<div id="readability-page-1"><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/upwork-inc-logo-1200x675.png/query-dj0yMDI0MDQyNjE2MTMwNA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1200" height="675" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/upwork-inc-logo-1200x675.png/query-dj0yMDI0MDQyNjE2MTMwNA"/>Upwork Inc. (NASDAQ:UPWK - Get Free Report) VP Dave Bottoms sold 1,163 shares of the company's stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $10.79, for a total value of $12,548.77. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.</p><ul><li>Upwork Capitalizes on the Growing AI Gig Economy </li></ul><p>Dave Bottoms also recently made the following trade(s): </p><ul><li>On Monday, May 20th, Dave Bottoms sold 2,379 shares of Upwork stock. The stock was sold at an average price of $11.73, for a total value of $27,905.67. </li><li>On Friday, May 3rd, Dave Bottoms sold 2,843 shares of Upwork stock. The stock was sold at an average price of $13.22, for a total value of $37,584.46. </li></ul><h2>Upwork Stock Down 1.9 %</h2><p>Shares of NASDAQ UPWK traded down $0.21 during mid-day trading on Friday, reaching $10.57. The company had a trading volume of 2,852,136 shares, compared to its average volume of 2,032,698. Upwork Inc. has a twelve month low of $7.61 and a twelve month high of $16.36. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.93 and a current ratio of 2.93. The stock has a market capitalization of $1.41 billion, a PE ratio of 30.12 and a beta of 1.66. The stock's 50 day moving average is $11.78 and its 200-day moving average is $13.24. </p><br/><ul><li>3 reasons Upwork is about to rally 30%</li></ul><p>Upwork (NASDAQ:UPWK - Get Free Report) last posted its earnings results on Wednesday, May 1st. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.11 by $0.02. The firm had revenue of $190.94 million for the quarter, compared to the consensus estimate of $186.71 million. Upwork had a net margin of 6.70% and a return on equity of 13.96%. As a group, equities analysts anticipate that Upwork Inc. will post 0.52 earnings per share for the current fiscal year. </p><h2>Analyst Upgrades and Downgrades</h2><p>A number of equities research analysts have weighed in on the company. JMP Securities upped their target price on Upwork from $16.00 to $17.00 and gave the stock a &#34;market outperform&#34; rating in a research report on Thursday, February 15th. BTIG Research upgraded Upwork from a &#34;neutral&#34; rating to a &#34;buy&#34; rating and set a $16.00 target price for the company in a research report on Thursday, May 2nd. The Goldman Sachs Group upped their target price on Upwork from $20.00 to $22.00 and gave the stock a &#34;buy&#34; rating in a research report on Thursday, February 15th. Royal Bank of Canada cut their target price on Upwork from $18.00 to $15.00 and set a &#34;sector perform&#34; rating for the company in a research report on Thursday, May 2nd. Finally, Roth Mkm restated a &#34;buy&#34; rating and issued a $19.00 target price on shares of Upwork in a research report on Wednesday, May 15th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of &#34;Moderate Buy&#34; and an average price target of $17.80.</p><ul><li>Upwork underscores the strength of the AI gig economy</li></ul><p><b>Check Out Our Latest Stock Analysis on UPWK</b></p><h2>Institutional Investors Weigh In On Upwork</h2><p>Hedge funds have recently bought and sold shares of the company. Quadrant Capital Group LLC lifted its stake in shares of Upwork by 67.8% in the fourth quarter. Quadrant Capital Group LLC now owns 1,988 shares of the company's stock valued at $30,000 after buying an additional 803 shares during the period. Essex Investment Management Co. LLC lifted its stake in shares of Upwork by 56.2% in the first quarter. Essex Investment Management Co. LLC now owns 4,724 shares of the company's stock valued at $58,000 after buying an additional 1,700 shares during the period. ProShare Advisors LLC lifted its stake in Upwork by 8.6% during the first quarter. ProShare Advisors LLC now owns 22,483 shares of the company's stock worth $276,000 after purchasing an additional 1,771 shares during the period. Daiwa Securities Group Inc. bought a new position in Upwork during the fourth quarter worth about $33,000. Finally, Principal Financial Group Inc. lifted its stake in Upwork by 17.1% during the first quarter. Principal Financial Group Inc. now owns 16,823 shares of the company's stock worth $206,000 after purchasing an additional 2,457 shares during the period. 77.71% of the stock is currently owned by institutional investors. </p><h2>Upwork Company Profile</h2> (Get Free Report)<p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Upwork</li><li>What is the Australian Securities Exchange (ASX) </li><li>Foot Locker’s Quarter Sends Doubters Running</li><li>What is a SEC Filing?</li><li>Costco Wholesale Can Hit New Highs; A Rebound Is Coming</li><li>Stock Analyst Ratings and Canadian Analyst Ratings</li><li>Chevron Eyes Hess, Exxon Resists: Here's the Trade</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/InsiderTradesChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9VVBXSw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/InsiderTradesChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9VVBXSw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. 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UPWK

<p>Dave Bottoms, VP of Upwork Inc. (NASDAQ:UPWK), sold 1,163 shares of the company's stock for a total transaction of $12,548.77. This transaction was disclosed in a filing with the Securities & Exchange Commission. Upwork's stock has experienced a decline of 1.9%. The company recently reported earnings results that exceeded expectations. Several equities research analysts have given the stock a buy rating. Upwork highlights the strength of the AI gig economy.</p>

Dave Bottoms Sells 1,163 Shares of Upwork Inc. (NASDAQ:UPWK) Stock