Upwork Inc (NASDAQ:UPWK) SVP Han-Shen Yuan Sells 150,000 Shares

Upwork Inc (NASDAQ:UPWK) SVP Han-Shen Yuan sold 150,000 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $14.69, for a total transaction of $2,203,500.00.

Han-Shen Yuan also recently made the following trade(s):

  • On Monday, August 19th, Han-Shen Yuan sold 100,000 shares of Upwork stock. The stock was sold at an average price of $15.00, for a total transaction of $1,500,000.00.

NASDAQ:UPWK opened at $14.17 on Friday. The stock has a 50-day simple moving average of $14.91 and a two-hundred day simple moving average of $17.02. Upwork Inc has a 52-week low of $13.13 and a 52-week high of $25.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.77 and a current ratio of 1.77. The firm has a market capitalization of $1.62 billion and a PE ratio of -37.29.

Upwork (NASDAQ:UPWK) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.03. Upwork had a negative return on equity of 7.62% and a negative net margin of 7.09%. The business had revenue of $74.26 million during the quarter, compared to analyst estimates of $73.14 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. Upwork’s revenue for the quarter was up 18.5% on a year-over-year basis. Equities analysts forecast that Upwork Inc will post -0.15 earnings per share for the current fiscal year.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Marshall Wace North America L.P. bought a new position in shares of Upwork in the first quarter worth about $38,000. Point72 Hong Kong Ltd bought a new position in shares of Upwork in the second quarter worth about $44,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Upwork in the second quarter worth about $63,000. Royal Bank of Canada boosted its stake in shares of Upwork by 349.8% in the second quarter. Royal Bank of Canada now owns 4,071 shares of the company’s stock worth $65,000 after acquiring an additional 3,166 shares during the period. Finally, Bank of America Corp DE bought a new position in shares of Upwork in the fourth quarter worth about $94,000. 44.15% of the stock is owned by hedge funds and other institutional investors.

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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