Upwork Inc. (NASDAQ:UPWK) CAO Olivier Marie Sells 1,081 Shares of Stock

Upwork Inc. (NASDAQ:UPWK) CAO Olivier Marie sold 1,081 shares of Upwork stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $16.15, for a total value of $17,458.15. Following the completion of the sale, the chief accounting officer now directly owns 2,840 shares in the company, valued at approximately $45,866. This represents a 27.57 % decrease in their position. 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 Friday, February 14th, Olivier Marie sold 335 shares of Upwork stock. The stock was sold at an average price of $16.48, for a total transaction of $5,520.80.
• On Tuesday, January 21st, Olivier Marie sold 257 shares of Upwork stock. The shares were sold at an average price of $16.00, for a total value of $4,112.00.
• On Wednesday, December 18th, Olivier Marie sold 1,448 shares of Upwork stock. The shares were sold at an average price of $17.11, for a total value of $24,775.28.

Upwork Trading Up 3.4 %

Shares of UPWK stock opened at $17.44 on Thursday. Upwork Inc. has a 12-month low of $8.43 and a 12-month high of $18.14. The company has a market capitalization of $2.36 billion, a PE ratio of 11.40 and a beta of 1.57. The firm has a 50 day moving average price of $16.33 and a two-hundred day moving average price of $13.59. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 0.62.

Upwork (NASDAQ:UPWK) last posted its earnings results on Wednesday, February 12th. The company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.79. Upwork had a return on equity of 50.83% and a net margin of 28.02%. As a group, analysts predict that Upwork Inc. will post 0.84 earnings per share for the current year.

Wall Street Analysts Forecast Growth

UPWK has been the topic of a number of analyst reports. Piper Sandler reiterated an “overweight” rating and set a $18.00 price objective (up previously from $13.00) on shares of Upwork in a research note on Thursday, November 7th. Canaccord Genuity Group increased their price target on shares of Upwork from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. The Goldman Sachs Group boosted their price objective on shares of Upwork from $21.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Roth Mkm cut their target price on shares of Upwork from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Finally, UBS Group boosted their price target on Upwork from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.91.

Institutional Trading of Upwork

A number of institutional investors have recently bought and sold shares of the business. KBC Group NV raised its position in shares of Upwork by 45.4% in the third quarter. KBC Group NV now owns 4,791 shares of the company’s stock valued at $50,000 after buying an additional 1,497 shares in the last quarter. Quarry LP raised its holdings in Upwork by 42.6% in the 3rd quarter. Quarry LP now owns 6,201 shares of the company’s stock valued at $65,000 after acquiring an additional 1,851 shares in the last quarter. Citizens Financial Group Inc. RI lifted its position in shares of Upwork by 18.4% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 13,719 shares of the company’s stock valued at $143,000 after acquiring an additional 2,129 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Upwork by 3.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 67,716 shares of the company’s stock worth $1,107,000 after purchasing an additional 2,148 shares in the last quarter. Finally, Rhumbline Advisers increased its position in shares of Upwork by 1.4% in the fourth quarter. Rhumbline Advisers now owns 178,202 shares of the company’s stock worth $2,914,000 after purchasing an additional 2,387 shares during the period. Institutional investors 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.