Upwork Inc. (NASDAQ:UPWK – Get Free Report) insider Dave Bottoms sold 11,562 shares of Upwork stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $13.51, for a total value of $156,202.62. Following the sale, the insider now owns 9,345 shares in the company, valued at $126,250.95. This trade represents a 55.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Dave Bottoms also recently made the following trade(s):
- On Tuesday, May 20th, Dave Bottoms sold 1,620 shares of Upwork stock. The shares were sold at an average price of $16.41, for a total value of $26,584.20.
- On Monday, May 19th, Dave Bottoms sold 2,130 shares of Upwork stock. The stock was sold at an average price of $16.66, for a total value of $35,485.80.
- On Thursday, May 15th, Dave Bottoms sold 1,009 shares of Upwork stock. The shares were sold at an average price of $17.14, for a total value of $17,294.26.
Upwork Price Performance
Shares of UPWK traded down $0.07 during trading hours on Monday, reaching $13.07. The company had a trading volume of 3,287,541 shares, compared to its average volume of 2,279,736. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 7.83 and a beta of 1.44. Upwork Inc. has a 12-month low of $8.43 and a 12-month high of $18.14. The firm has a 50 day simple moving average of $14.76 and a 200-day simple moving average of $15.10. The company has a current ratio of 3.41, a quick ratio of 3.41 and a debt-to-equity ratio of 0.60.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in UPWK. Price T Rowe Associates Inc. MD increased its holdings in Upwork by 51.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,498,688 shares of the company’s stock valued at $253,405,000 after acquiring an additional 5,289,493 shares in the last quarter. LSV Asset Management grew its position in shares of Upwork by 364.5% in the first quarter. LSV Asset Management now owns 5,351,406 shares of the company’s stock valued at $69,836,000 after purchasing an additional 4,199,244 shares during the last quarter. Nuveen LLC purchased a new position in shares of Upwork during the 1st quarter worth approximately $22,079,000. Invesco Ltd. increased its stake in shares of Upwork by 1,674.0% during the 4th quarter. Invesco Ltd. now owns 1,748,320 shares of the company’s stock worth $28,585,000 after purchasing an additional 1,649,766 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its position in shares of Upwork by 86.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,303,035 shares of the company’s stock worth $54,005,000 after purchasing an additional 1,534,078 shares during the last quarter. Institutional investors and hedge funds own 77.71% of the company’s stock.
Analyst Upgrades and Downgrades
UPWK has been the topic of a number of research reports. Citigroup restated an “outperform” rating on shares of Upwork in a research report on Friday, May 16th. JMP Securities increased their price target on shares of Upwork from $18.00 to $20.00 and gave the stock a “market outperform” rating in a research note on Friday, May 16th. Scotiabank assumed coverage on shares of Upwork in a research report on Wednesday, March 12th. They set a “sector perform” rating and a $15.00 price objective on the stock. BTIG Research cut shares of Upwork from a “buy” rating to a “neutral” rating in a report on Friday, April 4th. Finally, Jefferies Financial Group decreased their target price on shares of Upwork from $21.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, April 7th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Upwork currently has a consensus rating of “Moderate Buy” and an average price target of $18.67.
Check Out Our Latest Analysis on UPWK
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.
See Also
- Five stocks we like better than Upwork
- What Are Dividend Contenders? Investing in Dividend Contenders
- Microsoft Stock Holds Steady as AI Drives Workforce Shift
- How to Use High Beta Stocks to Maximize Your Investing Profits
- D-Wave Goes International With South Korea Partnership
- Earnings Per Share Calculator: How to Calculate EPS
- Payment Giants Slide on Stablecoin Buzz—Is Now the Time to Buy?
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.