Upwork Inc (NASDAQ:UPWK) SVP Han-Shen Yuan sold 100,000 shares of the stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $15.87, for a total transaction of $1,587,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Upwork stock opened at $15.78 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.74 and a quick ratio of 1.74. The stock has a market capitalization of $1.69 billion and a P/E ratio of -41.53. Upwork Inc has a 1 year low of $15.55 and a 1 year high of $25.00.

Upwork (NASDAQ:UPWK) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.01. The business had revenue of $68.92 million during the quarter, compared to the consensus estimate of $69.15 million. Equities research analysts expect that Upwork Inc will post -0.2 earnings per share for the current fiscal year.

Several research analysts recently issued reports on UPWK shares. Zacks Investment Research lowered shares of Upwork from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. BTIG Research started coverage on shares of Upwork in a research note on Thursday, April 11th. They issued a “buy” rating and a $24.00 price target for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $22.50.

Institutional investors have recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. bought a new stake in Upwork during the 4th quarter valued at about $34,000. Marshall Wace North America L.P. bought a new stake in Upwork during the 1st quarter valued at about $38,000. Citigroup Inc. bought a new stake in Upwork during the 4th quarter valued at about $60,000. Strs Ohio bought a new stake in Upwork during the 4th quarter valued at about $61,000. Finally, Barclays PLC bought a new stake in Upwork during the 4th quarter valued at about $93,000. Institutional investors own 35.48% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This news story was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US & international trademark and copyright law. The legal version of this news story can be accessed at https://www.thecerbatgem.com/2019/05/20/upwork-inc-upwk-svp-sells-1587000-00-in-stock.html.

Upwork Company Profile

Upwork Inc operates an online marketplace that enables businesses (clients) to find and work with various independent professionals and agencies (freelancers). The company's platform provides access to talent with approximately 5,000 skills across approximately 70 categories, including content marketing, customer service, data science and analytics, graphic design, mobile development, sales, and Web development.

Recommended Story: Why is the conference call important?

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.