Olivier Marie Sells 1,460 Shares of Upwork Inc. (NASDAQ:UPWK) Stock

Upwork Inc. (NASDAQ:UPWK) CAO Olivier Marie sold 1,460 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $13.07, for a total transaction of $19,082.20. Following the completion of the transaction, the chief accounting officer now owns 3,881 shares of the company’s stock, valued at approximately $50,724.67. The trade was a 27.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, February 18th, Olivier Marie sold 1,081 shares of Upwork stock. The stock was sold at an average price of $16.15, for a total transaction of $17,458.15.
• 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 stock was sold at an average price of $16.00, for a total transaction of $4,112.00.

Upwork Trading Up 0.9 %

Shares of UPWK stock opened at $13.57 on Friday. Upwork Inc. has a 1 year low of $8.43 and a 1 year high of $18.14. The firm has a fifty day moving average price of $15.39 and a 200-day moving average price of $14.27. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.39 and a quick ratio of 3.39. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 8.87 and a beta of 1.61.

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

Wall Street Analyst Weigh In

UPWK has been the subject of a number of recent analyst reports. Jefferies Financial Group boosted their price objective on shares of Upwork from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Needham & Company LLC boosted their target price on shares of Upwork from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Citigroup boosted their target price on shares of Upwork from $11.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, November 29th. Royal Bank of Canada boosted their target price on shares of Upwork from $16.00 to $18.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. Finally, JMP Securities reiterated a “market outperform” rating and set a $18.00 target price on shares of Upwork in a research note on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Upwork has a consensus rating of “Moderate Buy” and an average price target of $18.58.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. KBC Group NV boosted its holdings in Upwork by 45.4% in the 3rd quarter. KBC Group NV now owns 4,791 shares of the company’s stock worth $50,000 after buying an additional 1,497 shares during the period. Nkcfo LLC bought a new position in Upwork in the 4th quarter worth $82,000. SBI Securities Co. Ltd. bought a new position in Upwork in the 4th quarter worth $84,000. Financial Management Professionals Inc. bought a new position in Upwork in the 4th quarter worth $97,000. Finally, Quarry LP boosted its holdings in Upwork by 42.6% in the 3rd quarter. Quarry LP now owns 6,201 shares of the company’s stock worth $65,000 after buying an additional 1,851 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.