Upwork Inc. (NASDAQ:UPWK – Get Free Report) Director Elizabeth A. Nelson sold 75,000 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $10.54, for a total transaction of $790,500.00. Following the completion of the sale, the director now owns 48,915 shares in the company, valued at approximately $515,564.10. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Upwork Stock Down 0.6 %
Upwork stock opened at $10.71 on Monday. Upwork Inc. has a twelve month low of $8.43 and a twelve month high of $16.36. The firm has a 50 day moving average price of $10.30 and a 200-day moving average price of $11.07. The company has a market capitalization of $1.43 billion, a P/E ratio of 30.60 and a beta of 1.54. The company has a quick ratio of 3.00, a current 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. Upwork had a net margin of 10.00% and a return on equity of 20.75%. The firm had revenue of $193.13 million during the quarter, compared to the consensus estimate of $193.05 million. During the same period in the prior year, the firm earned ($0.03) EPS. The company’s revenue was up 14.5% compared to the same quarter last year. As a group, equities analysts predict that Upwork Inc. will post 0.51 EPS for the current year.
Wall Street Analyst Weigh In
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. New Century Financial Group LLC purchased a new stake in shares of Upwork during the 1st quarter valued at approximately $1,083,000. Vanguard Group Inc. lifted its stake in shares of Upwork by 5.1% during the 1st quarter. Vanguard Group Inc. now owns 15,996,306 shares of the company’s stock valued at $196,115,000 after buying an additional 770,088 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Upwork by 239.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,252,227 shares of the company’s stock valued at $33,491,000 after buying an additional 1,589,693 shares in the last quarter. Csenge Advisory Group purchased a new stake in shares of Upwork during the 1st quarter valued at approximately $1,344,000. Finally, Edgestream Partners L.P. purchased a new stake in shares of Upwork during the 1st quarter valued at approximately $3,165,000. 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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