Upwork Inc (NASDAQ:UPWK) Insider Hayden Brown Sells 15,000 Shares
Upwork Inc (NASDAQ:UPWK) insider Hayden Brown sold 15,000 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $15.53, for a total transaction of $232,950.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Hayden Brown also recently made the following trade(s):
- On Tuesday, June 18th, Hayden Brown sold 1,435 shares of Upwork stock. The stock was sold at an average price of $15.57, for a total transaction of $22,342.95.
- On Thursday, May 16th, Hayden Brown sold 2,266 shares of Upwork stock. The stock was sold at an average price of $15.84, for a total transaction of $35,893.44.
Shares of Upwork stock traded up $0.47 on Tuesday, hitting $15.47. 1,186,055 shares of the company traded hands, compared to its average volume of 849,782. The company’s 50-day simple moving average is $16.15. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $1.71 billion and a P/E ratio of -40.71. Upwork Inc has a 12-month low of $14.08 and a 12-month high of $25.00.
Several analysts have issued reports on UPWK shares. Royal Bank of Canada reiterated a “buy” rating and issued a $25.00 target price on shares of Upwork in a research note on Sunday. Zacks Investment Research upgraded shares of Upwork from a “sell” rating to a “hold” rating in a research note on Saturday, July 13th. Jefferies Financial Group upgraded shares of Upwork from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Wednesday, June 26th. Finally, Cantor Fitzgerald started coverage on shares of Upwork in a research note on Tuesday, June 18th. They issued an “overweight” rating on the stock. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Upwork presently has an average rating of “Buy” and a consensus price target of $23.00.
Several institutional investors have recently bought and sold shares of the company. Federated Investors Inc. PA raised its position in shares of Upwork by 40.6% during the 1st quarter. Federated Investors Inc. PA now owns 1,298,234 shares of the company’s stock valued at $24,848,000 after buying an additional 375,034 shares in the last quarter. Baillie Gifford & Co. purchased a new stake in shares of Upwork during the 2nd quarter valued at $20,650,000. BlackRock Inc. purchased a new stake in shares of Upwork during the 4th quarter valued at $16,901,000. State of Wisconsin Investment Board purchased a new stake in shares of Upwork during the 1st quarter valued at $9,984,000. Finally, Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Upwork during the 1st quarter valued at $8,493,000. Hedge funds and other institutional investors own 35.56% of the company’s stock.
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.
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