Upwork Inc. (NASDAQ:UPWK) CEO Hayden Brown Sells 20,000 Shares

Upwork Inc. (NASDAQ:UPWKGet Free Report) CEO Hayden Brown sold 20,000 shares of Upwork stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $12.07, for a total transaction of $241,400.00. Following the transaction, the chief executive officer now directly owns 1,145,980 shares in the company, valued at $13,831,978.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Hayden Brown also recently made the following trade(s):

  • On Tuesday, February 20th, Hayden Brown sold 43,714 shares of Upwork stock. The stock was sold at an average price of $12.86, for a total transaction of $562,162.04.

Upwork Price Performance

UPWK opened at $12.01 on Wednesday. The stock has a 50-day moving average price of $13.70 and a 200-day moving average price of $13.29. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.01 and a quick ratio of 3.01. The firm has a market cap of $1.65 billion, a PE ratio of 171.60 and a beta of 1.68. Upwork Inc. has a 1 year low of $6.56 and a 1 year high of $16.36.

Upwork (NASDAQ:UPWKGet Free Report) last released its quarterly earnings results on Wednesday, February 14th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.12 by $0.01. Upwork had a net margin of 6.80% and a return on equity of 14.21%. The firm had revenue of $183.93 million during the quarter, compared to analyst estimates of $178.43 million. Sell-side analysts predict that Upwork Inc. will post 0.42 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Upwork

Several hedge funds and other institutional investors have recently made changes to their positions in UPWK. Quadrant Capital Group LLC grew its stake in shares of Upwork by 67.8% during the 4th quarter. Quadrant Capital Group LLC now owns 1,988 shares of the company’s stock valued at $30,000 after acquiring an additional 803 shares during the period. Daiwa Securities Group Inc. bought a new position in Upwork in the 4th quarter worth approximately $33,000. Russell Investments Group Ltd. boosted its stake in Upwork by 575.3% in the 1st quarter. Russell Investments Group Ltd. now owns 2,600 shares of the company’s stock worth $29,000 after purchasing an additional 2,215 shares during the period. KBC Group NV bought a new position in Upwork in the 4th quarter worth approximately $49,000. Finally, Quarry LP boosted its stake in Upwork by 92.5% in the 1st quarter. Quarry LP now owns 3,486 shares of the company’s stock worth $39,000 after purchasing an additional 1,675 shares during the period. Hedge funds and other institutional investors own 75.46% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on UPWK shares. The Goldman Sachs Group lifted their target price on shares of Upwork from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Needham & Company LLC lifted their target price on shares of Upwork from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. JMP Securities lifted their target price on shares of Upwork from $16.00 to $17.00 and gave the stock a “market outperform” rating in a research note on Thursday, February 15th. Jefferies Financial Group raised shares of Upwork from a “hold” rating to a “buy” rating and lifted their target price for the stock from $13.00 to $20.00 in a research note on Monday, January 8th. Finally, UBS Group lifted their target price on shares of Upwork from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.55.

Check Out Our Latest Analysis on UPWK

Upwork Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Upwork (NASDAQ:UPWK)

Receive News & Ratings for Upwork Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Upwork and related companies with MarketBeat.com's FREE daily email newsletter.