Stephane Kasriel Sells 120,000 Shares of Upwork Inc (NASDAQ:UPWK) Stock

Upwork Inc (NASDAQ:UPWK) CEO Stephane Kasriel sold 120,000 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $14.61, for a total value of $1,753,200.00.

Stephane Kasriel also recently made the following trade(s):

  • On Tuesday, August 20th, Stephane Kasriel sold 120,000 shares of Upwork stock. The shares were sold at an average price of $14.59, for a total value of $1,750,800.00.

NASDAQ:UPWK opened at $13.26 on Friday. Upwork Inc has a twelve month low of $12.93 and a twelve month high of $25.00. The stock has a fifty day simple moving average of $14.54 and a 200-day simple moving average of $16.68. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.06.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Marshall Wace North America L.P. purchased a new position in Upwork in the first quarter valued at about $38,000. Point72 Hong Kong Ltd acquired a new stake in shares of Upwork during the second quarter worth about $44,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Upwork during the second quarter worth about $63,000. Royal Bank of Canada lifted its holdings in shares of Upwork by 349.8% during the second quarter. Royal Bank of Canada now owns 4,071 shares of the company’s stock worth $65,000 after purchasing an additional 3,166 shares during the period. Finally, Bank of America Corp DE acquired a new stake in shares of Upwork during the fourth quarter worth about $94,000. Institutional investors own 44.15% of the company’s stock.

UPWK has been the subject of a number of research reports. Jefferies Financial Group upgraded 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. Citigroup lowered their price target on Upwork from $26.00 to $23.00 and set a “buy” rating for the company in a research report on Tuesday. Royal Bank of Canada reiterated a “buy” rating and set a $25.00 target price on shares of Upwork in a research report on Sunday, August 11th. Cantor Fitzgerald initiated coverage on Upwork in a research report on Tuesday, June 18th. They set an “overweight” rating for the company. Finally, Zacks Investment Research upgraded Upwork from a “sell” rating to a “hold” rating in a research report on Saturday, July 13th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Upwork has a consensus rating of “Buy” and an average target price of $23.00.

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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