Upwork Inc (NASDAQ:UPWK) Insider Sells $22,342.95 in Stock
Upwork Inc (NASDAQ:UPWK) insider Hayden Brown sold 1,435 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $15.57, for a total transaction of $22,342.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Hayden Brown also recently made the following trade(s):
- On Thursday, May 16th, Hayden Brown sold 2,266 shares of Upwork stock. The shares were sold at an average price of $15.84, for a total transaction of $35,893.44.
- On Friday, May 10th, Hayden Brown sold 3,750 shares of Upwork stock. The shares were sold at an average price of $16.58, for a total transaction of $62,175.00.
Shares of NASDAQ:UPWK opened at $15.51 on Friday. Upwork Inc has a 12 month low of $14.08 and a 12 month high of $25.00. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.74 and a current ratio of 1.74.
Large investors have recently modified their holdings of the stock. Weiss Multi Strategy Advisers LLC purchased a new position in Upwork during the fourth quarter valued at approximately $181,000. Shellback Capital LP purchased a new position in Upwork in the 4th quarter worth approximately $217,000. Bank of New York Mellon Corp purchased a new position in Upwork in the 4th quarter worth approximately $612,000. Norges Bank purchased a new position in Upwork in the 4th quarter worth approximately $906,000. Finally, Financial Advocates Investment Management purchased a new position in Upwork in the 4th quarter worth approximately $675,000. 35.43% of the stock is owned by institutional investors.
Several analysts have recently issued reports on UPWK shares. BTIG Research started coverage on shares of Upwork in a research note on Thursday, April 11th. They set a “buy” rating and a $24.00 price objective for the company. Zacks Investment Research raised shares of Upwork from a “sell” rating to a “hold” rating in a research note on Thursday, May 30th. Finally, Cantor Fitzgerald started coverage on shares of Upwork in a research note on Tuesday, June 18th. They set an “overweight” rating for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $22.50.
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.
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