Upwork Inc. (NASDAQ:UPWK – Get Free Report) CAO Olivier Marie sold 5,835 shares of Upwork stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $15.20, for a total value of $88,692.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,313 shares in the company, valued at $50,357.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Olivier Marie also recently made the following trade(s):
- On Tuesday, August 29th, Olivier Marie sold 9,530 shares of Upwork stock. The stock was sold at an average price of $14.34, for a total transaction of $136,660.20.
- On Friday, August 18th, Olivier Marie sold 1,488 shares of Upwork stock. The shares were sold at an average price of $13.86, for a total transaction of $20,623.68.
- On Tuesday, July 18th, Olivier Marie sold 222 shares of Upwork stock. The shares were sold at an average price of $10.65, for a total transaction of $2,364.30.
- On Tuesday, June 20th, Olivier Marie sold 963 shares of Upwork stock. The stock was sold at an average price of $9.14, for a total value of $8,801.82.
Upwork Price Performance
Shares of Upwork stock opened at $14.96 on Friday. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of -29.92 and a beta of 1.54. The company has a debt-to-equity ratio of 1.16, a quick ratio of 3.06 and a current ratio of 3.06. The stock has a 50 day moving average price of $11.85 and a 200-day moving average price of $10.56. Upwork Inc. has a one year low of $6.56 and a one year high of $18.58.
Institutional Investors Weigh In On Upwork
A number of large investors have recently bought and sold shares of UPWK. The Manufacturers Life Insurance Company grew its position in shares of Upwork by 1.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 48,739 shares of the company’s stock valued at $509,000 after purchasing an additional 850 shares during the period. American International Group Inc. grew its stake in shares of Upwork by 1.6% in the second quarter. American International Group Inc. now owns 59,592 shares of the company’s stock valued at $557,000 after buying an additional 966 shares in the last quarter. Ameritas Investment Partners Inc. grew its stake in shares of Upwork by 11.8% in the second quarter. Ameritas Investment Partners Inc. now owns 10,224 shares of the company’s stock valued at $95,000 after buying an additional 1,078 shares in the last quarter. UBS Group AG increased its stake in Upwork by 30.7% during the 3rd quarter. UBS Group AG now owns 4,634 shares of the company’s stock worth $63,000 after buying an additional 1,089 shares during the period. Finally, Arizona State Retirement System increased its stake in Upwork by 3.3% during the 1st quarter. Arizona State Retirement System now owns 34,251 shares of the company’s stock worth $388,000 after buying an additional 1,102 shares during the period. Hedge funds and other institutional investors own 75.46% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on UPWK. Needham & Company LLC increased their price objective on Upwork from $11.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, August 3rd. Piper Sandler lifted their target price on shares of Upwork from $13.00 to $15.00 and gave the company an “overweight” rating in a research note on Thursday, August 3rd. Citigroup raised their target price on shares of Upwork from $9.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, August 7th. BTIG Research cut Upwork from a “buy” rating to a “neutral” rating in a research report on Monday, August 28th. Finally, JMP Securities raised their price target on shares of Upwork from $14.00 to $15.00 and gave the company an “outperform” rating in a report on Thursday, August 3rd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $16.00.
Check Out Our Latest Report 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 sales and marketing, customer service, data science and analytics, design and creative, web, mobile, and software development.
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