Upwork Inc. (NASDAQ:UPWK – Get Free Report) Director Elizabeth A. Nelson sold 70,000 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $11.79, for a total value of $825,300.00. Following the transaction, the director now directly owns 32,616 shares in the company, valued at approximately $384,542.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Upwork Trading Down 1.6 %
NASDAQ UPWK opened at $11.41 on Thursday. The firm 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 debt-to-equity ratio of 1.02, a current ratio of 2.93 and a quick ratio of 2.93. The stock’s 50-day moving average is $11.93 and its 200-day moving average is $13.31. Upwork Inc. has a one year low of $7.54 and a one year high of $16.36.
Upwork (NASDAQ:UPWK – Get Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. The business had revenue of $190.94 million during the quarter, compared to the consensus estimate of $186.71 million. Upwork had a return on equity of 13.96% and a net margin of 6.70%. Sell-side analysts anticipate that Upwork Inc. will post 0.52 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on UPWK
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of UPWK. Quadrant Capital Group LLC grew its holdings in shares of 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. Daiwa Securities Group Inc. bought a new position in shares of Upwork during the fourth quarter worth about $33,000. Headlands Technologies LLC bought a new position in shares of Upwork during the first quarter worth about $49,000. Essex Investment Management Co. LLC grew its holdings in shares of Upwork by 56.2% during the first quarter. Essex Investment Management Co. LLC now owns 4,724 shares of the company’s stock worth $58,000 after buying an additional 1,700 shares in the last quarter. Finally, Shell Asset Management Co. grew its holdings in shares of Upwork by 193.6% during the first quarter. Shell Asset Management Co. now owns 8,570 shares of the company’s stock worth $105,000 after buying an additional 5,651 shares in the last quarter. 77.71% of the stock is currently owned by institutional investors.
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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