Upwork (NASDAQ:UPWK) CEO Sells $617,421.63 in Stock

Upwork Inc. (NASDAQ:UPWK) CEO Hayden Brown sold 73,241 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $8.43, for a total value of $617,421.63. Following the sale, the chief executive officer owned 771,076 shares of the company’s stock, valued at $6,500,170.68. This trade represents a 8.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 Thursday, June 18th, Hayden Brown sold 23,468 shares of Upwork stock. The shares were sold at an average price of $8.15, for a total transaction of $191,264.20.

Upwork Stock Performance

UPWK traded down $0.03 during trading on Thursday, hitting $8.66. The stock had a trading volume of 1,798,371 shares, compared to its average volume of 3,843,327. The firm has a market capitalization of $1.08 billion, a P/E ratio of 11.25 and a beta of 0.99. The company’s 50-day moving average price is $8.83 and its 200 day moving average price is $10.59. Upwork Inc. has a twelve month low of $7.44 and a twelve month high of $22.84.

Upwork (NASDAQ:UPWK) last released its earnings results on Monday, August 10th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. The company had revenue of $191.66 million during the quarter. Upwork had a net margin of 12.94% and a return on equity of 16.70%. The firm’s revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the business 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.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on UPWK. Roth Capital downgraded Upwork from a “buy” rating to a “neutral” rating and set a $10.00 price target on the stock. in a research note on Friday, May 8th. Citizens Jmp cut Upwork from an “outperform” rating to a “market perform” rating in a research report on Friday, May 8th. Scotiabank reduced their target price on Upwork from $10.00 to $8.00 and set a “sector perform” rating for the company in a report on Tuesday, August 11th. The Goldman Sachs Group set a $11.50 target price on shares of Upwork in a research report on Tuesday, August 11th. Finally, Citigroup cut their price target on shares of Upwork from $17.00 to $10.00 and set a “neutral” rating for the company in a report on Thursday, May 21st. Three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Upwork presently has a consensus rating of “Hold” and a consensus price target of $13.05.

Hedge Funds Weigh In On Upwork

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC grew its position in shares of Upwork by 594.4% in the fourth quarter. Farther Finance Advisors LLC now owns 1,361 shares of the company’s stock valued at $27,000 after purchasing an additional 1,165 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in Upwork by 434.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,881 shares of the company’s stock valued at $37,000 after buying an additional 1,529 shares in the last quarter. GAMMA Investing LLC lifted its stake in Upwork by 43.7% in the 2nd quarter. GAMMA Investing LLC now owns 4,575 shares of the company’s stock valued at $38,000 after buying an additional 1,392 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Upwork during the 4th quarter valued at $42,000. Finally, EverSource Wealth Advisors LLC increased its position in Upwork by 19,361.1% during the second quarter. EverSource Wealth Advisors LLC now owns 3,503 shares of the company’s stock worth $47,000 after buying an additional 3,485 shares in the last quarter. Institutional investors and hedge funds own 77.71% of the company’s stock.

About Upwork

Upwork Inc operates a leading online talent marketplace that connects businesses with independent professionals worldwide. Through its digital platform, the company enables clients across industries—including technology, marketing, creative services and customer support—to source, hire and manage freelance talent on demand. Key features of the Upwork platform include streamlined job posting, proposal evaluation, time-tracking tools, invoicing and secure payment processing, all designed to simplify collaboration between clients and remote workers.

The company traces its roots to the merger of two pioneering freelance marketplaces, Elance (founded in 1998) and oDesk (founded in 2003), which combined in 2015 to form a unified entity.