Upwork Inc (UPWK) Insider Sells $35,893.44 in Stock

Upwork Inc (NASDAQ:UPWK) insider Hayden Brown sold 2,266 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $15.84, for a total transaction of $35,893.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Hayden Brown also recently made the following trade(s):

  • On Friday, May 10th, Hayden Brown sold 3,750 shares of Upwork stock. The stock was sold at an average price of $16.58, for a total transaction of $62,175.00.

Shares of Upwork stock traded down $0.30 on Monday, hitting $15.48. 982,646 shares of the company’s stock were exchanged, compared to its average volume of 689,091. The stock has a market capitalization of $1.69 billion and a PE ratio of -40.74. Upwork Inc has a 1 year low of $15.28 and a 1 year high of $25.00. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.74 and a quick ratio of 1.74.

Upwork (NASDAQ:UPWK) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($0.04) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.01. The business had revenue of $68.92 million for the quarter, compared to analysts’ expectations of $69.15 million. As a group, research analysts anticipate that Upwork Inc will post -0.2 EPS for the current year.

UPWK has been the topic of several research reports. Zacks Investment Research cut shares of Upwork from a “hold” rating to a “sell” rating in a report on Saturday, March 9th. BTIG Research began coverage on shares of Upwork in a report on Thursday, April 11th. They issued a “buy” rating and a $24.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $22.50.

Several institutional investors have recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Upwork during the 4th quarter valued at $34,000. Marshall Wace North America L.P. bought a new stake in Upwork in the 1st quarter valued at $38,000. Citigroup Inc. bought a new stake in Upwork in the 4th quarter valued at $60,000. Strs Ohio bought a new stake in Upwork in the 4th quarter valued at $61,000. Finally, Barclays PLC bought a new stake in Upwork in the 4th quarter valued at $93,000. Institutional investors and hedge funds own 35.48% of the company’s stock.

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Upwork Company Profile

Upwork Inc operates an online marketplace that enables businesses (clients) to find and work with various independent professionals and agencies (freelancers). The company's platform provides access to talent with approximately 5,000 skills across approximately 70 categories, including content marketing, customer service, data science and analytics, graphic design, mobile development, sales, and Web development.

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