Susquehanna Fundamental Investments LLC Has $675,000 Stock Position in Upwork Inc. $UPWK

Susquehanna Fundamental Investments LLC lowered its position in Upwork Inc. (NASDAQ:UPWK) by 51.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 80,752 shares of the company’s stock after selling 86,914 shares during the quarter. Susquehanna Fundamental Investments LLC owned 0.06% of Upwork worth $675,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its stake in 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 acquiring an additional 5,893,970 shares during the period. Rice Hall James & Associates LLC acquired a new stake in Upwork during the second quarter valued at approximately $23,214,000. Boston Partners raised its holdings in shares of Upwork by 785.7% in the 3rd quarter. Boston Partners now owns 2,322,575 shares of the company’s stock worth $42,962,000 after buying an additional 2,060,356 shares in the last quarter. Summit Partners Public Asset Management LLC bought a new position in shares of Upwork during the 4th quarter worth approximately $40,136,000. Finally, Capital International Investors boosted its stake in Upwork by 37.7% in the 4th quarter. Capital International Investors now owns 3,288,860 shares of the company’s stock valued at $65,185,000 after buying an additional 900,318 shares in the last quarter. Institutional investors and hedge funds own 77.71% of the company’s stock.

Upwork Stock Performance

NASDAQ:UPWK opened at $9.03 on Thursday. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 11.73 and a beta of 1.01. The stock’s fifty day moving average price is $8.95 and its two-hundred day moving average price is $9.99. Upwork Inc. has a 52-week low of $7.44 and a 52-week high of $22.84.

Upwork (NASDAQ:UPWK) last released its earnings results on Monday, August 10th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. The company had revenue of $191.66 million during the quarter. Upwork had a return on equity of 16.70% and a net margin of 12.94%.The company’s revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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.

Analyst Upgrades and Downgrades

Several research firms have issued reports on UPWK. Scotiabank dropped their price objective on Upwork from $10.00 to $8.00 and set a “sector perform” rating for the company in a research note on Tuesday, August 11th. UBS Group dropped their target price on shares of Upwork from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday, August 14th. Canaccord Genuity Group cut their price target on shares of Upwork from $10.00 to $9.00 and set a “hold” rating for the company in a report on Wednesday, August 12th. Citizens Jmp lowered shares of Upwork from an “outperform” rating to a “market perform” rating in a report on Friday, May 8th. Finally, Weiss Ratings cut shares of Upwork from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, July 29th. Three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $13.05.

Insider Buying and Selling

In related news, CEO Hayden Brown sold 73,241 shares of Upwork stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $8.43, for a total transaction of $617,421.63. Following the completion of the sale, 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 sale was disclosed in a document filed 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. Also, CFO Erica Gessert sold 22,844 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $8.43, for a total value of $192,574.92. Following the completion of the sale, the chief financial officer owned 364,789 shares of the company’s stock, valued at $3,075,171.27. This represents a 5.89% decrease in their position. 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. Over the last ninety days, insiders sold 132,520 shares of company stock worth $1,108,000. Insiders own 4.90% 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.