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 shares were 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 shares were sold at an average price of $15.00, for a total transaction of $1,500,000.00.
Shares of NASDAQ:UPWK traded down $0.11 during trading on Thursday, reaching $14.28. The stock had a trading volume of 415,612 shares, compared to its average volume of 932,729. Upwork Inc has a one year low of $13.13 and a one year high of $25.00. The company has a market capitalization of $1.66 billion and a P/E ratio of -37.57. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.06. The firm’s 50-day simple moving average is $14.96 and its 200 day simple moving average is $17.06.
UPWK has been the topic of a number of recent analyst reports. Jefferies Financial Group upgraded shares of Upwork from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Wednesday, June 26th. Cantor Fitzgerald initiated coverage on shares of Upwork in a report on Tuesday, June 18th. They issued an “overweight” rating on the stock. Zacks Investment Research upgraded shares of Upwork from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $25.00 price target on shares of Upwork in a report on Sunday, August 11th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $23.00.
Institutional investors have recently made changes to their positions in the stock. Marshall Wace North America L.P. purchased a new position in shares of Upwork in the 1st quarter valued at approximately $38,000. Point72 Hong Kong Ltd purchased a new position in shares of Upwork in the 2nd quarter valued at approximately $44,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Upwork in the 2nd quarter valued at approximately $63,000. Royal Bank of Canada raised its position in shares of Upwork by 349.8% in the 2nd quarter. Royal Bank of Canada now owns 4,071 shares of the company’s stock valued at $65,000 after purchasing an additional 3,166 shares during the last quarter. Finally, Bank of America Corp DE purchased a new position in shares of Upwork in the 4th quarter valued at approximately $94,000. 44.15% of the stock is owned by hedge funds and other institutional investors.
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 Net Asset Value (NAV)?
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.