Cwm LLC Has $51,000 Holdings in Upwork Inc. (NASDAQ:UPWK)

Cwm LLC decreased its position in Upwork Inc. (NASDAQ:UPWK) by 20.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,434 shares of the company’s stock after selling 889 shares during the period. Cwm LLC’s holdings in Upwork were worth $51,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in UPWK. Daiwa Securities Group Inc. bought a new stake in Upwork in the 4th quarter valued at $33,000. Sherbrooke Park Advisers LLC bought a new position in Upwork during the 3rd quarter worth $135,000. Fox Run Management L.L.C. acquired a new stake in shares of Upwork during the third quarter worth $164,000. AXQ Capital LP bought a new stake in shares of Upwork in the third quarter valued at about $189,000. Finally, Strs Ohio acquired a new position in shares of Upwork in the third quarter valued at about $198,000. Institutional investors and hedge funds own 77.71% of the company’s stock.

Insider Buying and Selling

In other Upwork news, CEO Hayden Brown sold 43,714 shares of Upwork stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $12.86, for a total value of $562,162.04. Following the sale, the chief executive officer now owns 1,165,980 shares of the company’s stock, valued at $14,994,502.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, VP Dave Bottoms sold 2,843 shares of Upwork stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $13.22, for a total value of $37,584.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Hayden Brown sold 43,714 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $12.86, for a total transaction of $562,162.04. Following the transaction, the chief executive officer now owns 1,165,980 shares of the company’s stock, valued at approximately $14,994,502.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 70,374 shares of company stock valued at $889,478. 7.60% of the stock is owned by insiders.

Upwork Stock Performance

Shares of Upwork stock opened at $12.10 on Friday. Upwork Inc. has a one year low of $7.54 and a one year high of $16.36. The business has a 50-day simple moving average of $12.12 and a 200 day simple moving average of $13.21. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.93 and a quick ratio of 2.93. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 34.57 and a beta of 1.66.

Upwork (NASDAQ:UPWK) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The business had revenue of $183.93 million for the quarter, compared to analyst estimates of $178.43 million. Upwork had a return on equity of 13.96% and a net margin of 6.70%. On average, research analysts anticipate that Upwork Inc. will post 0.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

UPWK has been the subject of several analyst reports. UBS Group lifted their price objective on shares of Upwork from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Royal Bank of Canada dropped their price target on shares of Upwork from $18.00 to $15.00 and set a “sector perform” rating for the company in a research report on Thursday, May 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price target on shares of Upwork in a research note on Thursday, May 2nd. JMP Securities raised their price objective on Upwork from $16.00 to $17.00 and gave the stock a “market outperform” rating in a research note on Thursday, February 15th. Finally, The Goldman Sachs Group lifted their price objective on Upwork from $20.00 to $22.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Upwork has an average rating of “Moderate Buy” and an average price target of $17.30.

Upwork 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 administrative support, sales and marketing, design and creative, and customer service, as well as web, mobile, and software development.