Upwork (NASDAQ:UPWK) CAO Sells $13,023.44 in 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 company's stock in a transaction that occurred on 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 directly 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, August 19th, Olivier Marie sold 1,686 shares of Upwork stock. The stock was sold at an average price of $13.88, for a total value of $23,401.68.
• On Thursday, August 14th, Olivier Marie sold 1,294 shares of Upwork stock. The stock was 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 stock was 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 stock was 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 stock was sold at an average price of $13.50, for a total value of $25,366.50.
• On Tuesday, May 20th, Olivier Marie sold 1,655 shares of Upwork stock. The stock was sold at an average price of $16.41, for a total value of $27,158.55.

Upwork Stock Up 0.9%

NASDAQ:UPWK traded up $0.13 during trading hours on Friday, reaching $14.92. 2,415,385 shares of the stock were exchanged, compared to its average volume of 3,728,423. Upwork Inc. has a twelve month low of $8.90 and a twelve month high of $18.14. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.36 and a quick ratio of 3.36. The firm has a 50 day moving average of $13.32 and a 200 day moving average of $14.12. The stock has a market cap of $1.98 billion, a PE ratio of 8.57 and a beta of 1.38.

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

Analysts Set New Price Targets

Several research firms have recently commented on UPWK. Wall Street Zen downgraded Upwork from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Needham & Company LLC reissued a "buy" rating and issued a $19.00 price objective on shares of Upwork in a report on Tuesday, May 6th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $18.00 price objective on shares of Upwork in a report on Monday, June 2nd. Citigroup reissued an "outperform" rating on shares of Upwork in a report on Friday, May 16th. Finally, JMP Securities increased their price objective on Upwork from $18.00 to $20.00 and gave the company a "market outperform" rating in a report on Friday, May 16th. Eight investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Upwork has an average rating of "Moderate Buy" and a consensus target price of $18.67.

Institutional Investors Weigh In On Upwork

Large investors have recently added to or reduced their stakes in the business. Elevation Point Wealth Partners LLC bought a new stake in Upwork in the 2nd quarter valued at $30,000. LRI Investments LLC raised its stake in Upwork by 415.9% in the 2nd quarter. LRI Investments LLC now owns 2,528 shares of the company's stock valued at $34,000 after acquiring an additional 2,038 shares during the period. EMC Capital Management bought a new stake in Upwork in the 2nd quarter valued at $45,000. EverSource Wealth Advisors LLC raised its stake in Upwork by 19,361.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,503 shares of the company's stock valued at $47,000 after acquiring an additional 3,485 shares during the period. Finally, IFP Advisors Inc increased its position in Upwork by 3,492.8% during the 1st quarter. IFP Advisors Inc now owns 3,988 shares of the company's stock worth $52,000 after buying an additional 3,877 shares during the period. Institutional investors 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.