Upwork Inc. (NASDAQ:UPWK) CAO Olivier Marie Sells 1,515 Shares of Stock

Upwork Inc. (NASDAQ:UPWK – Get Rating) CAO Olivier Marie sold 1,515 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $8.21, for a total transaction of $12,438.15. Following the completion of the sale, the chief accounting officer now owns 16,608 shares in the company, valued at approximately $136,351.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Olivier Marie also recently made the following trade(s):

• On Monday, May 22nd, Olivier Marie sold 2,572 shares of Upwork stock. The shares were sold at an average price of $8.36, for a total value of $21,501.92.
• On Tuesday, April 18th, Olivier Marie sold 214 shares of Upwork stock. The stock was sold at an average price of $10.47, for a total value of $2,240.58.
• On Monday, March 20th, Olivier Marie sold 958 shares of Upwork stock. The shares were sold at an average price of $10.16, for a total value of $9,733.28.
• On Tuesday, February 21st, Olivier Marie sold 1,137 shares of Upwork stock. The stock was sold at an average price of $11.47, for a total value of $13,041.39.

Upwork Price Performance

Shares of NASDAQ UPWK opened at $8.43 on Tuesday. Upwork Inc. has a 1 year low of $6.56 and a 1 year high of $25.05. The firm has a fifty day moving average price of $9.71 and a 200-day moving average price of $11.18. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.99 and a quick ratio of 2.99.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on UPWK shares. BTIG Research lowered their price objective on shares of Upwork from $20.00 to $15.00 in a research note on Thursday, May 4th. 888 reiterated a “maintains” rating on shares of Upwork in a research report on Thursday, May 4th. Needham & Company LLC dropped their price target on shares of Upwork from $18.00 to $11.00 in a research note on Thursday, May 4th. JMP Securities reduced their price objective on Upwork from $17.00 to $14.00 in a research note on Thursday, May 4th. Finally, The Goldman Sachs Group decreased their target price on Upwork from $24.00 to $21.00 and set a “buy” rating on the stock in a report on Friday, February 17th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $16.11.

Institutional Investors Weigh In On Upwork

A number of institutional investors have recently bought and sold shares of the business. Algert Global LLC lifted its position in shares of Upwork by 418.3% in the third quarter. Algert Global LLC now owns 94,802 shares of the company’s stock valued at $1,291,000 after acquiring an additional 76,512 shares in the last quarter. AMI Asset Management Corp raised its position in shares of Upwork by 2.4% during the fourth quarter. AMI Asset Management Corp now owns 163,662 shares of the company’s stock valued at $1,709,000 after buying an additional 3,799 shares during the last quarter. Essex Investment Management Co. LLC boosted its position in shares of Upwork by 17.7% during the third quarter. Essex Investment Management Co. LLC now owns 286,442 shares of the company’s stock worth $3,901,000 after acquiring an additional 43,173 shares during the last quarter. Bares Capital Management Inc. grew its stake in Upwork by 282.3% during the third quarter. Bares Capital Management Inc. now owns 500,000 shares of the company’s stock valued at $6,810,000 after acquiring an additional 369,200 shares in the last quarter. Finally, Alpha Square Group S LLC grew its stake in Upwork by 18.6% during the third quarter. Alpha Square Group S LLC now owns 255,000 shares of the company’s stock valued at $3,473,000 after acquiring an additional 40,000 shares in the last quarter. Hedge funds and other institutional investors own 74.05% of the company’s stock.

Upwork Company Profile

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Upwork, Inc operates an online marketplace that enables businesses to find, hire, and pay freelancers for short-term and longer-term projects. Its marketplace offerings include Upwork Basic, Upwork Plus, Upwork Business, Upwork Enterprise, and Upwork Payroll. The company was founded by Odysseas Tsatalos and Efstratios Karamanlakis in December 2013 and is headquartered in San Francisco, CA.