Upwork Inc. (NASDAQ:UPWK) VP Eric Gilpin sold 3,144 shares of the company’s stock in a transaction that occurred on Wednesday, November 18th. The shares were sold at an average price of $34.10, for a total value of $107,210.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Eric Gilpin also recently made the following trade(s):

  • On Friday, November 20th, Eric Gilpin sold 3,591 shares of Upwork stock. The shares were sold at an average price of $35.63, for a total value of $127,947.33.
  • On Friday, November 6th, Eric Gilpin sold 90,000 shares of Upwork stock. The stock was sold at an average price of $28.49, for a total value of $2,564,100.00.
  • On Tuesday, November 10th, Eric Gilpin sold 10,000 shares of Upwork stock. The stock was sold at an average price of $27.17, for a total value of $271,700.00.

Upwork stock opened at $35.53 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.74 and a quick ratio of 1.74. Upwork Inc. has a one year low of $5.14 and a one year high of $36.24. The stock has a market capitalization of $4.34 billion, a PE ratio of -136.65 and a beta of 1.56. The business’s fifty day moving average is $22.95 and its 200 day moving average is $16.15.

Upwork (NASDAQ:UPWK) last released its quarterly earnings data on Wednesday, November 4th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.06. Upwork had a negative return on equity of 11.18% and a negative net margin of 8.91%. The company had revenue of $88.00 million for the quarter, compared to analysts’ expectations of $90.44 million. During the same period last year, the firm posted $0.02 earnings per share. Upwork’s revenue was up 11.7% compared to the same quarter last year. As a group, sell-side analysts expect that Upwork Inc. will post -0.36 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its position in shares of Upwork by 1.1% during the first quarter. State Street Corp now owns 1,160,595 shares of the company’s stock valued at $7,486,000 after buying an additional 12,706 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Upwork during the second quarter valued at $572,000. Great West Life Assurance Co. Can boosted its position in shares of Upwork by 82.0% during the second quarter. Great West Life Assurance Co. Can now owns 6,498 shares of the company’s stock valued at $93,000 after buying an additional 2,928 shares during the last quarter. Strs Ohio purchased a new stake in shares of Upwork during the second quarter valued at $490,000. Finally, WINTON GROUP Ltd purchased a new stake in shares of Upwork during the second quarter valued at $673,000. 60.16% of the stock is currently owned by institutional investors.

A number of equities analysts have issued reports on the company. Stifel Nicolaus upgraded Upwork from a “hold” rating to a “buy” rating and increased their price objective for the stock from $17.00 to $31.00 in a report on Thursday, November 5th. BidaskClub upgraded Upwork from a “buy” rating to a “strong-buy” rating in a report on Friday, October 2nd. ValuEngine downgraded Upwork from a “buy” rating to a “hold” rating in a report on Thursday, October 1st. BTIG Research raised their price target on Upwork from $27.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday. They noted that the move was a valuation call. Finally, JMP Securities raised their price target on Upwork from $20.00 to $28.00 and gave the company an “outperform” rating in a report on Thursday, November 5th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $22.00.

About Upwork

Upwork Inc operates an online talent marketplace that enables businesses (clients) to find and work with various independent professionals and agencies (freelancers) in the United States, India, the Philippines, and internationally. The company's platform provides access to talent with approximately 8,000 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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