Upwork Inc. (NASDAQ:UPWK – Get Free Report) CEO Hayden Brown sold 31,506 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $9.65, for a total transaction of $304,032.90. Following the completion of the sale, the chief executive officer now directly owns 1,190,561 shares of the company’s stock, valued at approximately $11,488,913.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Upwork Stock Down 1.6 %
Upwork stock opened at $9.54 on Friday. The company has a market cap of $1.27 billion, a P/E ratio of 27.26 and a beta of 1.57. Upwork Inc. has a 1-year low of $8.43 and a 1-year high of $16.36. The company has a fifty day simple moving average of $10.68 and a 200 day simple moving average of $11.66. The company has a current ratio of 3.00, a quick ratio of 3.00 and a debt-to-equity ratio of 0.99.
Upwork (NASDAQ:UPWK – Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.03. The business had revenue of $193.13 million during the quarter, compared to the consensus estimate of $193.05 million. Upwork had a net margin of 10.00% and a return on equity of 20.75%. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.03) earnings per share. Research analysts anticipate that Upwork Inc. will post 0.52 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on Upwork
Institutional Trading of Upwork
Large investors have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC lifted its stake in Upwork by 67.8% in the fourth 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 last quarter. Daiwa Securities Group Inc. bought a new stake in Upwork in the 4th quarter valued at about $33,000. Plato Investment Management Ltd bought a new stake in Upwork in the 2nd quarter valued at about $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Upwork in the 2nd quarter valued at about $29,000. Finally, Headlands Technologies LLC bought a new stake in Upwork in the 1st quarter valued at about $49,000. Institutional investors and hedge funds 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.
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