Upwork Inc. (UPWK) Insiders Have Been Holding Stock, Q4 Earnings To Possibly Beat Expectations

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Over the last year, that has been only one insider at Upwork to sell their shares, Senior Vice President of Product & Design Hayden Brown.   Brown sold $757k worth of shares which represented approximately 15.7% of Hayden Brown’s holding.

What Is Insider Buying and Selling?

It’s quite normal to see company insiders, such as board members, trading in company stock. However, such insiders must disclose their trading activities, and not trade on inside information.

We would never suggest that investors should base their decisions solely on what the directors of a company have been doing.  But logic dictates you should pay some attention to whether insiders are buying or selling shares. For example, a Colombia University study found that ‘insiders are more likely to engage in open market purchases of their own company’s stock when the firm is about to reveal new agreements with customers and suppliers’.

Given the new partnership between Microsoft and Upwork, along with the potential for an acquisition to transpire, it would make sense that management is holding its shares across the board.