Olivier Marie Sells 1,448 Shares of Upwork Inc. (NASDAQ:UPWK) Stock

Upwork Inc. (NASDAQ:UPWK) CAO Olivier Marie sold 1,448 shares of the firm’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $17.11, for a total value of $24,775.28. Following the sale, the chief accounting officer now directly owns 3,895 shares of the company’s stock, valued at $66,643.45. This represents a 27.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, November 18th, Olivier Marie sold 978 shares of Upwork stock. The shares were sold at an average price of $15.13, for a total value of $14,797.14.
• On Friday, November 8th, Olivier Marie sold 9,153 shares of Upwork stock. The stock was sold at an average price of $15.92, for a total transaction of $145,715.76.
• On Friday, October 18th, Olivier Marie sold 223 shares of Upwork stock. The stock was sold at an average price of $10.30, for a total transaction of $2,296.90.

Upwork Trading Up 1.2 %

Shares of Upwork stock traded up $0.20 during trading hours on Friday, hitting $16.44. The company’s stock had a trading volume of 3,093,067 shares, compared to its average volume of 2,170,488. The stock has a 50 day moving average of $14.77 and a 200 day moving average of $11.95. Upwork Inc. has a 12 month low of $8.43 and a 12 month high of $18.14. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.18 and a quick ratio of 3.18. The company has a market capitalization of $2.20 billion, a PE ratio of 26.10 and a beta of 1.58.

Upwork (NASDAQ:UPWK) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.26 by $0.03. The business had revenue of $193.78 million for the quarter, compared to analysts’ expectations of $185.55 million. Upwork had a net margin of 11.26% and a return on equity of 22.84%. The firm’s revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.12 EPS. Analysts predict that Upwork Inc. will post 0.65 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on UPWK. UBS Group raised their price target on shares of Upwork from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Roth Mkm lifted their price objective on Upwork from $13.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Citigroup upped their target price on shares of Upwork from $11.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday, November 29th. Piper Sandler reiterated an “overweight” rating and set a $18.00 price target (up previously from $13.00) on shares of Upwork in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group increased their price objective on shares of Upwork from $21.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Upwork presently has an average rating of “Moderate Buy” and an average target price of $18.36.

Institutional Investors Weigh In On Upwork

A number of hedge funds and other institutional investors have recently bought and sold shares of UPWK. Plato Investment Management Ltd bought a new position in shares of Upwork during the 2nd quarter worth approximately $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Upwork in the second quarter valued at $29,000. Quarry LP increased its stake in Upwork by 104.2% in the 2nd 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 last quarter. KBC Group NV increased its position in shares of Upwork by 45.4% during the 3rd quarter. KBC Group NV now owns 4,791 shares of the company’s stock worth $50,000 after purchasing an additional 1,497 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Upwork in the 2nd quarter valued at about $54,000. Institutional investors and hedge funds own 77.71% of the company’s stock.

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.