 and gave the stock a “market outperform” rating in a research note on Thursday, February 15th. Finally, BTIG Research upgraded Upwork from a “neutral” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Thursday, May 2nd. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $17.80.

Read Our Latest Stock 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 shares of Upwork by 67.8% in the fourth quarter. Quadrant Capital Group LLC now owns 1,988 shares of the company’s stock worth $30,000 after buying an additional 803 shares during the period. Daiwa Securities Group Inc. purchased a new stake in Upwork in the 4th quarter worth about $33,000. Headlands Technologies LLC acquired a new stake in Upwork during the 1st quarter worth about $49,000. Essex Investment Management Co. LLC grew its stake in Upwork by 56.2% during the 1st quarter. Essex Investment Management Co. LLC now owns 4,724 shares of the company’s stock valued at $58,000 after acquiring an additional 1,700 shares in the last quarter. Finally, Shell Asset Management Co. increased its holdings in shares of Upwork by 193.6% in the 1st quarter. Shell Asset Management Co. now owns 8,570 shares of the company’s stock valued at $105,000 after purchasing an additional 5,651 shares during the period. Institutional investors and hedge funds own 77.71% of the company’s stock.

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.

Further Reading

Insider Buying and Selling by Quarter for Upwork (NASDAQ:UPWK)

Receive News & Ratings for Upwork Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Upwork and related companies with MarketBeat.com's FREE daily email newsletter.