Landscape Capital Management L.L.C. Acquires New Holdings in Upwork Inc. $UPWK

Landscape Capital Management L.L.C. bought a new stake in shares of Upwork Inc. (NASDAQ:UPWK) in the second quarter, Holdings Channel.com reports. The firm bought 258,172 shares of the company’s stock, valued at approximately $2,158,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of UPWK. Price T Rowe Associates Inc. MD increased its stake in shares of Upwork by 44.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,231,377 shares of the company’s stock valued at $381,166,000 after purchasing an additional 5,893,970 shares during the period. Vanguard Group Inc. boosted its position in shares of Upwork by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 14,989,217 shares of the company’s stock worth $297,086,000 after buying an additional 322,455 shares during the period. LSV Asset Management boosted its position in shares of Upwork by 0.4% during the fourth quarter. LSV Asset Management now owns 6,537,275 shares of the company’s stock worth $129,569,000 after buying an additional 23,900 shares during the period. Ancient Art L.P. grew its holdings in Upwork by 8.7% in the 4th quarter. Ancient Art L.P. now owns 4,640,814 shares of the company’s stock worth $91,981,000 after buying an additional 372,147 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Upwork by 26.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,715,616 shares of the company’s stock worth $40,720,000 after buying an additional 779,506 shares in the last quarter. Institutional investors own 77.71% of the company’s stock.

Insider Activity

In related news, CEO Hayden Brown sold 73,241 shares of Upwork stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $8.43, for a total transaction of $617,421.63. Following the transaction, the chief executive officer directly owned 771,076 shares of the company’s stock, valued at $6,500,170.68. The trade was a 8.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Erica Gessert sold 22,844 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $8.43, for a total transaction of $192,574.92. Following the completion of the sale, the chief financial officer owned 364,789 shares in the company, valued at approximately $3,075,171.27. This trade represents a 5.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 132,520 shares of company stock valued at $1,108,000 in the last ninety days. Company insiders own 4.90% of the company’s stock.

Wall Street Analysts Forecast Growth

UPWK has been the topic of several analyst reports. Citizens Jmp cut Upwork from an “outperform” rating to a “market perform” rating in a research report on Friday, May 8th. Scotiabank reduced their price target on Upwork from $10.00 to $8.00 and set a “sector perform” rating for the company in a research report on Tuesday, August 11th. Weiss Ratings cut Upwork from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, July 29th. Citigroup lowered their price target on Upwork from $17.00 to $10.00 and set a “neutral” rating on the stock in a report on Thursday, May 21st. Finally, Royal Bank Of Canada cut their price objective on shares of Upwork from $9.00 to $8.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 11th. Three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $13.05.

Upwork Price Performance

UPWK opened at $8.61 on Friday. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 11.18 and a beta of 0.99. Upwork Inc. has a 1-year low of $7.44 and a 1-year high of $22.84. The business has a 50 day moving average price of $8.83 and a two-hundred day moving average price of $10.50.

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

Upwork Company Profile

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.