Fiera Capital Corp Has $27.35 Million Stock Position in Upwork Inc. $UPWK

Fiera Capital Corp grew its stake in shares of Upwork Inc. (NASDAQ:UPWK) by 32.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,379,902 shares of the company’s stock after purchasing an additional 338,002 shares during the quarter. Fiera Capital Corp’s holdings in Upwork were worth $27,350,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Accredited Wealth Management LLC increased its holdings in shares of Upwork by 5,280.0% during the 3rd quarter. Accredited Wealth Management LLC now owns 1,345 shares of the company’s stock worth $25,000 after acquiring an additional 1,320 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Upwork by 594.4% during the 4th quarter. Farther Finance Advisors LLC now owns 1,361 shares of the company’s stock worth $27,000 after acquiring an additional 1,165 shares during the last quarter. Clearstead Advisors LLC increased its holdings in shares of Upwork by 998.4% during the 3rd quarter. Clearstead Advisors LLC now owns 1,406 shares of the company’s stock worth $26,000 after acquiring an additional 1,278 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Upwork by 2,405.7% during the 3rd quarter. Fifth Third Bancorp now owns 1,754 shares of the company’s stock worth $33,000 after acquiring an additional 1,684 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Upwork by 379.2% during the 4th quarter. GAMMA Investing LLC now owns 1,840 shares of the company’s stock worth $36,000 after acquiring an additional 1,456 shares during the last quarter. Institutional investors and hedge funds own 77.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on UPWK. Scotiabank decreased their target price on Upwork from $15.00 to $10.00 and set a “sector perform” rating on the stock in a report on Friday, May 8th. Citigroup decreased their target price on Upwork from $17.00 to $10.00 and set a “neutral” rating on the stock in a report on Thursday, May 21st. The Goldman Sachs Group reissued a “buy” rating and set a $27.00 target price on shares of Upwork in a report on Tuesday, February 10th. Roth Mkm lowered Upwork from a “buy” rating to a “neutral” rating and set a $10.00 target price on the stock. in a report on Friday, May 8th. Finally, Needham & Company LLC decreased their target price on Upwork from $25.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $15.50.

Upwork Price Performance

UPWK opened at $8.86 on Tuesday. The business has a fifty day simple moving average of $9.87 and a 200 day simple moving average of $14.78. The company has a market capitalization of $1.09 billion, a PE ratio of 10.94 and a beta of 1.01. Upwork Inc. has a 1 year low of $7.44 and a 1 year high of $22.84.

Upwork announced that its board has authorized a share repurchase plan on Wednesday, February 18th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the company to repurchase up to 18% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its stock is undervalued.

Insider Activity at Upwork

In related news, CFO Erica Gessert sold 9,278 shares of the business’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $12.31, for a total value of $114,212.18. Following the completion of the sale, the chief financial officer directly owned 307,240 shares in the company, valued at $3,782,124.40. The trade was a 2.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Dave Bottoms sold 7,000 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $11.49, for a total value of $80,430.00. Following the completion of the sale, the insider owned 2,678 shares of the company’s stock, valued at $30,770.22. This trade represents a 72.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 53,080 shares of company stock worth $647,675 in the last ninety days. 4.90% of the stock is owned by company insiders.

Upwork 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.