2 weeks Ago By Defense World Staff
Sei Investments Co. grew its stake in shares of Upwork Inc. ( NASDAQ:UPWK – Free Report ) by 41.
6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 159,945 shares of the company’s stock after buying an additional 46,972 shares during the quarter. Sei Investments Co.
owned 0.12% of Upwork worth $2,615,000 at the end of the most recent quarter. Several other large investors have also recently modified their holdings of UPWK.
Point72 Asset Management L.P. boosted its holdings in Upwork by 2,216.
8% during the 3rd quarter. Point72 Asset Management L.P.
now owns 503,682 shares of the company’s stock valued at $5,263,000 after acquiring an additional 481,942 shares during the period. Corient Private Wealth LLC boosted its stake in shares of Upwork by 659.9% during the fourth quarter.
Corient Private Wealth LLC now owns 172,582 shares of the company’s stock valued at $2,822,000 after purchasing an additional 149,871 shares during the period. Stifel Financial Corp grew its holdings in shares of Upwork by 228.0% in the third quarter.
Stifel Financial Corp now owns 211,569 shares of the company’s stock worth $2,211,000 after purchasing an additional 147,059 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Upwork in the fourth quarter worth $1,670,000. Finally, Tabor Asset Management LP bought a new stake in Upwork during the 3rd quarter valued at $993,000.
Hedge funds and other institutional investors own 77.71% of the company’s stock. Analyst Ratings Changes A number of equities analysts have issued reports on UPWK shares.
Roth Mkm decreased their price objective on shares of Upwork from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th.
Jefferies Financial Group boosted their price target on Upwork from $19.00 to $20.00 and gave the company a “buy” rating in a report on Monday, January 6th.
BTIG Research cut Upwork from a “buy” rating to a “neutral” rating in a report on Friday. UBS Group upped their target price on Upwork from $18.00 to $19.
00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Finally, Scotiabank started coverage on shares of Upwork in a report on Wednesday, March 12th. They issued a “sector perform” rating and a $15.
00 price target on the stock. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.
58. Upwork Price Performance Shares of NASDAQ UPWK opened at $11.87 on Friday.
The company has a 50 day simple moving average of $14.77 and a two-hundred day simple moving average of $14.52.
Upwork Inc. has a fifty-two week low of $8.43 and a fifty-two week high of $18.
14. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 7.
76 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 ( NASDAQ:UPWK – Get Free Report ) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.
24 by $0.79. Upwork had a return on equity of 50.
83% and a net margin of 28.02%. Analysts expect that Upwork Inc.
will post 0.84 EPS for the current fiscal year. Insiders Place Their Bets In other news, CEO Hayden Brown sold 21,122 shares of the firm’s stock in a transaction dated Tuesday, February 18th.
The shares were sold at an average price of $16.15, for a total transaction of $341,120.30.
Following the sale, the chief executive officer now owns 1,275,083 shares of the company’s stock, valued at $20,592,590.45. This trade represents a 1.
63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link . Also, insider Dave Bottoms sold 5,411 shares of the stock in a transaction that occurred on Tuesday, March 18th.
The shares were sold at an average price of $13.07, for a total transaction of $70,721.77.
Following the transaction, the insider now owns 9,593 shares in the company, valued at approximately $125,380.51. This trade represents a 36.
06 % decrease in their position. The disclosure for this sale can be found here . Over the last ninety days, insiders sold 193,365 shares of company stock valued at $3,050,760.
Insiders own 7.60% of the company’s stock. Upwork Company Profile ( 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. Further Reading Five stocks we like better than Upwork 3 Natural Gas Stocks That Offer Great Dividend Yields Archer Aviation’s Africa Deal Could Boost ACHR Stock How to Know Which Cryptocurrency to Buy: A Guide for Investors Are Short Sellers Wrong About These 3 Semiconductor Stocks? How to Short a Stock in 5 Easy Steps Boeing Gets $50B in March Orders—Is BA Stock a Buy Now? Want to see what other hedge funds are holding UPWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Upwork Inc.
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