Upwork (NASDAQ:UPWK) Insider Sells $232,358.15 in Stock

Upwork Inc. (NASDAQ:UPWK) insider Dave Bottoms sold 11,285 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $20.59, for a total value of $232,358.15. Following the completion of the transaction, the insider directly owned 9,967 shares in the company, valued at approximately $205,220.53. This represents a 53.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Dave Bottoms also recently made the following trade(s):

• On Friday, December 19th, Dave Bottoms sold 9,622 shares of Upwork stock. The shares were sold at an average price of $20.66, for a total transaction of $198,790.52.
• On Wednesday, November 19th, Dave Bottoms sold 1,748 shares of Upwork stock. The stock was sold at an average price of $18.13, for a total transaction of $31,691.24.
• On Tuesday, November 18th, Dave Bottoms sold 2,002 shares of Upwork stock. The shares were sold at an average price of $16.72, for a total transaction of $33,473.44.
• On Monday, November 17th, Dave Bottoms sold 561 shares of Upwork stock. The stock was sold at an average price of $16.45, for a total transaction of $9,228.45.

Upwork Stock Up 1.0%

UPWK opened at $21.03 on Thursday. Upwork Inc. has a 52 week low of $11.13 and a 52 week high of $22.32. The firm has a 50-day simple moving average of $18.45 and a two-hundred day simple moving average of $16.20. The company has a market capitalization of $2.75 billion, a PE ratio of 12.02 and a beta of 1.02.

Upwork (NASDAQ:UPWK) last released its quarterly earnings results on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.04). The firm had revenue of $201.73 million for the quarter, compared to analysts’ expectations of $193.33 million. Upwork had a net margin of 31.63% and a return on equity of 41.05%. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.30 EPS. Upwork has set its FY 2025 guidance at 1.350-1.370 EPS and its Q4 2025 guidance at 0.310-0.330 EPS. As a group, sell-side analysts expect that Upwork Inc. will post 0.84 earnings per share for the current year.

Upwork announced that its board has initiated a share buyback plan on Wednesday, September 3rd that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 4.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of research firms have recently weighed in on UPWK. JMP Securities boosted their target price on shares of Upwork from $20.00 to $27.00 and gave the stock a “market outperform” rating in a report on Wednesday, September 24th. Citigroup restated a “market outperform” rating on shares of Upwork in a research report on Wednesday, November 19th. Weiss Ratings reissued a “hold (c+)” rating on shares of Upwork in a research report on Wednesday, October 8th. Needham & Company LLC restated a “buy” rating and issued a $25.00 price target on shares of Upwork in a research report on Wednesday, November 19th. Finally, The Goldman Sachs Group lifted their price objective on shares of Upwork from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, November 19th. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Upwork has a consensus rating of “Moderate Buy” and a consensus price target of $22.92.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of UPWK. Financial Gravity Companies Inc. purchased a new stake in Upwork during the 2nd quarter worth approximately $5,118,000. Inspire Investing LLC purchased a new position in shares of Upwork in the first quarter worth $750,000. Aviance Capital Partners LLC acquired a new stake in shares of Upwork during the second quarter worth $619,000. Campbell & CO Investment Adviser LLC grew its holdings in shares of Upwork by 80.6% during the second quarter. Campbell & CO Investment Adviser LLC now owns 251,263 shares of the company’s stock valued at $3,377,000 after buying an additional 112,133 shares during the last quarter. Finally, Grandeur Peak Global Advisors LLC increased its position in shares of Upwork by 27.1% in the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 463,926 shares of the company’s stock valued at $6,235,000 after acquiring an additional 98,811 shares during the period. Institutional investors own 77.71% of the company’s stock.

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.