Upwork Inc. (NASDAQ:UPWK – Get Free Report) CAO Olivier Marie sold 1,518 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $10.57, for a total value of $16,045.26. Following the completion of the transaction, the chief accounting officer now owns 12,608 shares in the company, valued at approximately $133,266.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Olivier Marie also recently made the following trade(s):
- On Monday, August 19th, Olivier Marie sold 1,005 shares of Upwork stock. The shares were sold at an average price of $9.65, for a total transaction of $9,698.25.
- On Monday, August 12th, Olivier Marie sold 366 shares of Upwork stock. The stock was sold at an average price of $9.23, for a total value of $3,378.18.
- On Thursday, July 18th, Olivier Marie sold 225 shares of Upwork stock. The shares were sold at an average price of $11.40, for a total value of $2,565.00.
Upwork Price Performance
Upwork stock opened at $10.71 on Friday. The business’s 50 day simple moving average is $10.30 and its 200 day simple moving average is $11.10. Upwork Inc. has a 12 month low of $8.43 and a 12 month high of $16.36. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 30.60 and a beta of 1.54. The company has a current ratio of 3.00, a quick ratio of 3.00 and a debt-to-equity ratio of 0.99.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Plato Investment Management Ltd purchased a new position in shares of Upwork in the second quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Upwork during the second quarter valued at approximately $29,000. Quadrant Capital Group LLC boosted its stake in shares of Upwork by 67.8% during the 4th quarter. Quadrant Capital Group LLC now owns 1,988 shares of the company’s stock valued at $30,000 after purchasing an additional 803 shares in the last quarter. Quarry LP increased its position in shares of Upwork by 104.2% during the second 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 period. Finally, Headlands Technologies LLC purchased a new stake in Upwork in the first quarter worth about $49,000. 77.71% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on UPWK shares. UBS Group decreased their price target on shares of Upwork from $12.00 to $11.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Roth Mkm dropped their price objective on shares of Upwork from $19.00 to $13.00 and set a “buy” rating for the company in a report on Friday, August 16th. Canaccord Genuity Group decreased their price objective on Upwork from $19.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Royal Bank of Canada lowered their target price on shares of Upwork from $15.00 to $11.00 and set a “sector perform” rating for the company in a research note on Thursday, August 8th. Finally, Piper Sandler cut their price target on shares of Upwork from $20.00 to $13.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Upwork currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.70.
Check Out Our Latest Stock Report on Upwork
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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