Upwork (NASDAQ:UPWK) CAO Sabrina Mekhalfa Sells 1,299 Shares of Stock

Upwork Inc. (NASDAQ:UPWK) CAO Sabrina Mekhalfa sold 1,299 shares of the company’s stock in a transaction on Friday, September 18th. The stock was sold at an average price of $8.45, for a total value of $10,976.55. Following the sale, the chief accounting officer owned 6,675 shares of the company’s stock, valued at $56,403.75. This trade represents a 16.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Upwork Trading Down 0.2%

Shares of NASDAQ:UPWK opened at $8.35 on Wednesday. The stock has a market cap of $1.04 billion, a PE ratio of 10.84 and a beta of 1.01. The stock’s fifty day simple moving average is $8.90 and its two-hundred day simple moving average is $9.53. Upwork Inc. has a 1-year low of $7.44 and a 1-year high of $22.84.

Upwork (NASDAQ:UPWK) last posted 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. Upwork had a net margin of 12.94% and a return on equity of 16.70%. The firm had revenue of $191.66 million during the quarter. During the same quarter in the previous year, the company earned $0.35 EPS. The business’s revenue 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.

Institutional Investors Weigh In On Upwork

A number of institutional investors and hedge funds have recently made changes to their positions in UPWK. Rockefeller Capital Management L.P. grew its position in Upwork by 434.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,881 shares of the company’s stock worth $37,000 after buying an additional 1,529 shares in the last quarter. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Upwork in the 4th quarter valued at about $73,000. GAMMA Investing LLC raised its holdings in shares of 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 acquiring an additional 1,392 shares in the last quarter. Clearstead Advisors LLC boosted its position 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 acquiring an additional 3,184 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Upwork by 28.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 8,003 shares of the company’s stock valued at $159,000 after acquiring an additional 1,771 shares during the last quarter. Hedge funds and other institutional investors own 77.71% of the company’s stock.

Trending Headlines about Upwork

Here are the key news stories impacting Upwork this week:

• Positive Sentiment: Upwork’s latest quarterly earnings exceeded expectations: adjusted EPS was $0.41 versus the $0.34 consensus estimate. The company also maintained fiscal 2026 EPS guidance of $1.38–$1.43, supporting the profitability case. Upwork stock slips as earnings beat meets revenue decline
• Neutral Sentiment: CEO Hayden Brown, CFO Erica Gessert, COO Anthony Kappus and CAO Sabrina Mekhalfa sold shares at approximately $8.45 each. The filings state that the transactions were made to cover tax-withholding obligations tied to vested equity awards, which makes them less indicative of discretionary bearish views. Upwork CFO insider sale
• Negative Sentiment: Revenue declined 1.7% year over year to $191.66 million, tempering the earnings beat and raising concerns about limited growth in Upwork’s marketplace. Several analysts subsequently maintained Hold or Neutral ratings and reduced price targets, contributing to the cautious sentiment. Upwork stock slips as earnings beat meets revenue decline

Analysts Set New Price Targets

Several brokerages have recently issued reports on UPWK. UBS Group decreased their price target on shares of Upwork from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday, August 14th. Scotiabank dropped their price target on shares of Upwork from $10.00 to $8.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 11th. Weiss Ratings lowered shares of Upwork from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, July 29th. Needham & Company LLC dropped their target price 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 target on Upwork in a report on Tuesday, August 11th. Three 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. According to MarketBeat, Upwork currently has a consensus rating of “Hold” and a consensus price target of $13.05.

About Upwork

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.