Upwork Inc (NASDAQ: UPWK) is 13.18% higher on its value in year-to-date trading and has touched a low of $8.43 and a high of $17.79 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The UPWK stock was last observed hovering at around $16.70 in the last trading session, with the day’s gains setting it 0.13%.
Currently trading at $16.83, the stock is 11.00% and 34.07% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.86 million and changing 0.78% at the moment leaves the stock 44.63% off its SMA200. UPWK registered 19.70% gain for a year compared to 6-month gain of 56.12%. The firm has a 50-day simple moving average (SMA 50) of $12.4254 and a 200-day simple moving average (SMA200) of $11.62605.
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The stock witnessed a 33.89% loss in the last 1 month and extending the period to 3 months gives it a 80.39%, and is 12.73% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.96% over the week and 4.36% over the month.
Upwork Inc (UPWK) has around 800 employees, a market worth around $2.25B and $761.78M in sales. Current P/E ratio is 27.01 and Fwd P/E is 13.99. Profit margin for the company is 11.26%. Distance from 52-week low is 99.76% and -5.40% from its 52-week high. The company has generated returns on investments over the last 12 months (11.03%).
with sales reaching $181.17M over the same period.The EPS is expected to grow by 97.09% this year, but quarterly earnings will post 10.14% year-over-year. Quarterly sales are estimated to shrink -1.50% in year-over-year returns.
Upwork Inc (UPWK) Top Institutional Holders
321.0 institutions hold shares in Upwork Inc (UPWK), with institutional investors hold 85.24% of the company’s shares. The shares outstanding are 137.27M, and float is at 120.66M with Short Float at 9.33%. Institutions hold 79.13% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 16.33 million shares valued at $175.56 million. The investor’s holdings represent 11.9766% of the UPWK Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 9.93 million shares valued at $106.72 million to account for 7.2808 of the shares outstanding. The other top investors are ANCIENT ART, L.P. which holds 7.34 million shares representing 5.3827% and valued at over $78.9 million, while BAILLIE GIFFORD & CO holds 2.6526 of the shares totaling 3.62 million with a market value of $38.88 million.
Upwork Inc (UPWK) Insider Activity
The most recent transaction is an insider sale by Marie Olivier, the company’s Chief Accounting Officer. SEC filings show that Marie Olivier sold 1,649 shares of the company’s common stock on Nov 19 ’24 at a price of $14.90 per share for a total of $24577.0. Following the sale, the insider now owns 1294.0 shares.
Upwork Inc disclosed in a document filed with the SEC on Nov 18 ’24 that Marie Olivier (Chief Accounting Officer) sold a total of 978 shares of the company’s common stock. The trade occurred on Nov 18 ’24 and was made at $15.13 per share for $14796.0. Following the transaction, the insider now directly holds 2943.0 shares of the UPWK stock.
Still, SEC filings show that on Nov 18 ’24, Gessert Erica (Chief Financial Officer) disposed off 19,816 shares at an average price of $15.13 for $0.3 million. The insider now directly holds 128,939 shares of Upwork Inc (UPWK).
