Olivier Marie Sells 998 Shares of Upwork Inc. (NASDAQ:UPWK) Stock

Upwork Inc. (NASDAQ:UPWK) CAO Olivier Marie sold 998 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $11.61, for a total value of $11,586.78. Following the completion of the transaction, the chief accounting officer now owns 9,194 shares of the company’s stock, valued at $106,742.34. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Thursday, May 16th, Olivier Marie sold 3,106 shares of Upwork stock. The shares were sold at an average price of $12.13, for a total value of $37,675.78.
• On Thursday, April 18th, Olivier Marie sold 223 shares of Upwork stock. The shares were sold at an average price of $11.20, for a total value of $2,497.60.
• On Monday, March 18th, Olivier Marie sold 967 shares of Upwork stock. The shares were sold at an average price of $12.20, for a total value of $11,797.40.
• On Thursday, February 22nd, Olivier Marie sold 1,491 shares of Upwork stock. The shares were sold at an average price of $13.03, for a total value of $19,427.73.

Upwork Trading Down 1.6 %

Shares of Upwork stock opened at $11.41 on Thursday. Upwork Inc. has a 12-month low of $7.54 and a 12-month high of $16.36. The stock has a market cap of $1.52 billion, a P/E ratio of 32.60 and a beta of 1.66. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 1.02. The business’s 50 day moving average is $11.93 and its 200-day moving average is $13.31.

Upwork (NASDAQ:UPWK) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. Upwork had a return on equity of 13.96% and a net margin of 6.70%. The business had revenue of $190.94 million for the quarter, compared to analysts’ expectations of $186.71 million. Equities research analysts predict that Upwork Inc. will post 0.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on UPWK shares. Roth Mkm reiterated a “buy” rating and issued a $19.00 price objective on shares of Upwork in a research report on Wednesday, May 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price target on shares of Upwork in a research report on Wednesday, May 15th. BTIG Research raised Upwork from a “neutral” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Thursday, May 2nd. The Goldman Sachs Group upped their price target on Upwork from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Finally, JMP Securities upped their price target on Upwork from $16.00 to $17.00 and gave the stock a “market outperform” rating in a research report on Thursday, February 15th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Upwork presently has an average rating of “Moderate Buy” and a consensus target price of $17.80.

Institutional Investors Weigh In On Upwork

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Upwork by 5.1% in the 1st quarter. Vanguard Group Inc. now owns 15,996,306 shares of the company’s stock valued at $196,115,000 after acquiring an additional 770,088 shares during the period. Financial Gravity Asset Management Inc. raised its stake in Upwork by 2,216.0% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 3,893,556 shares of the company’s stock valued at $44,231,000 after acquiring an additional 3,725,442 shares during the period. Goldman Sachs Group Inc. raised its stake in Upwork by 239.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,252,227 shares of the company’s stock valued at $33,491,000 after acquiring an additional 1,589,693 shares during the period. Mak Capital One LLC bought a new stake in Upwork in the 3rd quarter valued at $15,528,000. Finally, Assenagon Asset Management S.A. bought a new stake in Upwork in the 4th quarter valued at $19,082,000. 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.