6 days Ago By ABMN Staff
Geode Capital Management LLC increased its position in Upwork Inc. ( NASDAQ:UPWK – Free Report ) by 0.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission.
The firm owned 2,879,143 shares of the company’s stock after purchasing an additional 6,957 shares during the quarter. Geode Capital Management LLC owned 2.15% of Upwork worth $47,085,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. Nkcfo LLC acquired a new position in Upwork in the 4th quarter worth $82,000. SBI Securities Co.
Ltd. purchased a new stake in shares of Upwork during the fourth quarter worth about $84,000. Financial Management Professionals Inc.
purchased a new position in Upwork in the fourth quarter valued at about $97,000. KBC Group NV grew its stake in Upwork by 39.6% during the 4th quarter.
KBC Group NV now owns 6,690 shares of the company’s stock valued at $109,000 after purchasing an additional 1,899 shares in the last quarter. Finally, Cibc World Markets Corp purchased a new stake in Upwork during the 4th quarter worth approximately $191,000. 77.
71% of the stock is owned by institutional investors and hedge funds. Wall Street Analysts Forecast Growth A number of analysts have recently weighed in on the stock. Jefferies Financial Group decreased their price target on shares of Upwork from $21.
00 to $20.00 and set a “buy” rating for the company in a research report on Monday, April 7th. Roth Mkm dropped their target price on shares of Upwork from $20.
00 to $19.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. JMP Securities reaffirmed a “market outperform” rating and set a $18.
00 price target on shares of Upwork in a research report on Thursday, January 30th. UBS Group boosted their price objective on Upwork from $18.00 to $19.
00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Finally, BTIG Research downgraded Upwork from a “buy” rating to a “neutral” rating in a report on Friday, April 4th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock.
According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $18.58.
Upwork Stock Performance Shares of UPWK opened at $12.73 on Tuesday. The firm has a fifty day moving average of $14.
19 and a 200-day moving average of $14.66. The company has a market cap of $1.
72 billion, a price-to-earnings ratio of 8.32 and a beta of 1.60.
The company has a debt-to-equity ratio of 0.62, a quick ratio of 3.39 and a current ratio of 3.
39. Upwork Inc. has a 1 year low of $8.
43 and a 1 year high of $18.14. Upwork ( NASDAQ:UPWK – Get Free Report ) last posted its earnings results on Wednesday, February 12th.
The company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.24 by $0.
79. Upwork had a return on equity of 50.83% and a net margin of 28.
02%. As a group, equities analysts anticipate that Upwork Inc. will post 0.
84 earnings per share for the current year. Insiders Place Their Bets In other Upwork news, insider Dave Bottoms sold 5,411 shares of the company’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $13.
07, for a total transaction of $70,721.77. Following the completion of the sale, the insider now directly owns 9,593 shares of the company’s stock, valued at approximately $125,380.
51. This represents a 36.06 % decrease in their ownership of the stock.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink . Also, CEO Hayden Brown sold 9,075 shares of the business’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $13.
07, for a total transaction of $118,610.25. Following the sale, the chief executive officer now directly owns 1,223,741 shares in the company, valued at approximately $15,994,294.
87. This trade represents a 0.74 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Insiders sold 193,365 shares of company stock worth $3,050,760 over the last ninety days. Company insiders own 7.
60% of the company’s stock. About Upwork ( Free Report ) Upwork Inc, together with its subsidiaries, operates a work marketplace that connects businesses with various independent professionals and agencies in the United States, India, the Philippines, and internationally. The company’s work marketplace provides access to talent with various skills across a range of categories, including administrative support, sales and marketing, design and creative, and customer service, as well as web, mobile, and software development.
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