Upwork (NASDAQ:UPWK) CEO Sells $201,895.85 in Stock

Upwork Inc. (NASDAQ:UPWK) CEO Hayden Brown sold 23,893 shares of the company’s stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $8.45, for a total transaction of $201,895.85. Following the completion of the sale, the chief executive officer directly owned 793,593 shares of the company’s stock, valued at $6,705,860.85. The trade was a 2.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Hayden Brown also recently made the following trade(s):

• On Tuesday, August 18th, Hayden Brown sold 73,241 shares of Upwork stock. The shares were sold at an average price of $8.43, for a total transaction of $617,421.63.

Upwork Stock Performance

UPWK stock opened at $8.07 on Friday. The stock has a market capitalization of $1.01 billion, a PE ratio of 10.48 and a beta of 1.01. The company has a fifty day moving average of $8.85 and a 200-day moving average of $9.46. Upwork Inc. has a one year low of $7.44 and a one year high of $22.84.

Upwork (NASDAQ:UPWK) last released its earnings results on Monday, August 10th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.07. The company had revenue of $191.66 million for the quarter. Upwork had a return on equity of 16.70% and a net margin of 12.94%.The business’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 EPS. Upwork has set its FY 2026 guidance at 1.380-1.430 EPS and its Q3 2026 guidance at 0.310-0.330 EPS.

Analysts Set New Price Targets

Several brokerages recently issued reports on UPWK. Canaccord Genuity Group cut their price objective on Upwork from $10.00 to $9.00 and set a “hold” rating for the company in a research report on Wednesday, August 12th. UBS Group dropped their price target on Upwork from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday, August 14th. Weiss Ratings cut Upwork from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, July 29th. Needham & Company LLC reduced their price objective on Upwork from $15.00 to $11.00 and set a “buy” rating on the stock in a research report on Tuesday, August 11th. Finally, The Goldman Sachs Group set a $11.50 price objective on Upwork in a research report on Tuesday, August 11th. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $13.05.

Institutional Investors Weigh In On Upwork

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. raised its position in Upwork by 434.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,881 shares of the company’s stock valued at $37,000 after purchasing an additional 1,529 shares during the period. GAMMA Investing LLC boosted its position in shares of Upwork by 43.7% in the second quarter. GAMMA Investing LLC now owns 4,575 shares of the company’s stock worth $38,000 after buying an additional 1,392 shares during the period. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Upwork in the fourth quarter valued at about $73,000. Summit Global Investments acquired a new stake in shares of Upwork in the second quarter valued at about $89,000. Finally, Clearstead Advisors LLC raised its holdings in shares of Upwork by 226.5% during the 4th quarter. Clearstead Advisors LLC now owns 4,590 shares of the company’s stock valued at $91,000 after buying an additional 3,184 shares during the period. 77.71% of the stock is currently owned by institutional investors and hedge funds.

Upwork Company Profile

Upwork Inc operates a global online work marketplace that connects businesses with independent professionals and agencies. The platform supports a wide range of services, including software development, design and creative work, marketing, writing and translation, consulting, customer support, and administrative services.

Through its marketplace, Upwork enables businesses to find talent, post projects, manage engagements, collaborate remotely, and process payments. The company also offers solutions designed for larger organizations, including tools for sourcing, onboarding, managing, and paying independent professionals at scale.

Upwork was formed through the 2014 merger of Elance and oDesk and adopted the Upwork name in 2015.