Upwork Inc (NASDAQ: UPWK) is 17.62% 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 $16.96 in the last trading session, with the day’s gains setting it 0.53%.
Currently trading at $17.49, the stock is 7.86% and 28.55% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.92 million and changing 3.13% at the moment leaves the stock 48.50% off its SMA200. UPWK registered 27.20% gain for a year compared to 6-month gain of 64.38%. The firm has a 50-day simple moving average (SMA 50) of $13.4666 and a 200-day simple moving average (SMA200) of $11.75655.
The stock witnessed a 7.63% loss in the last 1 month and extending the period to 3 months gives it a 91.36%, and is 0.98% 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 3.30% over the week and 3.46% over the month.
Upwork Inc (UPWK) has around 800 employees, a market worth around $2.40B and $761.78M in sales. Current P/E ratio is 28.07 and Fwd P/E is 14.43. Profit margin for the company is 11.26%. Distance from 52-week low is 107.60% and -1.69% from its 52-week high. The company has generated returns on investments over the last 12 months (11.03%).
The EPS is expected to grow by 95.80% this year.
Upwork Inc (UPWK) Top Institutional Holders
319.0 institutions hold shares in Upwork Inc (UPWK), with institutional investors hold 85.60% of the company’s shares. The shares outstanding are 133.50M, and float is at 120.67M with Short Float at 8.97%. Institutions hold 79.15% 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 Brown Hayden, the company’s President & CEO. SEC filings show that Brown Hayden sold 15,000 shares of the company’s common stock on Nov 27 ’24 at a price of $17.00 per share for a total of $0.26 million. Following the sale, the insider now owns 1.18 million shares.
Upwork Inc disclosed in a document filed with the SEC on Nov 19 ’24 that Marie Olivier (Chief Accounting Officer) sold a total of 1,649 shares of the company’s common stock. The trade occurred on Nov 19 ’24 and was made at $14.90 per share for $24577.0. Following the transaction, the insider now directly holds 1294.0 shares of the UPWK stock.
Still, SEC filings show that on Nov 18 ’24, Marie Olivier (Chief Accounting Officer) disposed off 978 shares at an average price of $15.13 for $14796.0. The insider now directly holds 2,943 shares of Upwork Inc (UPWK).
