Upwork Inc. (NASDAQ:UPWK – Get Free Report) VP Dave Bottoms sold 5,626 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $10.57, for a total value of $59,466.82. Following the transaction, the vice president now directly owns 15,196 shares of the company’s stock, valued at $160,621.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Dave Bottoms also recently made the following trade(s):
- On Tuesday, August 27th, Dave Bottoms sold 5,818 shares of Upwork stock. The stock was sold at an average price of $9.81, for a total value of $57,074.58.
- On Monday, August 19th, Dave Bottoms sold 1,433 shares of Upwork stock. The shares were sold at an average price of $9.65, for a total transaction of $13,828.45.
Upwork Stock Performance
NASDAQ:UPWK opened at $10.71 on Friday. The stock has a 50 day simple moving average of $10.30 and a 200 day simple moving average of $11.08. The stock has a market cap of $1.43 billion, a P/E ratio of 30.60 and a beta of 1.54. Upwork Inc. has a 1-year low of $8.43 and a 1-year high of $16.36. The company has a current ratio of 3.00, a quick ratio of 3.00 and a debt-to-equity ratio of 0.99.
Analyst Ratings Changes
A number of brokerages have commented on UPWK. Roth Mkm cut their price target on shares of Upwork from $19.00 to $13.00 and set a “buy” rating for the company in a research note on Friday, August 16th. Canaccord Genuity Group reduced their price target on Upwork from $19.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Piper Sandler dropped their price objective on Upwork from $20.00 to $13.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Royal Bank of Canada cut their price objective on Upwork from $15.00 to $11.00 and set a “sector perform” rating for the company in a research report on Thursday, August 8th. Finally, The Goldman Sachs Group dropped their price target on Upwork from $24.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $15.70.
Read Our Latest Stock Analysis on Upwork
Institutional Trading of Upwork
Several hedge funds and other institutional investors have recently bought and sold shares of UPWK. Victory Capital Management Inc. grew its position in shares of Upwork by 24.2% during the 4th quarter. Victory Capital Management Inc. now owns 16,200 shares of the company’s stock worth $241,000 after purchasing an additional 3,156 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Upwork by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 977,073 shares of the company’s stock valued at $14,529,000 after buying an additional 20,703 shares during the period. Teacher Retirement System of Texas acquired a new stake in Upwork during the fourth quarter worth approximately $771,000. Quadrant Capital Group LLC grew its position in Upwork by 67.8% during the fourth quarter. Quadrant Capital Group LLC now owns 1,988 shares of the company’s stock worth $30,000 after buying an additional 803 shares in the last quarter. Finally, Norges Bank bought a new position in Upwork during the 4th quarter worth $11,486,000. Institutional investors and hedge funds 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.
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