Upwork Inc. (NASDAQ:UPWK) VP Sells $24,919.45 in Stock

Upwork Inc. (NASDAQ:UPWK) VP Dave Bottoms sold 1,543 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $16.15, for a total value of $24,919.45. Following the transaction, the vice president now owns 2,207 shares of the company’s stock, valued at approximately $35,643.05. The trade was a 41.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Dave Bottoms also recently made the following trade(s):

• On Wednesday, December 18th, Dave Bottoms sold 5,360 shares of Upwork stock. The stock was sold at an average price of $17.11, for a total value of $91,709.60.

Upwork Stock Performance

Shares of UPWK stock opened at $15.63 on Friday. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 10.22 and a beta of 1.57. Upwork Inc. has a 52-week low of $8.43 and a 52-week high of $18.14. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 0.62. The company’s 50 day moving average is $16.30 and its 200 day moving average is $13.66.

Upwork (NASDAQ:UPWK) last announced its quarterly earnings results 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 return on equity of 50.83% and a net margin of 28.02%. On average, sell-side analysts anticipate that Upwork Inc. will post 0.84 EPS for the current fiscal year.

Hedge Funds Weigh In On Upwork

Several institutional investors and hedge funds have recently added to or reduced their stakes in UPWK. KBC Group NV lifted its position in shares of Upwork by 45.4% during 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 during the last quarter. CWM LLC raised its stake in shares of Upwork by 71.9% during the 3rd quarter. CWM LLC now owns 5,896 shares of the company’s stock worth $62,000 after acquiring an additional 2,467 shares in the last quarter. Quarry LP lifted its position in Upwork by 42.6% during the third quarter. Quarry LP now owns 6,201 shares of the company’s stock valued at $65,000 after acquiring an additional 1,851 shares during the last quarter. Nkcfo LLC acquired a new stake in Upwork in the fourth quarter valued at approximately $82,000. Finally, SBI Securities Co. Ltd. purchased a new position in Upwork in the fourth quarter worth $84,000. Hedge funds and other institutional investors own 77.71% of the company’s stock.

Analysts Set New Price Targets

UPWK has been the topic of a number of research analyst reports. Royal Bank of Canada upped their price target on shares of Upwork from $16.00 to $18.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. The Goldman Sachs Group upped their target price 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. Canaccord Genuity Group lifted 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. Needham & Company LLC boosted their price target on Upwork from $17.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, Roth Mkm dropped their price objective on Upwork from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.91.

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.