Upwork Inc. (NASDAQ:UPWK – Get Free Report) CEO Hayden Brown sold 31,300 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $11.61, for a total value of $363,393.00. Following the completion of the sale, the chief executive officer now directly owns 1,175,829 shares of the company’s stock, valued at approximately $13,651,374.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Hayden Brown also recently made the following trade(s):
- On Friday, March 15th, Hayden Brown sold 20,000 shares of Upwork stock. The stock was sold at an average price of $12.07, for a total value of $241,400.00.
Upwork Stock Down 1.6 %
UPWK stock opened at $11.41 on Thursday. The stock has a market cap of $1.52 billion, a P/E ratio of 32.60 and a beta of 1.66. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 1.02. The stock’s fifty day simple moving average is $11.93 and its two-hundred day simple moving average is $13.31. Upwork Inc. has a 1-year low of $7.54 and a 1-year high of $16.36.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of UPWK. SkyView Investment Advisors LLC lifted its stake in Upwork by 17.8% in the first quarter. SkyView Investment Advisors LLC now owns 186,393 shares of the company’s stock valued at $2,285,000 after purchasing an additional 28,139 shares during the last quarter. Invenomic Capital Management LP lifted its position in shares of Upwork by 132.5% during the 1st quarter. Invenomic Capital Management LP now owns 964,641 shares of the company’s stock valued at $11,826,000 after buying an additional 549,733 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of Upwork during the 1st quarter worth $1,987,000. Bayesian Capital Management LP purchased a new stake in Upwork in the 1st quarter worth about $567,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in Upwork by 4.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 126,581 shares of the company’s stock worth $1,553,000 after acquiring an additional 5,050 shares during the last quarter. 77.71% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on UPWK shares. The Goldman Sachs Group upped their price objective on shares of Upwork from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Roth Mkm reaffirmed a “buy” rating and issued a $19.00 price target on shares of Upwork in a research report on Wednesday, May 15th. Needham & Company LLC reissued a “buy” rating and set a $20.00 price objective on shares of Upwork in a report on Wednesday, May 15th. BTIG Research upgraded Upwork from a “neutral” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Thursday, May 2nd. Finally, UBS Group upped their price target on Upwork from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.80.
Get Our Latest Research Report on Upwork
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.
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