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

Upwork Inc. (NASDAQ:UPWK) CAO Olivier Marie sold 1,081 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $16.15, for a total transaction 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. The trade was a 27.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 stock was sold at an average price of $16.00, for a total transaction of $4,112.00.
• On Wednesday, December 18th, Olivier Marie sold 1,448 shares of Upwork stock. The stock was sold at an average price of $17.11, for a total transaction of $24,775.28.

Upwork Trading Up 3.4 %

Shares of NASDAQ UPWK traded up $0.57 during mid-day trading on Wednesday, hitting $17.44. The stock had a trading volume of 5,207,853 shares, compared to its average volume of 2,682,205. The company has a debt-to-equity ratio of 0.62, a quick ratio of 3.39 and a current ratio of 3.39. Upwork Inc. has a 1 year low of $8.43 and a 1 year high of $18.14. The business has a 50 day moving average price of $16.32 and a two-hundred day moving average price of $13.56. The firm has a market cap of $2.36 billion, a P/E ratio of 11.40 and a beta of 1.57.

Upwork (NASDAQ:UPWK) last released its quarterly earnings results on Wednesday, February 12th. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.79. Upwork had a net margin of 28.02% and a return on equity of 50.83%. On average, equities analysts anticipate that Upwork Inc. will post 0.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on UPWK shares. Roth Mkm decreased their price objective on shares of Upwork from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Needham & Company LLC upped their price objective on shares of Upwork from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. UBS Group upped their price objective on shares of Upwork from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. BTIG Research upped their price objective on shares of Upwork from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Jefferies Financial Group upped their price objective on shares of Upwork from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $18.91.

Institutional Trading of Upwork

Several large investors have recently added to or reduced their stakes in UPWK. Price T Rowe Associates Inc. MD boosted its holdings in Upwork by 51.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,498,688 shares of the company’s stock valued at $253,405,000 after acquiring an additional 5,289,493 shares in the last quarter. Invesco Ltd. boosted its holdings in Upwork by 1,674.0% in the fourth quarter. Invesco Ltd. now owns 1,748,320 shares of the company’s stock valued at $28,585,000 after acquiring an additional 1,649,766 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in Upwork by 86.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,303,035 shares of the company’s stock valued at $54,005,000 after acquiring an additional 1,534,078 shares in the last quarter. Contour Asset Management LLC bought a new stake in Upwork in the fourth quarter valued at $24,633,000. Finally, LSV Asset Management bought a new stake in Upwork in the fourth quarter valued at $18,838,000. Institutional investors own 77.71% of the company’s stock.

About Upwork

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.