Upwork Inc. (NASDAQ:UPWK – Get Free Report) VP Dave Bottoms sold 5,626 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $10.57, for a total value of $59,466.82. Following the transaction, the vice president now owns 15,196 shares in the company, valued at approximately $160,621.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Dave Bottoms also recently made the following trade(s):
- On Tuesday, August 27th, Dave Bottoms sold 5,818 shares of Upwork stock. The shares were sold at an average price of $9.81, for a total value of $57,074.58.
- On Monday, August 19th, Dave Bottoms sold 1,433 shares of Upwork stock. The stock was sold at an average price of $9.65, for a total value of $13,828.45.
Upwork Price Performance
UPWK stock opened at $10.71 on Friday. The stock’s 50 day moving average price is $10.30 and its 200 day moving average price is $11.10. The firm has a market cap of $1.43 billion, a P/E ratio of 30.60 and a beta of 1.54. The company has a debt-to-equity ratio of 0.99, a quick ratio of 3.00 and a current ratio of 3.00. Upwork Inc. has a 1 year low of $8.43 and a 1 year high of $16.36.
Institutional Investors Weigh In On Upwork
Several hedge funds have recently modified their holdings of UPWK. Victory Capital Management Inc. boosted its position in Upwork by 24.2% during the fourth quarter. Victory Capital Management Inc. now owns 16,200 shares of the company’s stock worth $241,000 after acquiring an additional 3,156 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Upwork by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 977,073 shares of the company’s stock worth $14,529,000 after purchasing an additional 20,703 shares during the period. Teacher Retirement System of Texas acquired a new stake in shares of Upwork during the fourth quarter worth $771,000. Quadrant Capital Group LLC grew 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 valued at $30,000 after purchasing an additional 803 shares during the period. Finally, Norges Bank acquired a new position in Upwork in the fourth quarter valued at $11,486,000. 77.71% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms have recently weighed in on UPWK. Roth Mkm lowered their price target on shares of Upwork from $19.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, August 16th. Canaccord Genuity Group lowered their target price on shares of Upwork from $19.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Piper Sandler reduced their price target on shares of Upwork from $20.00 to $13.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. The Goldman Sachs Group decreased their price target on Upwork from $24.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, Royal Bank of Canada reduced their price objective on Upwork from $15.00 to $11.00 and set a “sector perform” rating for the company in a report on Thursday, August 8th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $15.70.
View Our Latest Report on Upwork
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.
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