Bruce Dunlevie Sells 48,708 Shares of Upwork Inc (NASDAQ:UPWK) Stock

Share on StockTwits

Upwork Inc (NASDAQ:UPWK) major shareholder Bruce Dunlevie sold 48,708 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $14.82, for a total value of $721,852.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

UPWK stock opened at $15.00 on Friday. Upwork Inc has a twelve month low of $14.08 and a twelve month high of $25.00. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.07. The firm has a market cap of $1.66 billion and a PE ratio of -39.47. The business has a 50 day moving average of $16.13 and a 200 day moving average of $18.16.

Upwork (NASDAQ:UPWK) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.02) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.03. Upwork had a negative return on equity of 8.95% and a negative net margin of 7.09%. The company had revenue of $74.26 million during the quarter, compared to analyst estimates of $73.14 million. During the same quarter last year, the company earned $0.06 EPS. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. On average, research analysts expect that Upwork Inc will post -0.15 earnings per share for the current fiscal year.

UPWK has been the subject of a number of analyst reports. Zacks Investment Research raised Upwork from a “sell” rating to a “hold” rating in a research report on Saturday, July 13th. Royal Bank of Canada reaffirmed a “buy” rating and set a $25.00 price objective on shares of Upwork in a research report on Sunday, August 11th. Jefferies Financial Group raised Upwork from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Wednesday, June 26th. Finally, Cantor Fitzgerald initiated coverage on Upwork in a research report on Tuesday, June 18th. They set an “overweight” rating for the company. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $23.00.

Several institutional investors have recently bought and sold shares of UPWK. Marshall Wace North America L.P. bought a new stake in shares of Upwork in the 1st quarter worth $38,000. Point72 Hong Kong Ltd bought a new stake in shares of Upwork in the 2nd quarter worth $44,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Upwork in the 2nd quarter worth $63,000. Bank of America Corp DE bought a new stake in shares of Upwork in the 4th quarter worth $94,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Upwork by 4,184.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,770 shares of the company’s stock worth $109,000 after purchasing an additional 6,612 shares in the last quarter. 35.56% of the stock is owned by institutional investors and hedge funds.

About Upwork

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.

Featured Article: What is the Dividend Aristocrat Index?

Insider Buying and Selling by Quarter for Upwork (NASDAQ:UPWK)

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.



Latest News

Lundin Mining Co.  Insider Nemesia S.a.r.l.  Acquires 150,000 Shares
Lundin Mining Co. Insider Nemesia S.a.r.l. Acquires 150,000 Shares
Brian B. Hansen Sells 15,000 Shares of Tandem Diabetes Care Inc  Stock
Brian B. Hansen Sells 15,000 Shares of Tandem Diabetes Care Inc Stock
Osisko gold royalties Ltd  Director Sells C$897,627.00 in Stock
Osisko gold royalties Ltd Director Sells C$897,627.00 in Stock
Deciphera Pharmaceuticals Inc  Director Sells $917,325.00 in Stock
Deciphera Pharmaceuticals Inc Director Sells $917,325.00 in Stock
Boston Advisors LLC Decreases Stock Holdings in Textron Inc.
Boston Advisors LLC Decreases Stock Holdings in Textron Inc.
Sumedh S. Thakar Sells 6,980 Shares of Qualys Inc  Stock
Sumedh S. Thakar Sells 6,980 Shares of Qualys Inc Stock


© 2006-2019 Ticker Report