135,898 Shares in Upwork Inc. (NASDAQ:UPWK) Acquired by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. acquired a new stake in shares of Upwork Inc. (NASDAQ:UPWK) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 135,898 shares of the company’s stock, valued at approximately $2,222,000.

A number of other institutional investors have also recently added to or reduced their stakes in UPWK. Charles Schwab Investment Management Inc. raised its holdings in shares of Upwork by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,011,508 shares of the company’s stock valued at $10,570,000 after purchasing an additional 14,680 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Upwork by 40.9% during the third quarter. BNP Paribas Financial Markets now owns 251,714 shares of the company’s stock valued at $2,630,000 after buying an additional 73,104 shares in the last quarter. Holocene Advisors LP acquired a new stake in shares of Upwork in the third quarter worth about $282,000. Janus Henderson Group PLC boosted its stake in shares of Upwork by 34.6% during the 3rd quarter. Janus Henderson Group PLC now owns 68,070 shares of the company’s stock worth $712,000 after acquiring an additional 17,482 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its holdings in shares of Upwork by 2,216.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 503,682 shares of the company’s stock valued at $5,263,000 after acquiring an additional 481,942 shares during the last quarter. 77.71% of the stock is currently owned by institutional investors and hedge funds.

Upwork Price Performance

Shares of NASDAQ:UPWK opened at $11.87 on Friday. The business’s 50 day moving average is $14.77 and its 200-day moving average is $14.52. The company has a current ratio of 3.39, a quick ratio of 3.39 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $1.61 billion, a PE ratio of 7.76 and a beta of 1.60. Upwork Inc. has a 1-year low of $8.43 and a 1-year high of $18.14.

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 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%. Sell-side analysts predict that Upwork Inc. will post 0.84 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. JMP Securities restated a “market outperform” rating and issued a $18.00 target price on shares of Upwork in a report on Thursday, January 30th. UBS Group boosted their price objective on shares of Upwork from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. BTIG Research lowered shares of Upwork from a “buy” rating to a “neutral” rating in a research note on Friday. Royal Bank of Canada boosted their target price on shares of Upwork from $16.00 to $18.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. Finally, Jefferies Financial Group upped their price target on shares of Upwork from $19.00 to $20.00 and gave the company a “buy” rating in a report on Monday, January 6th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Upwork presently has an average rating of “Moderate Buy” and an average price target of $18.58.

Insider Buying and Selling

In other news, CEO Hayden Brown sold 21,122 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 $341,120.30. Following the sale, the chief executive officer now owns 1,275,083 shares in the company, valued at approximately $20,592,590.45. The trade was a 1.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dave Bottoms sold 5,411 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $13.07, for a total transaction of $70,721.77. Following the sale, the insider now owns 9,593 shares of the company’s stock, valued at $125,380.51. This trade represents a 36.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 193,365 shares of company stock valued at $3,050,760 over the last quarter. Corporate insiders own 7.60% of the company’s stock.

Upwork 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.