Olivier Marie Sells 941 Shares of Upwork Inc. (NASDAQ:UPWK) Stock

Key Points

• Olivier Marie, Chief Accounting Officer of Upwork Inc., sold 941 shares at an average price of $13.84, resulting in a total transaction of $13,023.44 and reducing his ownership by 27.88%.
• Upwork's stock recently traded at $13.99 with a market capitalization of $1.86 billion, and analysts anticipate earnings per share of 0.84 for the current year.
• The company reported $0.35 earnings per share for its last quarter, beating analysts' expectations, with revenue reaching $194.94 million.

Upwork Inc. (NASDAQ:UPWK - Get Free Report) CAO Olivier Marie sold 941 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $13.84, for a total value of $13,023.44. Following the transaction, the chief accounting officer owned 2,434 shares of the company's stock, valued at approximately $33,686.56. This trade represents a 27.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Thursday, August 14th, Olivier Marie sold 1,294 shares of Upwork stock. The shares were sold at an average price of $14.00, for a total value of $18,116.00.
• On Monday, June 23rd, Olivier Marie sold 1,842 shares of Upwork stock. The shares were sold at an average price of $13.24, for a total value of $24,388.08.
• On Friday, June 20th, Olivier Marie sold 748 shares of Upwork stock. The shares were sold at an average price of $13.24, for a total value of $9,903.52.
• On Wednesday, June 18th, Olivier Marie sold 1,879 shares of Upwork stock. The shares were sold at an average price of $13.50, for a total transaction of $25,366.50.
• On Tuesday, May 20th, Olivier Marie sold 1,655 shares of Upwork stock. The shares were sold at an average price of $16.41, for a total transaction of $27,158.55.

Upwork Price Performance

NASDAQ:UPWK traded up $0.19 during mid-day trading on Monday, reaching $13.99. The stock had a trading volume of 1,737,387 shares, compared to its average volume of 2,489,098. The stock has a 50-day simple moving average of $13.36 and a two-hundred day simple moving average of $14.16. The stock has a market capitalization of $1.86 billion, a PE ratio of 8.04 and a beta of 1.38. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.36 and a quick ratio of 3.36. Upwork Inc. has a 12 month low of $8.90 and a 12 month high of $18.14.

Upwork (NASDAQ:UPWK - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.09. The business had revenue of $194.94 million for the quarter, compared to analysts' expectations of $187.56 million. Upwork had a net margin of 31.75% and a return on equity of 44.83%. The firm's quarterly revenue was up .9% compared to the same quarter last year. During the same period last year, the firm posted $0.26 earnings per share. On average, equities analysts anticipate that Upwork Inc. will post 0.84 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on UPWK. Needham & Company LLC restated a "buy" rating and set a $19.00 price objective on shares of Upwork in a research report on Tuesday, May 6th. Citigroup restated an "outperform" rating on shares of Upwork in a research report on Friday, May 16th. JMP Securities raised their price objective on shares of Upwork from $18.00 to $20.00 and gave the stock a "market outperform" rating in a research report on Friday, May 16th. Royal Bank Of Canada restated a "sector perform" rating and set a $18.00 price objective on shares of Upwork in a research report on Monday, June 2nd. Finally, Wall Street Zen downgraded shares of Upwork from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Upwork presently has an average rating of "Moderate Buy" and an average target price of $18.67.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in UPWK. LPL Financial LLC bought a new stake in shares of Upwork during the fourth quarter worth $1,175,000. Wells Fargo & Company MN grew its stake in shares of Upwork by 5.7% during the fourth quarter. Wells Fargo & Company MN now owns 65,775 shares of the company's stock worth $1,075,000 after buying an additional 3,543 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Upwork by 20,322.0% during the fourth quarter. Russell Investments Group Ltd. now owns 79,850 shares of the company's stock worth $1,326,000 after buying an additional 79,459 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Upwork during the fourth quarter worth $812,000. Finally, First Trust Advisors LP grew its stake in shares of Upwork by 522.3% during the fourth quarter. First Trust Advisors LP now owns 243,767 shares of the company's stock worth $3,986,000 after buying an additional 204,596 shares during the last quarter. 77.71% of the stock is 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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