Upwork Inc. (NASDAQ:UPWK – Get Rating) CFO Jeff Mccombs sold 16,372 shares of the stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $12.06, for a total transaction of $197,446.32. Following the completion of the sale, the chief financial officer now directly owns 97,264 shares in the company, valued at approximately $1,173,003.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Jeff Mccombs also recently made the following trade(s):
- On Thursday, September 29th, Jeff Mccombs sold 71,753 shares of Upwork stock. The stock was sold at an average price of $13.82, for a total transaction of $991,626.46.
Upwork Stock Performance
Upwork stock opened at $11.97 on Friday. The company has a debt-to-equity ratio of 2.32, a current ratio of 3.69 and a quick ratio of 3.69. The company’s 50-day moving average price is $13.43 and its two-hundred day moving average price is $17.22. Upwork Inc. has a 52 week low of $11.29 and a 52 week high of $39.42.
Hedge Funds Weigh In On Upwork
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the stock. Canaccord Genuity Group dropped their price objective on shares of Upwork from $36.00 to $25.00 in a report on Friday, October 28th. Royal Bank of Canada dropped their price objective on shares of Upwork from $21.00 to $15.00 in a report on Thursday, October 27th. Piper Sandler dropped their price objective on shares of Upwork from $30.00 to $20.00 in a report on Wednesday, October 26th. The Goldman Sachs Group dropped their price objective on shares of Upwork from $30.00 to $24.00 and set a “buy” rating on the stock in a report on Thursday, October 27th. Finally, Needham & Company LLC dropped their price objective on shares of Upwork from $27.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, October 27th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $25.08.
Upwork Company Profile
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 sales and marketing, customer service, data science and analytics, design and creative, web, mobile, and software development.
- Get a free copy of the StockNews.com research report on Upwork (UPWK)
- Three CBD Stocks to Dominate a Budding Industry
- Institutional Support for Analog Devices Remains High
- Microsoft Shares: Is it Time to Back Up the Truck?
- Salesforce Cuts Labor, Shows Strong Earnings Despite Challenges
- Is the 60/40 Portfolio Mix Still in Vogue?
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.